#BTC Callback negative factors.
1. Powell's attitude is tough, responding that Trump has no right to dismiss him (previously, the market believed Powell would step down).
2. In 2014, Bitcoin whales sold off.
3. Bitcoin ETF, after a month of net inflow, has rarely seen three days of outflow.
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Doug's opinion:
Regardless of the original market conditions, setting aside the news, it currently belongs to a healthy correction.
Pay more attention to Bitcoin ETF.
If there is a continuous net outflow later, it can basically be determined that the market is bearish.
If there is still a significant inflow later,
it indicates that the market's main force is choosing to clear the lower liquidity.
