Today's market Half of the writing resulted in the disk crashing due to MSTR . Since his previous earnings conference call revealed the possibility of selling coins, the US ETF has been in a net outflow state, which lasted almost the entire month of May . (Figure 1) This is also the reason for the continuous downward trend .. I bought it together with MSTR and ETF before rushing to 8W2 This wave has also been hit by ETFs all the way down . Before ETFs stop flowing out and Coinbase premiums turn positive, it is impossible to guess when this wave of Americans will sell until now . Just looking at the data on the chain every day, there hasn't been a wave of panic selling yet Continue to focus on short-term customers cutting meat Long term holders have not yet started selling . ------------- From the perspective of the large cycle, Figure 2 shows that the 14% retracement interval is approaching Above 70k is a wave of psychological barriers and dense cost lines Refer to the aggregation area of a pair of AVWAP in Figure 2 . ------------- Just now, Figure 3 continues the wave of MSTR messages, with a large volume of smashing disks and a clear liquidity overlay color band It is an entry point worth playing with within a day First, let's take a look at the situation within a few days. ------------- From the perspective of liquidity, the area below 72.5k that needs to be squatted today has been cleared by MSTR in one wave ... also entered the market now. Look at this, the US stock market cannot open on the market If you can't go up, keep waiting around 71k.