$BTC
Update the latest view on Bitcoin, on the 24th I mentioned in the group that long-term holders are the main reason for this sell-off (Figure 2) and provided a short selling trading plan (Figure 3).
Now I tell you again, the demand for U.S. spot ETFs is increasing, absorbing nearly 90% of the selling pressure.
I judge this decline as a correction during a bull market, and it does not mean the end of the bull market.
Operational advice: If there is a further significant drop, short positions should take profits and bottom-fishing should be considered.
