Bitcoin: Rebound or reversal? New market trends indicate that the bull market will continue!
In the financial storm on Friday, we saw a ray of light in the Bitcoin market. The change in macro data, especially the employment data that was seriously below expectations, brought a double interpretation to the market. This not only means that the current economic trend is weak, but it is also likely that the US government has made an expected adjustment for the upcoming election-liquidity is about to increase significantly. Against this background, investors should undoubtedly start to look forward to a new high for Bitcoin.
Even more exciting is that last Friday, there was a major change in the flow of funds in the US Bitcoin ETF. For the first time since its opening, Grayscale ETF has seen a net inflow for the first time since its opening, and many ETFs have simultaneously shown a comprehensive net inflow trend. This is undoubtedly a signal that the capital market is extremely optimistic about future liquidity and the market is firmly optimistic about the future trend of Bitcoin.
With the opening of the US stock market tomorrow night, this trend of capital inflow is expected to continue. Before any new negative data emerges, the market seems likely to continue its strength. The rapid rise of Bitcoin on Friday and its stable performance in the following two days show that the market is not under great selling pressure. This provides us with sufficient confidence that Bitcoin's trend is expected to continue to improve next week.
From the perspective of the monthly line, the decline in April was relatively small, which provides the possibility of a monthly line in May to wrap up. Once successful, the current bull market will undoubtedly continue. The weekly line's large-volume single-needle bottoming out shows that demand is still strong and exceeds supply. Both the K-line trend and the macro level indicate that Bitcoin will continue to be strong.
Although the overall money-making effect of the market is not yet obvious, the continued rise of Bitcoin is undoubtedly more attractive to us than the decline. Before there are new hot spots and narratives, MEME coins may still be the main line of the market. Whether it is PEPE and FLOKI on the ETH chain, or WIF and BONK on the SOL chain, they are all worthy of our attention. Of course, for the so-called "earth dog MEME" on the chain, we still need to be cautious and do our own research.
In short, the latest trends in the Bitcoin market provide us with a clear signal: the rebound may be turning into a reversal, and the bull market seems to be continuing.Now, it is time to appropriately increase our risk appetite and welcome a new round of gains in the Bitcoin market!
