Today's monthly line closed without falling below the monthly line's lowest point of 59, indicating that there is still a strong willingness to buy support nearby. The American ETF chips are basically in the range of 40,000-60,000, which is the position indicated by the arrow on the figure. The main institutional buyers' buying cost is roughly around 25,000. So first we have to see whether the price can rebound above the upper monthly line entity support of 61 before we can confirm that it is a short-term adjustment. If it falls below the monthly line's lowest point of 59, then it is regarded as an adjustment of the monthly line cycle signal. We must first draw support for the opening price of the most recent monthly line and the middle part of the entity, which are 42,000 and 52,000 respectively. If it falls below 59,000, the price will definitely test whether the support at 52,000 is effective. We can also make decisions in time after the price adjustment is effective. I think the reasons for this decline are 1. market panic about the Fed's macro monetary decision on May 2; 2. market sentiment is relatively low, expectations for Hong Kong ETFs are insufficient, and expectations for CZ's trial are insufficient; 3. liquidity is not strong. BlackRock, as an ETF bull, has not obtained liquidity for 4 consecutive days. Therefore, it is predicted that the May monthly line will be roughly the same as the wave after the ETF was passed in January, and it will form a cross star. Don't panic now, and wait patiently for the shoe to drop on May 2. It will still rebound. Let's see if today's price can be maintained around 61,000. Give priority to RWA leader ONDO, Depin leader HNT, Ethereum killer SOL, and if you have very small funds, pay attention to MEME leader PEPE #减半后的资金流向 #BTC回调才会更好的上涨