Sorry I came back late today, I just took a quick look at the Bitcoin market and market data.
Bitcoin market situation:
The upper resistance is 72,600, the 3-day line resistance, and the 80,000 integer mark is also the weekly resistance.
The lower support is 68,800, which is the previous monthly resistance. It is currently the monthly support. Pay attention to the situation where the support becomes resistance.
If the monthly position breaks, pay attention to the 4-hour short-term support of 68,3000. If this position breaks, pay attention to the situation around 67,600 and 65,000 on the daily line.
Once the price falls below the monthly support, the Bitcoin price will fluctuate on the daily track. These positions are all normal. Pay attention to the support.
Ethereum, short-term resistance is 3920 in 4 hours, and the weekly position is 4060 after breaking through.
The lower support is 3620 in the short term, and the monthly support is 3560 after breaking through.
Technical support and resistance are currently only used as reference data. In a market dominated by emotions, we still need to pay attention to the mobilization of ETF emotions.
In terms of data, driven by the rise of Ethereum, the market value increased by 170 billion in a single day. Ethereum was far ahead, followed by the cottage, and the proportion of Bitcoin decreased.
However, the increase in the market value of the cottage was accompanied by an astonishing trading volume. At present, the long-short game of the cottage is still strong. Some people bought because of FOMO emotions, and some people thought it was an opportunity to escape the top, resulting in a surge in trading volume of 124.6 billion in a single day.
In terms of funds, the market value of stablecoins decreased by 900 million in a single day, and the short-term increase in USDC trading volume of US funds was 66.39%. The utilization rate of funds in Eurasia and the United States increased, but the funds are still anchored to Bitcoin and Ethereum, and the sentiment of the cottage market is controversial.
At present, the market focus is still on the decision time of the Ethereum ETF in the early morning of the 24th Beijing time.
