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2 days from the Bitcoin Halving countdown, encryption market volatility intensified, the lowest fall in the early morning of Bitcoin to 59,600, Ethereum fell below the 3,000 mark, the entire alts market is even more chicken feathers, at the moment the market sentiment is sluggish, very long people have doubts about the Bull Market, especially Bitcoin Spot ETF once again there was a net outflow, and BlackRock outflow for the first time, yesterday （April 17） BlackRock IBIT outflow of $7 million, yesterday grayscale Bitcoin Spot ETF outflow of $133 million. ARK Invest issuance‘s Bitcoin Spot ETF ARKB had a net outflow of $42.7 million. In addition, there was a net outflow of $183.1 million Bitcoin Spot ETF. The emergence of these phenomena will have a certain negative impact on the market.
It really responded to that sentence, Halving - Halving the coin price - Halving the balance of retail investors. Originally, I thought that I could get out of a wave of upward pump yesterday, but in the end it went down, why did it break 60,000 fall, because the market approached the 60,000 mark several times ago, and there was a strong technical buying market, which promoted the rapid Rebound of BTC. However, when the number of times the market has tested the support level above 60,000 long, and the technical bargain buying near 60,000 is finally exhausted, it is equivalent to saying that those who want to enter the market near 60,000 have entered the market and enter a position, and the remaining question is who will pump. Often at this time, the market needs to clean some people to get off the car and travel lightly in order to go further. Looking at the disk again, the four-hour level looks at the market rhythmically and falls five waves, the more you get to this time, the more you have to calm down!
Bitcoin current price 62150 price position nearby, overnight violent break near the 60000 mark, the current short-term, is an obvious yin and yang structure, but the current situation is not obvious enough, first of all, the upper should pay attention to the short-term suppression near 62800, and then the weekly opening price near 64000 to focus on, there is currently neither a clear general trend longing, nor a clear general trend shorter, the price has rising in the short term, but there will also be corresponding suppression! BTC 62800 focus on it!
Ethereum stepped back at 2910 at midnight to break through the 3000 first-line mark, and the current rebound is volatile around 3020, and the short-term several times below the 3000 mark have not stabilized, and continue to pay attention to this stabilization during the day. The four-hour short-term continued to refresh the low, and the shorts are also more obvious from the morphological point of view, but the way of moving is more circuitous, and the downward probe is accompanied by a certain recovery rather than a unilateral downward probe. Therefore, it is not easy to chase the short too much, continue to maintain the high-short idea, and put the intraday defense in the 3050 area, and the intraday or long to see less movement to determine the intraday shock range, and the focus is still on the evening session. The hourly chart is currently in a rebound correction, but the shorts are not easy to see too much, and it is currently nearing the end.
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