News side:
1. Bitwise hopes that the US SEC will postpone the approval of the Ethereum spot ETF to December;
2. More than US$1 billion in U.S. Treasury bonds were tokenized on the chain after the launch of BlackRock’s BUIDL;
3. This week, tokens such as DYDX, SUI and GAL will be unlocked in a one-time large amount, with a total release value of US$224 million;
BTC: From a weekly perspective, after the golden needle of the big pie hits the bottom, it steps out of the physical positive line, bids farewell to the short-term downward trend, and forms an upward trend again on the whole. Looking at the daily line, the first support below is the daily 7-day moving average of 70258, and the second support level is 68300 points. In the overall upward process, the risk of a downward trend cannot be ruled out. The upper level of 72,000 points needs further breakthrough to start the market boom.
ETH: The weekly line regained the lost ground of the previous week, and the daily line closed the physical positive line yesterday. Judging from the K-line combination form, bulls have the upper hand and bid farewell to the volatile downward trend in the short term. The short-term upper pressure of 3800 points for the two cakes needs to be broken through. It is more likely to continue to rise after stepping back below the 7-day moving average of 3550 and the 14-day moving average of 3485.
