This week, the ETF injected 2.5 billion, and the price of Bitcoin has been consolidating around 94,000 for a few days.. So without the ETF boost over the weekend, what will the price be??

I went out over the weekend and quickly wrote this down.

Yesterday, Bitcoin's ETF continued its net inflow status, and with the Michigan University's inflation forecast decreasing and a slight positive impact from the consumer index, it managed to touch 95,800..

However, despite the continuous inflow of ETFs, the price has not further broken through the range of 95,000-98,000, which is a resistance area..

At the same time, the CVD for spot trading has been generally declining, dominated by selling pressure..

With the absence of ETF support over the weekend.. if selling pressure continues to dominate, one might consider a pullback for a long position...

Currently, the order book has shifted from a bearish bias since the 22nd to a balanced long-short situation.. However, no bullish signals have appeared yet; it is estimated that the market will not have a desire for long positions until further declines are anticipated...

In the order flow, there has been medium-sized short selling pressure since last night, which has not been executed (See Figure 2)

For long positions, the area is categorized from aggressive to conservative, as shown in Figure 1. Aggressive entry points for a small rebound, and conservative entry points for a larger pattern..