July 27/Bitcoin's 2 billion short orders attracted major players. The final consolidation before Ethereum took off
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The highest rebound of Bitcoin on July 26 was 68,000, which is very different from the pressure point of 6666 in yesterday's cognitive article.
Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin's lowest price of 65,900 on July 23 coincides with the support level of 65,800 mentioned in yesterday's article.
Bitcoin has already walked out of the pace of not recognizing relatives and is approaching the historical high. Ethereum is obviously weak, but the weakness at this time is different from usual. The faster Grayscale sells, the better, and the exchange of chips can fully clean up the market. Of course, many institutions are switching positions from Grayscale to Fidelity BlackRock. According to the current daily sales of 70,000 to 100,000 Ethereum, most of Grayscale’s selling should be almost done in about a month.