Good Saturday morning.



Today’s analysis of BTC and ETH market:
Fundamentals continue to face bearish pressure, with spot ETF funds seeing continuous large outflows.
The expected reduction in MicroStrategy’s holdings, combined with high U.S. Treasury yields, has driven risk-averse capital to flee the crypto market, with the fear index deep in the fear zone. Over the past 24 hours, long-position liquidations have dominated across the entire network, and bullish sentiment remains weak.

On the technical side, the 4-hour moving averages are forming a complete resistance level. The MACD bearish momentum has slightly eased but has not yet formed a golden cross reversal pattern. Every short-term rebound is met with selling pressure.

Short-term trading strategy: Focus on shorting bounces; strictly avoid buying the dip against the trend. #BTC
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GateUser-9d67589f
· 07-04 05:52
MACD has not formed a golden cross, so indeed we can't rush. However, if ETF outflows slow down, there might be a weak rebound. Keep an eye on the 2200 resistance level.
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GateUser-fa21463f
· 07-04 04:21
Just go for it 👊
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FogValleyBlueLake
· 07-04 04:10
The shorting idea is fine, in the current market sentiment catching the bottom is like catching a falling knife, wait for stabilization signals before acting.
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