【Black Golden (BG) 0422 Daily Report】
BTC has undergone its halving, marking a significant milestone and a major positive development. Despite the weekend halving, BTC faced resistance around 65,500. Retail investors remain torn between fear and greed, waiting to see how institutions in the US stock market respond. While there's a possibility of testing 62,000, the broader trend is set, and the halving bubble has largely dissipated. We are now waiting for the next upward move.
Global BTC 10:00 (GMT+8)
(AI Little Black)
Futures long-short ratio: 51%:49% (Bulls and bears are still clashing, making the weekend intense.)
Spot buying-selling ratio: 49%:51% (Insufficient weekend data to determine a trend.)
BTC: Both runes and inscriptions are beneficial additions to the BTC ecosystem. It is recommended to participate appropriately. And adding BTC positions at lower levels remains advisable.
ETH: ETH continues to suppress the overall market, and there has been significant turnover around 3,100, reflecting the current state of retail investors. Building a base around 3,000 is relatively strong, but if you have extra funds, consider investing in BTC instead.
This week, guess the ETH closing price.
Watch for movements in the US stock market and keep an eye on institutional actions, particularly the status of ETFs.
