Today's share, ETF.
The net inflow over the past week has been very large, exceeding $900 million at its peak, and has maintained for two days.
However, as the market has reached this stage, with prices nearing $100,000, some bottom-fishing funds have begun to sell off in batches, and the net inflow of ETFs shows signs of weakening.
The market shows a quick surge + narrow fluctuations to wear out, then a quick surge + narrow fluctuations.
If you preemptively bet in the right direction, you will reap the rewards, but if you bet wrong, it's stop loss...
The rhythm of the market is faster and stronger, and it fluctuates with news in the short term, such as last night’s ADP small non-farm data guiding a small market movement.
Regarding the current market outlook, one should be cautious with wave trading; Bitcoin is in the middle of a large range fluctuation, it can go up or down.
If we continue to be bullish, we need to be cautious after reaching $102,000.
If bearish, confirming a drop below $92,000 basically confirms the state of fluctuation and correction.
At this position, you can go long or short in the short term; set a stop loss above the high point of the fluctuations for shorting, and below the low point of last night's data for longing.
The probabilities of rising and falling are about the same, but only the non-farm payroll and unemployment rate on Friday may directly push the price out of the current small triangular fluctuation range; news is the current market's uncertain risk.
Of course, you can refer to the current basic data from the U.S. and last night's small non-farm data to deduce tomorrow’s data.
Therefore, tomorrow night is the most likely turning point to break out of the fluctuation.
In any case, in a fluctuating market, small positions, small stop losses, 50/50, just bet and take your hands off the buy, let the trend operate itself for the rest.
