This week, Bitcoin's technical flow has improved, but short-term uncertainty still exists, and whether fund inflows continue will determine future movements, analyzed cryptocurrency financial service provider BIT (formerly Matrixport). BIT explained, "BTC is currently rebounding near major support levels, and buy signals are appearing in indicators such as the Relative Strength Index (RSI) and MACD. However, trading volume is still insufficient, and breaking above the 200-day moving average (MA) on a daily basis appears to be crucial. While spot ETF inflows continue and there are signs of increased fund inflows from institutional investors, short-term profit-taking may occur. For now, it is efficient to observe and confirm a breakthrough of major resistance levels. In the mid-to-long term, buying can be considered by monitoring improvements in technical indicators and fund inflow trends."
