Web3 Daily Report NO.073｜May 31
1. $BTC spot ETF. May 30 BTC ETF net inflow, inflow amount of 48.71 million US dollars
2. Sentiment index, FGI, 73
3. On-chain #TVL Total 106.28B, down 0.16% in 24 hours
4.
The market is returning. From the weekly line,
⚠️Weekly bullish market: Since its launch on November 20, 2023, there has been a weakening of bulls on April 29, 2024. It lasted for 27 cycles and 189 days, with a maximum increase of 92%. Currently, the weekly line is in a bullish state.
⚠️ Daily bullish market,
① October 23, 2023 ~ January 24, 2024, lasted 92 cycles, 92 days, the highest increase was 65%
② February 14, 2024 ~ April 24, 2024, lasted 70 cycles, 70 days, the highest increase was 50%
The daily bullish market has two decreasing increases, and the time cycle is also decreasing;
Currently, the daily line is in a bearish state, adjusting, and the short-term is still a daily cycle oscillation (short), even if a daily bullish market is formed, it may still be relatively weak.
⚠️Current BTC market:
1D cycle, bears continue to weaken, 12H, bulls change in strength, 6H, bulls weaken, and a selling point has appeared (spot selling), 4H, bears strengthen, and there is a high probability that a clear bearish signal will be confirmed within the day. Judging from the market, the buying point is around 61911-59200
Intraday direction: #空头 direction
Intraday pressure level: 68510, 68799
Intraday support level: 67441, 66053
