The scalp is peeling off, and upon getting up, it turns out the long position is making money again... Continuing to update the trend of $BTC ..

This morning, after mentioning CVD bullish divergence + a bullish order book, within less than an hour, we saw this wave at 88800, followed by a sideways movement during the day..

Current situation:

1. S&P and Nasdaq futures are rising before the market opens, which can be seen as a pullback after yesterday's significant drop... Yesterday, there was a net inflow of 380 million USD into the Bitcoin ETF... This set a new high for the entire month of April, and similarly, Wall Street's money is flowing out of the US stock market and into the Bitcoin ETF... This confirms that Wall Street's funds are also choosing sides...

2. Looking at the 4-hour K-line, the chip exchange for the earlier 88K-89K range has been completed... 89K has been tested four times since March 24, forming a clearing liquidity range above... There is a trend of continuing to test back... (Figure 1)

3. From the liquidity perspective, the 7-day bearish clearing liquidity has already been acquired... On the 30-day chart, there is still half of the range between 89K and 90K that has not been touched... This part is the range above 89K mentioned in the 4-hour K-line... After this wave of acquisition, the short-term long positions have little fuel left... To continue moving upwards, we need to consolidate for a while to test some highs and allow liquidity to accumulate again... Additionally, after the liquidity spike at 86500 yesterday, today the long positions have become significantly more cautious, and the accumulated clearing liquidity for long positions below is not much... (Figure 2)

4. From the current CVD, a small bearish divergence has emerged, with prices moving sideways, CVD slightly declining, and buying pressure showing some weakness, but the degree of divergence is not large... (Figure 3)

5. Currently, the spot and contract order book data, number of positions data, etc., are extremely bearish...

In summary, there is a trend of a bearish pullback in the short term, but the stop loss at the current 88400 is relatively large... Because there is still a trend of liquidity spiking above 89000...

This is a bit tricky, as ETF funds are flowing in, but the short-term technical indicators are bearish... It’s unclear how deep the liquidity spike will go...

To be safe, one could short above 89000, with a loss threshold above 90K... It's also hard to determine the take profit, so let's set the profit-loss ratio based on the entry price at 1:1.5 to 1:2... #加密市场反弹