Daily Report NO.049｜May 4th
1. $BTC etf. On May 3, the net inflow of etf was 378 million US dollars, with a total net inflow of 6407.87 BTC. The etf has been a net outflow in the past 7 days. Today, it has a net inflow. What is interesting is that Grayscale etf is the first net inflow after the etf passed.
2. Sentiment index, FGI, 56, neutral.
3. BTC has 78 large transfers on the chain, which is extremely bearish; $ETH has 43 large transfers on the chain, which is extremely bearish.
4. The total TVL on the chain is 92.85B, up 3.1% from yesterday
5. At present, the BTC market: the weekly line has weakened bulls for the first time, and the market rise has once again confirmed the weakening, and the large cycle (more than 4H) is short. At present, the 4H short position is weakened, and at the end, the 1H long position, BTC rose to the 4H pressure level of 63100 yesterday, and the highest was 63333. This position basically blew up all the short futures above 10x near 57000. At this time, it is a pressure level. In the short term, there is not much room above, and there is resistance at 63888.
Intraday direction: sideways, range oscillation. 61600-63000
Intraday pressure level: 63542, 63871
Intraday support level: 62368, 61793
