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Recently, looking at the flow of funds in US ETFs, a lot of money indeed entered last week, exceeding $400 million. It sounds quite encouraging, but if you ask me, it's just surface-level. Those who truly understand the market will notice that the technicals have already quietly shifted.
On one side, retail investors are chasing highs, while on the other side, whales are quietly accumulating. This contrast often indicates that the market may be brewing a change. I’ve looked at many hourly charts and feel something is off. After the big drop on the 10th, the price temporarily stabilized in the 170–180 range, even forming a relative low, but the upward momentum is clearly lacking. Without confirmation of a higher high, a symmetrical triangle has gradually formed—this pattern is usually not a reversal signal but more like a consolidation.
From the OBV and MFI indicators, funds have been slowly flowing out, and the MFI has never returned to the 50 midline. This suggests that selling pressure has never truly eased; it’s just a temporary breather. As a result, the 168.8 support line couldn’t hold, and the next support level depends on whether the July low around 156 can withstand the pressure.
A special reminder for beginners: don’t be led by purely positive news. In the crypto world, news and technicals often conflict, and focusing on only one can lead to losses. This is a typical example—fund flow data looks good, but the price structure has already weakened, and rushing into the market will likely result in being trapped.
Currently, the 163–170 range has become a new resistance zone, with key support around 150. Traders interested in short-term trading should pay close attention to the performance within these two ranges.
Whales are eating up the orders, retail investors are still chasing highs. This contrast clearly indicates a problem.
MFI stubbornly refuses to return to 50; funds are quietly flowing out. Don't say I didn't warn you.
News can be misleading; the technical aspect is the real story. Those who are trapped will always be the ones only looking at the positives.
Whether the 150 line can hold will determine the next direction. Keep a close watch.
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168.8 defense line hasn't been held, and you're still chasing? The technicals have already turned weak.
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Look at OBV and MFI, funds are flowing out. This time, it's most likely retail investors who get trapped.
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Don't be fooled by good news. When news and technicals conflict, it's the easiest time to cut losses.
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Symmetrical triangles usually don't reverse; if it's a consolidation pattern, can the support at 156 hold below?
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The resistance from 163 to 170 is too critical. If broken, consider reducing positions.
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Whales are accumulating, retail investors are chasing highs. The gap... is a bit hopeless.
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Newbies, pay attention. Relying solely on fund data can be deadly.
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Breaking 168.8 and still daring to chase? Now we can only see if 156 can hold, or else it will head straight to 150.
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No matter how strong the news seems, it’s useless; OBV has already diverged. Retail investors are still dreaming, while whales have already slipped away.
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The symmetrical triangle is usually just a consolidation before a sharp decline, don’t get itchy.
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From 163 to 170 is a big trap, don’t jump in.
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Newbies love to see a few good news and rush in, only to be trapped for three months. This time is the same—nothing impressive about the data, and the price structure is already broken.
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Funds have been continuously flowing out, and MFI can’t get back above 50, indicating selling pressure hasn’t stopped. This is just a buffer, definitely not a rebound signal.