Tonight, we’ll see whether the two levels 657 and 646 will be broken. If it’s pushed up, the probability of surging above 672 is very high. If it breaks below 646, then it’s downward toward around 635, and the overall trend goes down.



Yesterday, there was about 200 million in ETF selling/outflows. Today, they’ve kept selling, so BTC likely won’t be able to rise much. The sell wall is strong, but both the European and US sessions are relatively weak, so I’m still bearish tonight.

When the ETF was being sold yesterday, the market maker clearly showed they were accumulating. This morning, they sold off again, and around 648 they were building a position. I think tonight, when the ETF is used to smash the price, the market maker will continue to take in orders, and then push it up—without breaking 657—before smashing it down again.
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BitAlpaca
· 1h ago
DYOR 🤓
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