Since the approval of the ETF, funds have continued to flow in, driving BTC higher. It is worth noting that funds have started to flow out.

It can be seen that since March, ETF funds have started to flow out, and next week, coins such as ARB will also begin to unlock in large quantities, intensifying market fluctuations. Lao Lang plans to focus on the market for the next two weeks and ride the "roller coaster market" along with the whales.

BTC:

BTC's volume has shrunk as it surged, needing to retrace to the bullish neckline. The key point for the M-top pattern is $67,538. Only by holding above $67,538 can it establish a bottom and strengthen, entering a new round of short squeeze market. Pay attention to the bearish divergence trend on the hourly chart. Next, BTC will surge and then fall back at $67,538.

Resistance: $67,538, $69,135, $71,052

Support: $65,434, $63,678, $61,136

ETH:

Despite facing a drop in BTC, ETH's bullish support is strong, resisting the decline. The bottom of the hourly chart continues to rise, with increased bullish support. The key point for the breakout is $3,747. Along with the surge in bullish volume, ETH needs to hold above $3,747 to start a new round of bullish market. Next, ETH will surge and then fall back at $3,747.

Resistance: $3,747, $3,812, $3,936

Support: $3,634, $3,558, $3,412

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