Last night, the Bitcoin ETF continued to see an inflow of about 150 Bitcoins! The oscillation repair adjustment has been completed! It's starting to rise!
From a technical indicator analysis: The MACD volume bars continue to converge! There is an indicator repair process entering a bearish cycle.
The RSI is in a flat state, and today is very crucial at the 4-hour level. If the ETF experiences a significant outflow in the evening and breaks below the support around 117500!
That would be a standard pullback wave structure!
From a market factor analysis, policy relaxation, Trump calling for interest rate cuts, stablecoin renaming, and institutions continuously inflowing, etc.
These factors are continuously driving the price up! They also provide support for Bitcoin!
In terms of operational suggestions, be cautious about chasing highs; you can go long by inserting upward spikes!