Good morning☀️
After the trend breakout, #Bitcoin's rise continues without slowing down.
To understand whether the rise is fake after such breakouts, we need to monitor spot CVD and ETF purchases moment by moment.
The rise is fully supported by the spot side. Especially, Coinbase purchases are at a very nice level.
On the other hand, when we check ETF inflows, we can say that significant inflows occurred simultaneously with the breakout.
In the last three months, since the falling trend began, we haven't seen such a large ETF purchase.
Seeing such large inflows concurrently with the trend breakout is extremely positive.
From every angle, the trend breakout is nicely supported and the rise looks extremely healthy. For now, we can say that the most critical resistance is in the 95-96k range.
If there is any change in the data, I will inform you instantly, friends. Wishing everyone a great day and abundant profits.