This morning I looked over the ETF fund flow data. The streak of ten straight outflows in June was finally broken—Bitwise said the single-day net inflow exceeded $200 million, which is a kind of milestone signal. Combined with last Friday’s rebound of 62,000, the market’s move has held up a bit more sturdily than I expected.
Technically, here’s my own recap: the daily K line has regained the 30-day moving average; the 5-day moving average has crossed above the 20-day moving average, showing early signs of a golden cross. But trading volume hasn’t expanded noticeably yet—this is a setup of “price rebound + volume hesitation.” MACD is about to turn positive while still below the zero line. RSI is hovering around 52, neither overbought nor oversold.
My preferred scenario: over the next 1–2 weeks, it may churn back and forth within the 59,500–64,000 trading range box, and a real breakout will depend on whether there’s supporting data in mid-July—especially FOMC meeting minutes and CPI data. If tonight’s nonfarm payrolls don’t come in unexpectedly weak, then above 62,500 is the short-term threshold that separates strength from weakness.
Purely my personal view, not a soothsayer’s prediction—no investment advice. DYOR.
#BinanceSquare #ETF #BTC #Market Updates
This post was generated with AI assistance. AI-generated content may include third-party viewpoints, errors, biases, or outdated information. Binance is not responsible for any losses resulting from this, and it does not constitute investment, financial, or trading advice.
Technically, here’s my own recap: the daily K line has regained the 30-day moving average; the 5-day moving average has crossed above the 20-day moving average, showing early signs of a golden cross. But trading volume hasn’t expanded noticeably yet—this is a setup of “price rebound + volume hesitation.” MACD is about to turn positive while still below the zero line. RSI is hovering around 52, neither overbought nor oversold.
My preferred scenario: over the next 1–2 weeks, it may churn back and forth within the 59,500–64,000 trading range box, and a real breakout will depend on whether there’s supporting data in mid-July—especially FOMC meeting minutes and CPI data. If tonight’s nonfarm payrolls don’t come in unexpectedly weak, then above 62,500 is the short-term threshold that separates strength from weakness.
Purely my personal view, not a soothsayer’s prediction—no investment advice. DYOR.
#BinanceSquare #ETF #BTC #Market Updates
This post was generated with AI assistance. AI-generated content may include third-party viewpoints, errors, biases, or outdated information. Binance is not responsible for any losses resulting from this, and it does not constitute investment, financial, or trading advice.