Strategist Market Analysis (Issue 147)
Clearing Chart: The market has been in continuous decline for the past few days, and the long liquidity has been completely cleared.
Bearish liquidity is accumulating above.
Today's market is clearing the shorts, with prices at 98300/98800.
Bitcoin K-line: Last night, Bitcoin and altcoins made a standard entity double test, with Bitcoin's lowest price at 94265, not breaking the previous low of 94000, followed by a price rebound to a maximum of 97600.
From the current perspective, after a few days of panic decline, it seems to have temporarily come to an end, with prices starting to rebound from the bottom. The upward channel has not been broken, still bullish.
94000 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 mindset at all; basically, all ETFs have no selling pressure, with very little outflow. Fidelity has also followed BlackRock's lead and increased purchasing力度.
Many people see the market collapsing; in the short term, there are fluctuations, but the long-term bull remains strong. As long as you are not thrown off the train, just hold on.
Ethereum ETF: Even stronger; as the market continues to decline, institutions are frantically picking up chips!!
Ethereum's trading volume saw a net inflow of 300 million USD yesterday, with Bitcoin having a market cap of 2 trillion, and Ethereum at 440 billion, a difference of 4.6 times, with trading volumes very close.
The important question is that no institutions are selling Ethereum; they are just buying, and there is no shortage of inflows for upward movement. 4100 is a critical point; once the profit-taking below ends, Ethereum will enter the next unilateral trend aimed at 4800/5000.
Spot trading is always brainlessly bought more and more as it falls, while contract operations are too difficult (desire + leverage); 99% of participants will eventually go to zero. Be cautious, even more cautious.
