After the market was driven by ETH in the past two days, we stopped some positions at high levels. The overall strategy was defensive, and we kept profits first. Therefore, this high-level retracement had little impact on us. Instead, it gave us an opportunity to enter the market. It fell back from the highest level of 72,000 to 69,000, with a drop of 3,000. This is what we call high-level fluctuations, no rules, and great difficulty in operation.

Tomorrow is the time for the announcement of the Ethereum ETF. Before the announcement, the market is unlikely to fall sharply. After reaching the support level, it is an opportunity to go long. There are two ideas for tomorrow's ETF. One is to complete the layout in advance and bring a stop loss. If it does not pass, hit the stop loss. If it passes the upper side, the sky is wide open. The other idea is to operate after the announcement. You can place a breakthrough order or a bottom pin order. Whether it passes or not, you can have a chance.

From a technical point of view, BTC is currently a normal retracement, with the lowest retracement to around 69,000. The decline is controllable. We can regard 69,000 as a short-term support here, and further support below is 67300-67500, that is, the previous resistance and support exchange positions, so the idea is to buy low, or consider breaking through.

In terms of operation, the idea of ​​buying low focuses on the vicinity of 69000. If there is an opportunity, directly layout the interface, and risk control below 67500; the idea of ​​breaking through focuses on 71000. If the volume breaks through this point, the market is likely to continue, and the target is 73000+