😅Just glanced at the market—BTC is back to hovering around 63,500, and bulls and bears are about to clash.😅

Tonight at 8 PM, BTC$BTC is at 63,518, while ETH$ETH is at 1,781—just pulled back from the 64,500 high.

The market right now is a bit tangled—Wintermute says this move is just a relief rebound, not the start of a new bull market. As for ETFs, they’ve been seeing net outflows of $2.73 billion this year. On the other side, a whale has accumulated 270,000 BTC near the 200-week moving average, and spot ETFs also recorded a net inflow of $266 million on the 7th. One side says there’s no money, while the other is quietly buying.

The Coinbase premium index has been negative for 50 consecutive days, and demand in the U.S. does seem weak. The NUPL indicator is also hinting that the bottom may not be in yet.

BTC at this level is pretty awkward—there’s resistance at 65,000 above, and support at 61,000 below. In a situation like this, the scariest thing is chasing rallies and selling the lows—getting hit on both sides.

Remember: before the direction is clear, preserving your firepower matters more than guessing whether it will go up or down.

Do you think this wave can hold above 64,000? See you in the comments👇

#BTC #ETH #行情分析