Opinion: Bitcoin fluctuates upward, and we need to pay attention to the flow of U.S. spot Bitcoin ETF funds today

According to Twitter analyst JiaMiYing, the balance of the Bitcoin wallet on the Bitcoin exchange is: 1,724,184.22; 7-day change: -27245.57 (updated time: 2024-05-20); the reduced Bitcoin represents its reluctance to sell.
The weekly line closed a high-volume Zhongyang line, and the daily line closed a spindle line. The daily level of $btc is now at the upper track of BOLL and is currently in shock. The long-short ratio is currently at a low level. Referring to the five consecutive days of inflows of ETF funds, combined with the technical aspects, the overall trend is currently volatile and upward.
However, the focus depends on the flow of funds in the US spot Bitcoin ETF tonight to determine the real direction. During the bull market, you can just hold the currency in the long term.