24/06/05BTC breaks through 70,000, UK, Australia and Thailand approve spot ETFs, will altcoins have an opportunity?
Bitcoin broke through the 70288 pin high and reached 71275, while Ethereum has been fluctuating between 3700 and 3850. Bitcoin spot ETF has seen inflows for 16 consecutive days, with an inflow of 887 million on June 4th, the second highest single-day inflow since its inception, second only to 1.045 billion on March 12th.
The US dollar index has a weekly correction. When the US dollar index falls sharply is when BTC breaks through 73777, the 5-year and 10-year US Treasury bonds will continue to fall.
Market hot spots: BTC second-layer CKB, STX, STRK inscription ORDI rebounded well.
Platform coins: BNB broke through the box to a high of 716 and there is still a lot of room for it to move up to 800-1000. Ecological CAKE and BAKE will follow suit and rebound.
GAMEFI sector: ALICE and YGG have the highest growth rate, and those who want to catch up can pay attention to GALA, SAND, AXS...
Flatbread
The trend of Bitcoin is similar to what we predicted. The bottom triangle pattern on 5/20 was broken after the arc bottom + head and shoulders bottom pattern + the falling trend line was broken. If it can break through 72,000 this week, it will hit the previous high of 73,777.
Yesterday, I reminded you of the 5 reasons for being bullish, and the market also confirmed it. If the trend remains unchanged and this pattern can be successfully exited at the beginning of the month, the market this month is worth looking forward to. Once it breaks through 73777, it will quickly reach 80,000 or even 86,000. The daily MACD turning over the zero axis, DIF and DEA aerial refueling also reminded you of this potential signal.
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Ethereum is still oscillating near the lower line of the rising wedge. As long as we continue to wait for the big cake to rise, Ethereum will have a chance to catch up, and the altcoins will also have a chance to catch up. This is also a reminder on June 2 that many altcoins have the best entry opportunities. The altcoin season indicators are also facing a rebound and deserve attention.
The ETH/BTC exchange rate fell again after touching the downward trend line. It has not yet reached the support in the 0.51-0.52 area, so pay attention to rebound opportunities.
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