BTCÐ Market Commentary:
1) Yesterday, institutional net inflow into BTC from ETFs was 219 million, and for ETH it was 440 million. It's somewhat unusual that ETFs are buying during a downturn;
2) On the four-hour level, BTC bullish momentum remains weak, while bearish momentum stays moderate, with bears continuing to pressure bulls; ETH shows signs of a counterattack, but will be dragged down by BTC;
3) The weekly downtrend for BTC will not be easily changed, with the downward adjustment only having completed one-quarter, continuing to maintain a bearish outlook.
