Today's homework is a bit complicated. The complexity does not come from the fluctuations in BTC prices. After temporarily breaking through $68,000, BTC's price still maintains slight oscillations, which is normal. If we follow our reasoning, this rise in #BTC is related to BlackRock's financial report. Today, the upward momentum of BlackRock's stock is gradually decreasing, and investor sentiment has begun to stabilize. If tomorrow's spot ETF purchase data declines, it indicates that this prediction is correct, and investors have ended their FOMO buying.

In fact, the closer we get to the $70,000 mark, the greater the pressure on BTC. At this time, the selling pressure will be even higher, so let's wait and see. After all, there are currently no sustained positive factors, and it's hard to say where it can continue to rise. However, if it is indeed due to BlackRock's financial report, then it may become quite difficult moving forward.

The complexity today mainly comes from the on-chain turnover of BTC. Today's turnover is more than double that of the past, with a large number of short-term holders of BTC changing addresses. However, most of these chips are not related to the inflow and outflow of exchanges; it is very likely an internal transfer within the exchanges. Notably, around the $20,000 cost level, about 10,000 BTC were transferred, which complicates the data. Let's wait and see what happens tomorrow.

Some may wonder if Elon Musk's 70,000 BTC is driving this. It's hard to say for sure, but today there are more than 70,000 BTC in unusual activity, so it's difficult to make a definitive conclusion. Let's wait and see.

From the support level perspective, the range from $64,000 to $69,000 is still very stable. The current turnover of chips mainly consists of short-term chips, and there hasn't been a fear of heights triggered by the price increase yet, but it's hard to say once it exceeds $70,000.

Data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。