According to the data on April 13, the capital flow of the US Bitcoin spot ETF is interesting. GBTC has a lot of capital outflow, up to $166 million, but BlackRock IBIT has attracted $111 million. The capital flow of Fidelity FBTC is quite stable. In addition, Grayscale is still facing considerable selling pressure, and the balance of the exchange's Bitcoin wallet has decreased by 730.98 coins. It seems that the market now cherishes the Bitcoin in its hands.

Let's talk about the fundamentals of Bitcoin. Yesterday's market trend was a bit weak, and the price was below the moving average. Although the price is still on the edge of the rising trend line, it has not broken. If the contract and leverage are removed, Bitcoin may still hit a new high in the short term. The market trend in the morning is a bit like the last Bitcoin halving, and the prices of those altcoins have fallen badly. So, I have always told everyone that position control is very important. Bitcoin and Ethereum are mainstream currencies, and the confidence in the bull market is the strongest, so the position should be focused on them. Those altcoins are just icing on the cake, don't expect them to be a timely help.

Judging from the adjustment situation, the altcoins are now almost adjusted in place, and there are many market opportunities. But we have to confirm the bottom again before we can start a new round of rise. It is normal to have some big fluctuations occasionally in the bull market. Don't panic, and look at it calmly.

For long-term investors, just hold the coins now, don't panic. The strong pressure level of the market is around 72700 and 75200.

For novice traders, I suggest you buy in batches in the two ranges of 65700-65900 and 60000-61000. I will notify you of the specific exit points in time according to the market situation.

For more analysis, follow Hei Jie, search for my pinned daily spot passwords for free, and share the bull market strategy layout for free! ​​​

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