Yesterday's prompt was empty, 4-5 thousand points, perfect harvest! !

The price is high after the announcement in the late trading. If a friend enters the market at this position, it is recommended to leave the market at a loss❗️❗️

The daily level bottoms out and the lower track position closes the positive column, then we will see a rebound in the late trading. The current quotation is around 63,300. If you are aggressive, you can go more directly, and if you are stable, you can go more near 63,000, with the target of 64,800.
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#BTC market trend analysis: Rumor has it that the market will fall below 62,000 this time?

1. Today, Good Friday, U.S. stocks and ETFs will be closed for a day, and market liquidity will become worse. Overall, it will continue to hover within the box (pictured)

2. The news in the evening has not yet landed. 68500 is a key support point. If it does not break, you can cover your position in the 68500 area.

3.#BTCyesterday’s data analysis:

aFocus on the core: Overall retail investor interest has declined in recent days. The holdings of addresses holding between 0.001 and 0.1 BTC have declined over the past few days. On the contrary, the holding addresses of 0.1-0.5 of petty bourgeoisie players have steadily increased. Retail investors basically began to be washed away by this repeated pull of the market, while petty bourgeoisie users began to build a bottom. The stock of exchanges is still decreasing.

b Institutional data: ETF net inflow yesterday was approximately US$182.8 million. Among them, BlackRock IBIT had a net inflow of US$95.1 million, FBTC had a net inflow of US$68.1 million, and Grayscale GBTC had a net outflow of US$104.9 million. The attitude of institutions is still relatively good, with continued net inflows.

Summarize:
Recently, many bloggers have told everyone through technical drawings that BTC may reach around 62,000. Of course, technical analysis can provide some clues, but it is not omnipotent. The crypto market is affected by many factors, including technical level, news level, market sentiment, regulatory policies, institutional orientation, selling pressure, etc.

Therefore, we cannot only look at technical aspects. Our view remains unchanged and does not break the 68500 support, and we are still waiting for a new high.

PS: So we are looking forward to the arrival of new highs, but at the same time, we must also make plans to prevent the risk of pin insertion.
#BTC超话

2020, when BTC hit its highest peak since 2017, Bitcoin retraced 15-20% and traded sideways for almost 4 weeks before starting a supercycle. Now here we are in 2024, which also happened when we recently reached new ATH territory. Same situation . Same pattern repeats, now fixed, super cycle is coming

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