On Thursday, Bitcoin and Ethereum fell below the support, and there was another drop directly!

Bitcoin, this rebound failed to stand firm on the weekly line. Copycats generally fell. U.S. stocks crashed to a weekly low, recording their biggest drop in a year. There is uncertainty in the market before the election, and gains tend to follow after the election.

The day after the spot ETF passed, I didn’t expect a direct net outflow of US$150 million, mainly in grayscale!

Yesterday, Grayscale continued to sell, having sold 230,000 pieces. Last night, 140,000 pieces were transferred out and 90,000 pieces were sold. Grayscale’s ETH holdings exceeded 2.629 million Eth. If you sell 100,000 yuan a day, it probably takes 10 days to sell it. In addition, other ETFs have currently reduced or stopped buying after buying bottom positions on the first day.

Therefore, the current selling pressure on ETH continues, and everyone needs to continue to wait and not make rash purchases. This sentiment has been spreading, and the trend of the pie itself is still on the strong side, and it is currently being driven by the weak sentiment.

At this stage, the technical structure has deviated from the track support, and the daily negative trend is spreading. If it is stronger, it will directly extend to the middle track. However, the market has already shown a one-sided short sentiment, and it should not fall too much. Washing away the bullish sentiment is rising, which is in line with the current main rhythm.

In the short term, we will focus on the short term first. In terms of time points, the Asian and European markets are generally continuation, and the US market rebounded in the early morning. Tonight, we will see whether the news of early unemployment benefits can reverse the momentum. The big Ether market can go short first, and the weak market should test the support of 63000, and the Ether support is around 3080. Just be radical and eliminate it directly! Light warehouse!

Thursday operation strategy

BTC, directly control, defend 600, look at 63,000

ETH, directly use it, defend 50 coins, look at 3080

The game feels hot, the condition is great, and the rhythm of picking u can be done by you. If you are not sure or can't pick it well, come to a professional teacher for guidance! $BTC $ETH $BNB #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #拜登退选 #币安HODLer空投BANANA