Strategic Analysis (Issue 147)
Clearing Chart: In recent days, there has been a continuous decline, and the liquidity of the bulls has been completely cleared.
The liquidity of the bears is accumulating above.
Today, the market is clearing the bears upwards, with prices at 98300/98800.
Bitcoin K-line: Last night, Bitcoin and altcoins conducted a standard double test, with Bitcoin's lowest price at 94265, not breaking the previous low of 94000, followed by a rebound to a maximum price of 97600.
From the current perspective, after a few days of panic selling, it seems to have temporarily come to an end, and prices are beginning to rebound from the bottom. The upward oscillation channel has not been broken, and the outlook remains bullish.
The 94000 level has withstood the test; as long as it does not break a new low, continue to buy on dips.
Bitcoin ETF: Regardless of how the market rises or falls, institutions remain steadfast, continuously buying. Short-term fluctuations do not affect their mentality at all; basically, there are no sell orders for ETFs, and very little outflow. Fidelity is also following BlackRock's lead, increasing their purchasing efforts.
Many people are watching the market collapse, and while there are short-term fluctuations, the long-term bull market remains strong.
As long as you don't get shaken off, just hold on.
Ethereum ETF: Even stronger, as the market continues to decline, institutions are frantically picking up chips!!
Yesterday, Ethereum's trading volume saw a net inflow of 300 million USD, while Bitcoin has a market capitalization of 2 trillion, and Ethereum is 440 billion USD, with a market cap difference of 4.6 times, and trading volumes are very close.
The important question is that no one at the institutions is selling Ethereum; they are just buying, buying, buying, with no shortage of inflows for price increases. The 4100 level is a hurdle, and as the profit-taking below ends, Ethereum will embark on another wave of unidirectional market aiming for 4800/5000.
Spot trading always buys more as it falls, mindlessly buying, while contract trading is too difficult (desire + leverage). 99% of players will eventually end up at zero; be cautious, be very cautious.
