Back to the #Bitcoin market, forgive me for laughing a bit, this trend looks like a day of "bulls and bears calling each other fools"
Looking at the market, there was a rebound near 80,000 after a pullback, and the hourly rebound is indeed quite good; overall market confidence is still there in the short term
However, looking at the rebound, the short-term return to the 4-hour MA200 trendline is still somewhat resisted, and even if it breaks through, there is still the 4-hour MA120 at 83,800 as resistance. If the MA120-MA200 range is not broken, the market will remain in consolidation
Given the current situation, to break out of the consolidation, the price must at least break through and hold above 84,000 in the short term to be considered qualified; otherwise, returning to the consolidation range is more likely. #BTC spot ETF sees net outflow again, can institutional buying recover?
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