On the daily line of #比特币市值排名 , after rebounding and touching the 95000 line, a short-term signal has appeared. Although this round of increase has been significant in both space and strength, in terms of sustainability, whether linked to the US stock market or gold, currently there are not enough conditions for a direct breakthrough of new highs. For the overall risk market, liquidity constraints still exist. In the short term, the recent net inflow of BTC spot ETF funds continues to increase, and the total market value of stablecoins is also rising. However, alongside high-level profit-taking, the upward momentum is weakening. Simultaneously, in terms of technical indicators, the MACD is at a high level in a bullish cycle, and the RSI is showing overbought conditions. There is still an expectation for a pullback to repair indicators in the short term. On the 4-hour line, the candlestick has been oscillating downwards with consecutive bearish days, and the auxiliary indicators have formed a dead cross at high levels. The EMA 7-day line is also declining. There is still a risk of a pullback and adjustment in the short term, while we must also be cautious of a potential 'door opening' market. Therefore, in the short-term strategy, in the absence of clear confirmation of support, continue to approach the short-term with a high short strategy!
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