News side:
1. US SEC Chairman: The encryption market needs to be “disinfected”;
2. On March 22, the net outflow of Bitcoin spot ETF was approximately US$155 million;
3. Head of Galaxy Research: Spot Ethereum ETF highly unlikely to be approved in May
4. Cathie Wood reiterates Bitcoin price target of $1.5 million;
5. Genesis is suspected of selling its GBTC shares to buy Bitcoin;
6. Floki developers plan to provide regulated digital bank accounts for transactions;
7. BlackRock and Fidelity’s spot Bitcoin ETFs have seen capital inflows for 49 consecutive days;
8. AI startup Anthropic is looking for buyers to buy FTX’s stake in the company;
9. BlackRock: Bitcoin and Ethereum are the first choices among customers, while other crypto products receive little attention.
Market review:
On Weibo yesterday, Fei Ge clearly talked about the idea of shorting BTC on highs. The support below is 64,000 points. Yesterday, BTC fell to a minimum of 62,260, with a maximum drop of 4,389.62; ETH fell to 3,250, with a maximum drop of 292.52; the trend is in line with expectations!
Technical aspect:
BTC: It opened today below the 30-day moving average and has fallen below the 30-day moving average. The short-term general direction is still mainly shorting on rallies. Refer to the 4-hour and 7-day moving average of 64,500 points to gradually short the position. The upper pressure is 65,000 points, and the lower target is 61,800 points. If it falls below, continue to pay attention to 60,000 points;
ETH: The short-term trend is more obvious. The K-line is heading downwards against the daily 7-day moving average. The short-term lower target is 3,000 points, and the 7-day moving average pressure above the daily line is 3,428 points. The day-to-day operation idea is mainly to go short on rallies, and you can gradually enter the market at 3400 points.
(Follow Fei Ge and prepare for the halving together)
