#Bitcoin ETF data for Monday hasn't been released yet, but the short-term market logic remains very simple. Referring to previous analysis, it is still fluctuating within the 80,000–83,000 range.
As long as there is no effective 4-hour level breakout/breakdown and no solid hold, continue to consider it as a range-bound market. Since the price tested the 83,000 resistance again in the short term during the day, the pullback should be referenced near 80,000.
It is important to note that the support near 80,000 has been tested twice consecutively during this period, consuming some of the support buy orders. The next test requires observation of whether there is volume testing the support and an effective rebound. This is crucial for judging whether the 80,000 support is valid.
Regarding market data, compared to October 18, ignoring simple market cap ratios and trading volume for now, focus on capital flow. Overall market cap remains unchanged, USDT has a slight increase of 44 million, but USDC has a net outflow of 84 million.
Although ETF data is lacking, based on market trends and crypto capital flow, Monday's ETF funds have increased somewhat, but not significantly. If Monday's ETF net inflow is less than 100 million, the capital flow is not considered reversed. Caution is still needed. As the old saying goes, price rises and rebounds must be validated by capital data. Rebounds without capital support should be wary of false breakouts! #Institutional funds weaken, who will see the return flow first, BTC or ETH?
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