As mentioned earlier, the support and pressure positions will enter in batches, still concluding steadily. Currently, a downward channel has formed, directly testing the support area below. The market momentum is weak, but there are signs of a rebound on the 15-minute line. Recently, the situation has led to a drop in gold #Gold#, indicating a decrease in risk aversion sentiment. However, the US dollar index has slightly risen, proving that the risk aversion sentiment has not completely abandoned its defensive stance.
Recently, with the easing of geopolitical risks, some funds have flowed back. Short positions being covered will have an institutional lifting effect. Current spot ETF fund flows: BlackRock/Fidelity, etc., showing net inflows, daily scale, and cumulative positions. The short-term direction is still to test the bottom first, then rebound, and then consolidate. Recently, panic sentiment has been continuously decreasing, and net inflows have already accumulated and expanded. Years of experience in the crypto circle suggest that one should be careful not to pick the wrong side, so it’s still about securing stability.
Suggestion: Enter 40% at 68400, add at 67300, sell 80% at 71500, set 71000 for breakeven! Continue to pay attention to 74500.