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Good evening,everyone! I am your Da Bin teacher!
Today's market situation is not difficult to analyze, but it is particularly tiring to analyze. The main reason is that there are too many events today, mainly Trump's speech at the signing ceremony of the bill. I didn't expect him to speak so well, covering a lot of content, including trade relations with China. I think we can reach a consensus soon, and I also talked about our grievances with Musk. I think Musk still likes him after all
When it comes to the Middle East issue, I didn't even forget to choreograph Powell. In addition to Trump's speech, PPI data was released today, which is still better than expected, and slightly boosted market sentiment. However, these data will not help monetary policy when tariffs have not been fully implemented. The implementation of customs duties may still face setbacks, and today Besant is also hinting that the suspension of tariffs may be longer. Overall, the focus of the recent decline early this morning has been on geopolitical conflicts, which have yet to be resolved. However, the market has already begun to anticipate this, and the positive news of Sino US trade and PPI, as well as the reconciliation between Sichuan and Malaysia, are all information that will drive the market to turn around. Currently, the bullish and bearish sentiment is still quite intense, so it is best to be careful first. With so many things erupting in a concentrated manner, it is the most difficult to determine the direction. It is better to wait and see for now.
Looking back at the data of BTC, there have been a lot of turnover in the past 24 hours. Due to the complexity of the information, there are significant signs of short-term profit and loss making investors leaving, especially short-term loss making investors who have left more frequently. However, the overall changes are not significant and we need to wait for further changes in the situation. Currently, there are no positive or negative factors in the market that can change the situation. The range of $93000 to $98000 is still the most stable support level at present, and the price fluctuation is relatively low, almost not involving this position. The range of $100000 to $105000 is not stable, and if there is an event, there will be a more obvious turnover, which will slightly increase the pressure on the price.
The data of spot ETFs yesterday was still lukewarm. Although it was a net inflow, the amount of inflow was not large. In addition, the geopolitical conflict that occurred in the second half made the current data normal. BlackRock investors bought more than 1.000 BTC, and the rest can be ignored. It is estimated that with the periodic decline in Bitcoin prices today, the data will be even worse. From recent data, it can be seen that traditional investors' interest in BTC has weakened significantly, mainly reflected in their purchasing power. However, the selling volume is not high, indicating that more investors are still in a wait-and-see attitude and have no plans to sell or sell.
Operation suggestion:
BTC 104000 long first target to see 105900 second target to see 106900
ETH 2480 long first target to watch 2560 second target to watch 2620
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
