The bull market is once again in turmoil, which is a big boon for Ethereum ETFs.

Or is it on the road to US selling pressure! !

Recently, the price of BTC has fallen sharply.

The price of Bitcoin has plunged to $61,043.62, with a market value of more than $1.2 trillion.

Overall, the German government was charged with transferring about 750 bitcoins (equivalent to $46.35 million), of which 250 bitcoins worth $15.41 million were sent to cryptocurrency exchanges Bitstamp and Kraken. This has raised questions about the potential selling pressure in the market.

But after the big drop, the market has shown opposite indicators. Market dynamics and buying pressure.

Usually, an increase in buying pressure leads to higher prices, and the data provides a bullish outlook.

The network value to transaction (NVT) ratio of Bitcoin has fallen sharply in recent days, indicating that Bitcoin is currently undervalued and may rise.

In addition, Bitcoin's daily chart provides additional insights; the relative strength index (RSI) is close to the oversold area, while the Chaikin fund flow (CMF) It shows a slightly upward trend, both of which indicate a possible bullish trend.

The latest news is that Ethereum ETFs have been put on the agenda, and the US government has started selling at this time!

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Then, whether it is rolling positions or daily contracts, I have already started to implement them. The fans who followed today are still profitable

For many new fans, most people do transactions blindly, following the hot coins and the list of gains.

There is not even a psychological expectation of the callback point or the target point, just go with the flow and move forward anxiously, just like gambling on the size. I can only say that if you trade like this, you will lose a little every time, and the final result will become the fertilizer of the market and return to zero. 、

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