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