Follow the trends in the Bitcoin market. I noticed that the institutional fund flow of BTC's ETF in the past month is very similar to that of January this year, which makes me worry that history may repeat itself.
Currently, the ideal situation is for Bitcoin to maintain oscillation and consolidation within the range of 100,000 to 110,000 USD, building up strength before breaking through to around 150,000 USD, which also aligns with the expectations of medium to long-term investors.
However, the market is always full of uncertainty. If it fails to break upward after consolidation and instead falls below the support level to the range of $83,000 to $86,000, it can also be regarded as a normal trend that may occur in the market. Investors need to be prepared for both scenarios and view market fluctuations rationally.
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Follow the trends in the Bitcoin market. I noticed that the institutional fund flow of BTC's ETF in the past month is very similar to that of January this year, which makes me worry that history may repeat itself.
Currently, the ideal situation is for Bitcoin to maintain oscillation and consolidation within the range of 100,000 to 110,000 USD, building up strength before breaking through to around 150,000 USD, which also aligns with the expectations of medium to long-term investors.
However, the market is always full of uncertainty. If it fails to break upward after consolidation and instead falls below the support level to the range of $83,000 to $86,000, it can also be regarded as a normal trend that may occur in the market. Investors need to be prepared for both scenarios and view market fluctuations rationally.