The bullish outlook for Bitcoin next week is mainly based on the following 6 reasons:
1. Spot ETFs have strong purchasing power, and inflows have increased significantly in recent days, reaching $232 million on Thursday
2. In the context of a bull market, a 20% drop is a very simple decline. In extreme cases, a 30% drop is still healthy, and a bull correction is worth a lot of money
3. The market continues to buy a large number of Bitcoin call options. Ethereum's spot ETFs will be hyped in May to drive the big cake
4. Bitcoin funding rates are completely normal, perpetual contract funding rates are flat, forward curves are lower, and leverage levels are reduced
5. The upcoming Bitcoin halving narrative on April 20
6. After the holiday, the market will gradually recover, and the cottage industry will start to counterattack upwards. Many currencies are in an upward state
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