Whales are frantically hoarding $37 million! $BTC Can 62510 still surge?


Brothers, BTC has stabilized above 62000.
Market news:
A whale withdrew 19,752 ETH and 100 WBTC in three days, with an average cost of 62390 for BTC, currently in profit. After 10 consecutive days of outflows, ETF net inflows reached 224 million, with institutional funds returning.
Technical analysis:
Current price 62510, has broken below the BOLL upper band 62914, MACD turned negative with a death cross signal.
Upper resistance: 62914, break above to see 63500.
Lower support: 62215, strong support at 61500.
Gongming's view:
Whale hoarding + ETF inflows are medium-term positives, but the MACD death cross suggests short-term correction pressure, so don't chase highs and wait for pullback.
Trading strategy:
Safely wait for a pullback to around 62000-62300 to go long, aggressive traders can go long around current price 62500.
Smart money entered at 62390, so we'll wait for a similar level to enter.
#ETH突破1700 #非农爆冷打压加息预期
BTC2.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned