Bitcoin Market Analysis

With only about 3 days left until the Bitcoin block reward halving, inflation remains persistent, as hinted by Powell in his speech last night, suggesting a delay in interest rate cuts. The market is gradually digesting this information. After weeks of heavy buying, the flow of spot Bitcoin ETFs has slowed down. Only Belld's IBIT, under BlackRock, continues to maintain consecutive daily positive fund inflows. The bullish factors for Bitcoin ETFs are also gradually being digested, returning to normal. Recently, altcoins have experienced the most significant decline, indicating a return to mainstream trends.

Chart Trend📈📈📈

The 1-hour chart indicates strong support at 60000, with repeated tests not breaking it. After a rebound, there's a potential bullish divergence signaling a move towards 66000-67000, followed by a pullback to 63000 and another bounce, suggesting a trend reversal and possibly the end of the recent sell-off phase.

Trading Tips💡💡

To ensure profitability without any surprises, it is necessary to establish strict trading principles and discipline, and adhere to them rigorously. This will turn principles and discipline into trading habits, making stable profits a natural outcome.