$BTC Yesterday, the ETF experienced an outflow state, with an inflow of 380 million on the 25th and an outflow of 380 million on the 28th, leading to the drop last night. After that, bulls quickly regrouped and pushed back to the price before the drop. The pressure at 95,500 remains the strongest, with many large sell orders placed here.

$BTC The bullish gathering of strength is very strong. This morning's drop made me think it would directly fill the CME gap (93400-91800), but it quickly recovered at the edge of the 1-hour channel with an increase in CVD position. With the upcoming 'May Day' holiday and the 2049 meeting, it is difficult to determine whether we are in a consolidation phase in the short term. However, I personally believe that the consolidation action is not happening that quickly. The current rise is merely the market digesting emotional factors. After I closed my short position this morning, I did not reverse to go long. Most altcoins have followed the market to recover the prices before the drop.

Since I haven't entered the market, I will wait for a better opportunity. Let's see if the price sustains its rise after 4 PM this afternoon. If it does, I might chase a long position to speculate on the rise when the US stock market opens tonight. If it doesn't, I'll observe how the market moves. There are opportunities in the market at all times; do not make wrong decisions at the wrong time.