CPI a bit lower than expected. High volatility is to be expected, fasten your seatbelts.
CPI a bit lower than expected. High volatility is to be expected, fasten your seatbelts.
Bitcoin testing its 4H 200MA/EMA again which have held the price down so many times now. This is expected to be rejected again. We are just 8 days from the first ETH ETF fillings.
Also CPI & Retail Sales report in 15 minutes.
Let's see what we get today!
Crypto Daily RSI Heatmap showing a big decline across the board.
The average RSI now sitting at just ~40 which is nearing the weak/oversold region.
Yesterday’s ETF Flows came in at +$100.5M.
No numbers like before but we did get 2 positive net flow days this week.
Meme coins pumping again. This cycle has been so far very narrative driven.
What do you think, which will be the next crypto narrative.
Yesterday’s ETF Flows came in at -$84.7M.
The week ended with a net flow of +$116.8M
IBIT saw net flows of $12.4M.
FBTC saw net flows of $5.3M.
GBTC saw net flows of -$103M.
Price-wise we remain stuck in a tight range Yesterday, we saw a drop from $64k to $61k. We believe that ETF holders sold some of their BTC because of fear of a bloody weekend. Coinbase Premium also shows us that the U.S. is currently not bullish about the market.
We will continue to monitor the market until a good buying opportunity occurs. The range must get broken, if we want a discount on the alts.
Have a great weekend everyone!