The week's results on the crypto market and macroeconomics 📊

Bitcoin and ether

Bitcoin reached the area around $98,000 but did not start a correction, returning to the sideways. Ether also remained in the same 1750-1850 range, without a breakout. Both cryptocurrencies are now in the “bad zone” for active trading - better to use long-term strategies (DCA, HODL) 🛑📉.

ETF inflows

About $1.8 billion flowed into Bitcoin ETFs over the week - a great result in recent months 💰. Ethereum ETF recorded positive inflows for the first time in a long time - $107 million 📈.

Onchain metrics

Outflows from centralized exchanges for BTC and ETH are significant. Leverage has reached two-year highs, especially for ether - this increases the risks of sharp drops when important levels are broken ⚠️.

Macroeconomics and geopolitics

Risks of escalating conflict between India and Pakistan, as well as trade friction between China and the US remain the main drivers of 🌍🔥 volatility. TGA balance sheet is expected to decline in summer, which may affect the dynamics of risk assets 📉.

Macro statistics for the week

Important events: PMI on Monday, Fed rate decision on Wednesday (expected unchanged), initial jobless claims on Thursday 📅.

Ether Forecast

Consolidation in the 1750-1850 range, with no obvious triggers for a breakdown. Growth is possible with positive news, but in general - a bearish flag with the risk of a decline to 1650 🐻.

Bitcoin Forecast

The price has broken through $98,000, but volumes are down, there are signs of a possible correction. The key support is $94,500-95,000. Losing it could lead to a drop to $90,000 and lower to $85,000. A consolidation above $95,000 will open the way to $100,000 and higher. Trading now is risky, long term strategies are better 📉📈.