Good morning friends☀️

#BitcoinETF inflows hit a new record and we saw $870 million net inflows yesterday alone.

This inflow was the highest we have seen since the ETF started trading. Despite the price being almost at ATH, it is extremely positive that inflows continue in this manner.

With these purchases, the downtrend that has been going on for 8 months has been broken.

The closing was voluminous and was above the wick area of ​​the last peak. In other words, an extremely good closing took place and the downtrend has now been clearly broken.

In addition, the RSI made a new peak and rose above resistance, but it seems too early to say that the RSI resistance has been clearly broken.

Other data generally remains positive.

🔹 Whale activity is around +22 and this value is extremely positive.

🔹 Funding rates are at normal levels, despite the increase, no serious long pressure has occurred yet.

🔹 Short liquidations are being cleared. This data can also be interpreted positively as it will encourage the masses who have been used to making easy money by opening shorts for 8 months to turn to longs.

🔸The only negative data is Coinbase sales. As of now, the total sales have reached $220 million. Of course, it is not a serious amount, even ETF investors have bought 4 times this sales during the day. Therefore, Coinbase sales do not cause any concern at the moment.

We can sometimes see a throwback after a trend break. In other words, the price may pull back to the trend resistance and make this level support.

In this process, pullbacks up to $68,000, which is the trend support, can be considered normal and the current outlook, where the $68k support is maintained, will continue to remain positive.

I think the current data is positive and with this break, Bitcoin can easily reach the $90-100k range.

If there is any change in the data, I will inform you instantly, friends.I wish everyone a nice day and good luck.