Click on the link to enter the meeting: https://meeting.tencent.com/dm/L1CrUCgvqNKE
Brothers, tonight at 10 o'clock, start broadcasting on time.
BTC successfully broke through 66000 in the afternoon, setting a new high in nearly a month. This also means that the wide range of fluctuations in the previous half month has been successfully broken through. The strong pressure level above is 66800-67000 (the high point of the previous daily rebound, which is also the position of the 4-hour Vegas long-term channel). The performance of Er Bing remains strong, and the price is currently challenging the 1950 pressure level again. If it successfully stabilizes and breaks through the 2000 mark, it may be in the short term.
[Key Details]
Firstly, the ETF has had a net inflow of over 1.2 billion US dollars for seven consecutive days. Yesterday, there was a net inflow of 226.8 million yuan in a single day, with BlackRock IBIT alone receiving 116.5 million yuan. The large wallet has increased its holdings of 66700 BTC in the past 60 days, achieving the strongest fundraising speed since February. Institutions have been buying around 65000, which is the biggest trump card for bulls.
Secondly, emotions have not kept up with the price. The fear index is 25, still in the 'fear' range. The price has risen by almost 10%, and the sentiment is still at freezing point - this divergence is either a precursor to a reversal or a trap for attracting more investors.
The three drivers of the variable disc drive
One is the FOMC at the end of the month. On July 29-30, the Federal Reserve will hold a meeting, and there is a 93% probability that the market pricing will remain unchanged. But if Walsh releases an eagle, the direction will be downwards; If the pigeon is biased, the conditions for upward breakthrough are all met.
The second is that the volatility has been compressed to its limit. Once out of direction, there is a fluctuation of 10% -20% level.
Thirdly, the continuous inflow of ETFs is changing the chip structure. For seven consecutive days, there has been a net inflow of 1.2 billion yuan. Although there was a cumulative outflow of 4.5 billion yuan in June, the direction has changed.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
