Gold Is Still In A Bullish Trend & POSSIBILITIES Of The CONTINUATION Is HIGH
Bitcoin is below EMA50 and EMA200 on the four-hour chart and is in a descending channel. An upward correction of Bitcoin and positioning within the upper limit of the channel will allow us to resell. It should be noted that due to the movement of market whales, there may be sharp fluctuations and shadows, and money management in the cryptocurrency market will become more important. If the downward trend continues, we can buy within the demand range. In the past trading week, the outflow of funds from spot Bitcoin ETFs was $651 million, breaking the record of consecutive weekly inflows in the United States. Similarly, the outflow of funds from the US spot Ethereum ETF was only $26 million, reflecting a nearly neutral trend in the field.
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