Net outflow of 8.7 million US dollars for Ethereum spot ETF in the United States this week
According to BlockBeats, on March 29, data from Farside Investors showed that this week, the net outflow of Ethereum spot ETFs in the United States reached 8.7 million US dollars.
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Bold prediction: By the end of June, Bitcoin will surpass $110,000. [Shy]
Continue to clarify your viewpoint, the market starts to rise before the interest rate cut is confirmed, and the weekly U-shaped reversal will be established after the interest rate cut is confirmed.
That is, by the end of June, Bitcoin will surpass $110,000.
A bull market does not need to wait for news to rise; a bull market does not need to wait for a rate cut to rise; adjustments can lead to a U-turn at any time.
Only in a bear market does it temporarily surge significantly after the interest rate cut is confirmed.
Moreover, in a bear market, the surge caused by news lasts a few days and then quickly fades away.
A bull market does not need to wait for a rate cut.
The viewpoint remains: In April, the weekly line crosses the center point of the U-shaped reversal, rises in a volatile manner in May, and the weekly U-shaped reversal will be established in June.
The small bottom of 35,975,124,657 is two months away from January 13. The A-shares broke through again today, with the next resistance level at 3,500 points, and then 3,700 points.
3,500 points are the two small peaks from November and December last year, so the resistance is not strong, and the past was not difficult. The 3,700 points is an important resistance level, which corresponds to the three peaks in February, September, and November 2021, with these peaks at 3,731, 3,723, and 3,708 respectively. Figure 1
It can be said that the entire year of 2021 was spent building up this peak at 3,700 points, where there are a lot of trapped chips, but after several waves of rises in 2023 and 2024, many of these trapped chips have been digested.
On December 11 last year, I mentioned that a drop would occur for a month, and in mid-January, many V+ fans who did not buy the major bottom accurately bottomed out on January 13/14. During this year's Spring Festival, I stated that the goal after the New Year is to challenge 3,700 points, and the journey to challenge 3,700 points is still ongoing.
Will the Shanghai Composite Index surpass 3,700 points this year? Yes, it will, and we will see in the coming months, but the upward trend this year will not continue forever, and the volatility will increase in the second half of the year.
Why has there been no major volume increase after such a long rise? Volume will only increase when breaking through important positions, so there's no need to rush. Now, I will publish some long-term predictions on Weibo, key point predictions, and weekly predictions will be posted in V+, such as the full position point from September 19 last year, which was shared in V+. I hope everyone understands. In fact, long-time fans and loyal followers have long been fully invested. From February 2-6, 2024, I published numerous public Weibo posts, indicating that this is a historically significant bottom, and heavily buying at 2,635 points. The entire last year has been a layout to full investment, and from the second half of last year to now, it has been a harvest season. Friends who operated according to my Weibo should all be making profits, even those who chased me and cursed for a year last year are also making profits. Brothers and sisters who are making money, please give a thumbs up. Next, patiently wait for the bull market to gradually reach its climax.
Do you understand what I want to say? [Laughing] March is flat, April is slightly up, May gradually rises, after June there will be a big surge. After April, the macro favorable policies can be released at any time and become the detonating point. The last segment of the bull market is also the fattest segment. What you need to do now is to buy immediately, exchanging time for space, and hold for a few months. #掌握市场
Do you understand what I want to say? [Haha] March horizontal, April slightly rises, May gradually rises, June after a big surge, the timing of the macro favorable policies released after April can become a detonating point at any time. The final phase of the bull market is also the most lucrative phase; what you need to do is to buy in immediately, trading time for space, holding for a few months. #掌握市场
Panic is spreading throughout the current market. Last night, the S&P 500 essentially pierced the previous week's strong support EMA 50 and rebounded to close higher, but Bitcoin fell due to the lack of substantial news from the crypto summit.
At this moment, being bullish can easily become a laughingstock, but my subjective view remains that the bottom of 7.8 to 110,000+ offers an opportunity to escape 🙃
I see many people currently in a state of panic. After in-depth research and logical deduction from multiple sets of data, I have come to a conclusion.
Here, I will directly state the conclusion: it is currently not a bear market. The low point of the mid-term adjustment market should be near the middle track of the monthly line, with a range of 65,000 to 70,000 USD.
It will subsequently rise to a high point of 180,000 to 200,000 USD, and only after reaching this range to form a bull top will it decline into a bear market.
The above is my conclusion for the medium to long term. I have a lot of confidence in the above data, but it is currently inconvenient to publicly share the logic of rising to 180,000 to 200,000 USD to reach the peak.
The short-term judgment remains the same as a few days ago: the key position of the middle track of the speed resistance line, if it can rebound, it is a short-term escape opportunity.
Is Bitcoin really going to reach 3.8 million dollars, or is it just a dream? //@Zeyou: My words about the monumental bull market in the A-shares, in Cathie Wood's eyes, are simply a small target for a shortsighted silly mouse (SLS) compared to her Bitcoin predictions [crying][crying]
【#Cathie Wood predicts Bitcoin could reach 3.8 million dollars#】Ark Investment Management founder Cathie Wood stated at the Bitcoin Investor Day event held in New York on Friday that in a bull market scenario, the price of Bitcoin could reach 3.8 million dollars, which is over 2 million dollars higher than her previous prediction. Wood said, "Last year we predicted that in a bull market scenario, Bitcoin would reach 1.5 million dollars. The SEC has given institutions the green light, even though it was somewhat reluctant. Our analysis shows that over time, if institutional investors allocate just a little over 5% of their portfolios to Bitcoin, as we believe, this alone would add 2.3 million dollars to the prediction I just gave you." Wood also mentioned that she expects the upcoming 'halving' to have effects similar to previous events. http://t.cn/A6TLzgNu
Let's see if the United States can get out of the strange market situation of falling U.S. stocks, falling U.S. bonds, falling gold and falling Bitcoin for the first time. Personally, I think it's not surprising to get out of it, because this is the first time in the history of the United States that it has encountered an equally matched opponent.