BTC ETF net inflows drop sharply, market sideways may be an opportunity to buy low
Yesterday, the net inflow of BTC ETF decreased significantly, only $135.6m. At the same time, BTC price rose to near 50K, but it is still some way away from 60K. The market shows signs of going sideways and is temporarily difficult to break through.
BTC's current position is subtle, breaking above 50K, but it faces resistance of 60K. This position may become an opportunity for the market to wait and see and trade sideways. After all, in a bull market, prices often need to breathe and consolidate before they can better usher in the next wave of gains.
Sideways trading also provides investors with bargain-hunting opportunities. When the market is uncertain, it is a rational choice to wait and see and wait for better entry opportunities. The performance of BTC may become a benchmark for the entire crypto market. Investors should pay close attention to market trends and make wise decisions.
