Bitcoin has dropped nearly 10,000 points from its peak. On the early morning of the 24th, I reminded of the risk of a pullback, and during the day I reminded of the liquidation risk, also highlighting that the key support should not be broken. This trend has not yet ended, and the pullback is still an opportunity to enter. It has already broken the first CME gap, so we need to pay attention to whether the second gap will be filled.
The New York Stock Exchange has applied to the US SEC to list Bitwise Bitcoin and Ethereum spot ETPs. The launch of this ETP is subject to the approval of the 19b-4 application and the effectiveness of the S-1 registration statement.
Long-term holders of Bitcoin have sold 728,000 BTC in the past 30 days, the highest level since April.
Bitcoin
Bitcoin has broken the upward trend; last night's rebound test continues to face downward pressure. The daily pullback has not yet ended and is expected to complete in early next month. From the breakout at 74,000, it is regarded as wave 1, currently undergoing wave 2 pullback, with wave 3 still to rise. It may reach a peak in sentiment before Trump takes office. However, currently approaching a dense chip zone, we need to pay attention to the short-term rebound demand. The 4-hour chart has formed a descending wedge and will continue to test the bottom and rise.
The 4-hour BOLL is opening downward, with signs of crossover between MA20 and MA60. Pay attention to the breakout of the descending wedge in 4 hours, with the rebound height looking towards around 96,000.
Support: Resistance:
Ethereum
The daily chart shows two engulfing patterns. The supplementary rise has not widened the gap and is directly affected by Bitcoin's pullback. Currently, it is near the support level, and there is still a chance of a rebound before falling back to around 3014 in the short term.
The trend of SOL and Bitcoin has certain similarities. After reaching a new high, it faked a breakout and is expected to pull back 180-200 to accumulate gradually. We will continue to share more altcoins. Support: Resistance:
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, co-winning global investment opportunities. Public account: Trading Prince Fusu.
