Therefore, I personally will not invest in any BTC spot. Gradually, BTC spot contract trading will only become a means of after-hours and pre-market trading for ETFs, becoming marginalized. The open interest and trading volume will gradually decrease, and BTC will completely lose its value.
Most of BTC's price movements are essentially random, and basic candlestick technical analysis is ineffective. Volume analysis is also necessary, especially on smaller scales. The entire BTC trend is greatly influenced by ETFs, completely following the daily movements of the US stock market or ETFs. Over the past year, it seems that analyzing BTC's candlestick patterns has not been very effective; it's better to directly look at ETFs. Additionally, the previous spot supply and demand of BN used to primarily dictate large-scale trends, but that's no longer the case.
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