Table of contents:
1.BTC technical analysis;
2. An overview of the crypto market, quickly read the rise and fall of popular currencies/capital flows of sectors in the week;
3. The inflow and outflow of spot ETF funds, the inflow scale of ETH set a single-week record;
4. The BTC balance on the exchange hit a new historical low;
5. Interpretation of BTC contract and altcoin funding rates;
1.BTC technical analysis:
#BTC☀ In the past week, the market experienced large fluctuations, rising from around US$93,578 to around US$104,088 last week, setting a new record high. It then began a large-scale retracement, falling again below our previously predicted support of US$91,000, and quickly rebounded to our predicted resistance of around US$101,500. This week, it started to pull back again to around US$94,150, and the overall rhythm was relatively consistent with that of the US stock market.