100,000 pressure is too much.

Head and Shoulders, Head and Shoulders Again
The overall ETF performance since the beginning of the year was not as expected. The next day, even the most hard-hitting ETF BlackRock saw a large sell-off (332 million dollars). The total net outflow of Bitcoin ETF was 242 million dollars, and the net outflow of Ethereum ETF was 77 million dollars.

The market rebounded as expected despite the overall poor performance of ETFs at the beginning of the year, and the overall trend was relatively weak. If the market continues to be blocked at the right shoulder, there is a high probability that the market will fluctuate downward to test the daily support point below (85,000).

Traditional finance is also the largest profit-taking in this round of bull market. When it starts to choose to sell part of the risk to avoid some risks, including the two most talked-about institutions in this round. BlackRock/Micro Strategy, they seem to be watching and have no obvious actions recently. The recovery in the past two days is basically judged to be retail investors who bought the good news after Trump took office. The characteristics of retail investors' buying are obvious. Without consensus, the trend is difficult to continue. The remaining two days of this week are basically dominated by weak rebounds...

At present, the price of the currency rebounded from the bottom of the right shoulder to the highest point of the day near 98,000, and then it was slightly under pressure. The on-chain data shows that most of the retail investors' chips are concentrated in the 95,500-93,500 area, so the current price has not yet reached the space for a large exit. Due to the previous selling pressure of profit-taking, the chips in the hands of the main force have been reduced a lot, so the possibility of a large selling pressure downward in the short term is extremely low. In summary, it is recommended that those who already hold long leverage continue to hold until the right shoulder is around 100,000 before preparing to reduce and clear positions. For short positions, it is safer to place orders in the trading concentration range below..

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