Boring market, Bitcoin continues to fluctuate and wait for direction
1. $BTC The fluctuation within one day did not exceed 800 US dollars. This market is really boring. From the K-line indicator, the 4-hour trend is a callback, and the 12-hour and daily levels are both bullish trends. Today is the anniversary of the big drop on 519, and the volatility should be stronger. Cryptocurrency is no longer an independent market, and is increasingly affected by the global market. High leverage should be careful of the death spiral time of 312 519.
2. Bloomberg: Many fund companies are ready for the US SEC to reject the Ethereum ETF. These fund companies revealed that they have had private dialogues with the US SEC and feel that the attitude of the regulator is quite different from the approval of the spot Bitcoin ETF in January. $ETH
3. According to reports, JPMorgan analysts estimate that the production cost of BTC is currently $45,000 and $42,000 in the medium term, and predict that the price growth will be limited due to the small amount of funds flowing into the spot Bitcoin ETF in the United States and Hong Kong.
