#美国GDP数据即将公布
The main driving force behind this round of bull market for Bitcoin is the buying activity in the United States,
so we can analyze the initiation time of the upward trend by observing the Coinbase Bitcoin premium index.
Currently, the Coinbase Bitcoin premium index is still negative,
but compared to yesterday, the degree of negativity has significantly decreased,
which indicates that the buying activity in the United States has not yet recovered, but the selling sentiment has somewhat broken.
The upward trends on November 6 and November 19 both started after the Coinbase Bitcoin premium index turned from negative to positive.
If we observe that the Coinbase Bitcoin price index turns from negative to sustained,
significant positive values,
and the Bitcoin spot ETF also turns from net outflow to net inflow,
then it is very likely that the upward trend is about to start.
Now the major correction has come to an end,
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