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.