Today is a very critical day for everyone in the currency circle, because there are three major events today.
First, Hong Kong's Bitcoin and Ethereum ETFs are going to be sold.
Second, CZ's hearing is about to start.
Third, Bitcoin's monthly line is about to close.
These three time points are perfectly combined. You can say it's a coincidence, but I don't believe it anyway.
Because everything is just right, it is designed in advance, especially some key nodes, which can't be so coincidental.
Too much speculation is not valuable. Returning to the K-line itself is more reliable than these fancy news. There are thousands of faces for thousands of people. No matter how you interpret and analyze it, you can only know 20% of the news, and the remaining 80% will appear in the future.
So the way is simple, focusing on one aspect is more effective than studying all five aspects, and it is easier to get results. Therefore, compared with the news, capital, policy, and fundamentals, the technical aspect has the lowest threshold and the fastest effect.
Back to the market, BTC did not break through 62,000 points yesterday, and the market rebounded to a position near 65,000, which was in line with the support position given yesterday, and also in line with the rebound range resistance position given in yesterday's morning review. At present, the first line of support at the four-hour level is 63,000 points, and the second line is 62,000 points. It is still the same view that if it does not break 62,000 points during the day, there will be no big changes in the market.
The upper resistance is currently around 65,000 points. Only after breaking through and stabilizing the 65,000-66,000 range can we see the 67,000-68,000 range, and the market will get a big breakthrough and change now. A sluggish market, allowing the overall market to recover
ETH did not close the real negative line at the daily level yesterday, and took back all the positive lines of the previous day, but the pin also reached the support position of the daily level 3060-3120 range for a rebound. The trend at the four-hour level is still an upward trend at present
Four hours, don’t pay attention to the support position of the 3120-3160 range during the day. The upper intraday level trend looks at the resistance position near 3400 points. The key point is to pay attention to the 3600 point line. At present, ETH’s entry price is more cost-effective than BTC, so now is also the time for ETH to enter the market
