5.15 Bitcoin Consolidation and Surge, Ethereum Violently Rises to 2800, Is the Bear Market Coming to an End?
After analyzing BTC's data, I have expectations for ETH's data, and in fact, it turned out to be worse than I anticipated. The disconnect between ETF investors and spot investors is more apparent here. Fortunately, BTC still has BlackRock's investors continuing to buy, while for ETH, aside from institutions in Hong Kong, there has been no net inflow. Of course, outflows are not significant either; only Grayscale and Fidelity are seeing net outflows, while the rest are at zero. This data also tells us that although the prices of BTC and ETH have risen nicely, traditional investors seem to have little interest in spot ETFs. Although the actual selling volume is not large, most investors are still maintaining a wait-and-see attitude, but the buying volume is indeed too low. If we only look at the ETF data, we would never think that the current spot price is rising so well. ETH's recent performance has been quite good, but our BTC is somewhat disappointing. In the past 12 hours, major orders show a net inflow of 26.16 million, with a total buying amount of 187 million and a buying/selling ratio of 1.16:1, clearly indicating a bullish sentiment. Especially at 19:37 and 21:21, there were two consecutive large purchases by major players, exceeding 44 million, showing strong support. Combined with the current candlestick pattern, the red three soldiers stacked on an EMA golden cross further validates that the upward trend is likely to continue. In the 1-hour cycle, the price has stabilized above the EMA24 and EMA52 moving averages. Although trading volume has shrunk, major funds continue to flow in, possibly preparing for a breakout.
Operational Suggestions:
BTC buy on pullback to 102000, first target at 104000, second target at 106000.
ETH buy on pullback to 2530, first target at 2650, second target at 2800.