According to BlockBeats, Bernstein analysts predict a "short-term pause" in the inflow of Bitcoin ETF funds, but remain optimistic about the future of Bitcoin, expecting the target inflow of Bitcoin ETF funds to reach $150,000 by the end of 2025. They believe that this pause will precede the arrival of a bull market because Bitcoin needs time to become widely accepted as a portfolio allocation and platforms need time to establish compliant frameworks for ETF products. The report also emphasizes that the net inflow of spot Bitcoin ETFs has been $12 billion to date and highlights the healthy condition of top Bitcoin miners after the halving, with market consolidation and trading fees stabilizing at around 10% of miners' income.
Market analysis:
BTC: Looking at the 4-hour chart, the price has fallen to near the lower Bollinger Band, indicating continued weakness in the trend.
On the daily chart, the price has broken below the moving average support, with no price support moving average below, indicating a weak market.
In summary, the support level is 62100, and the resistance level is 62500.
ETH: Looking at the 4-hour chart, the price has fallen below the middle Bollinger Band, indicating a weak trend, with support at 3150 and resistance at 3180.
LTC: The price has retraced to the lower Bollinger Band and rebounded, with a stable and oscillating trend, with support at 81 and resistance at 85.
BCH: The price has fallen to near the lower Bollinger Band, indicating a weak trend, with support at 440 and resistance at 470.
AVAX: The price reaching around 30 is still a good trading opportunity.
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