The BTC price is currently experiencing a weak rebound, with long positions decreasing in volume on the 1h timeframe, showing a divergence between volume and price; yesterday, the net inflow of BTC from ETF institutions was 0.81 hundred million, and the net inflow of ETH was 3 hundred million; ETF funds still tend to favor ETH.
From a long-term perspective, in a larger structure, you will find that there is actually a descending channel on the 4-hour chart that is about to break upward, but in the short term, it is highly likely to move in a broad range of fluctuations.
Intraday rebound to the 111.8k-112k level for short positions, targets 110.3k, 108.5k, 107.5k.
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.
The BTC price is currently experiencing a weak rebound, with long positions decreasing in volume on the 1h timeframe, showing a divergence between volume and price; yesterday, the net inflow of BTC from ETF institutions was 0.81 hundred million, and the net inflow of ETH was 3 hundred million; ETF funds still tend to favor ETH.
From a long-term perspective, in a larger structure, you will find that there is actually a descending channel on the 4-hour chart that is about to break upward, but in the short term, it is highly likely to move in a broad range of fluctuations.
Intraday rebound to the 111.8k-112k level for short positions, targets 110.3k, 108.5k, 107.5k.