Daily Report NO.047｜May 2
1. $BTC etf. On May 1, the etf had a net outflow of 563.77 million US dollars, with a total net outflow of 9294.12 BTC, which was the largest net outflow in a single day since the etf was approved. BlackRock had a net outflow for the first time, with an outflow of 36.9 million US dollars and a total outflow of -608.40 BTC
2. Sentiment index, FGI, 47. Market sentiment continued to fall, falling below 50.
3. BTC had 65 large transfers on the chain, which was extremely bearish; $ETH had 165 large transfers on the chain, which was extremely bearish.
4. The total TVL on the chain was 87.31B, down 1.68% from yesterday
5. At present, the BTC market: the weekly line showed a weakening of bulls for the first time, and the market rise was confirmed to weaken again. The large cycle (more than 4H) was all in the short direction. There is a need for a rebound in the short term, pay attention to the support and pressure of each cycle.
Intraday direction: bullish, rebound target looks at the 1H cycle pressure level.
Intraday pressure level: 60432, 60764
Intraday support level: 57031, 55475
