Market Analysis

$BTC : Bitcoin is still adjusting. As mentioned before, it will go down to 66,000 and up to 71,600. The 4-hour trend is very important, which is related to whether it will continue to adjust or rise in the short term. At present, there is no possibility of further sharp decline, so it is likely to fluctuate and adjust, and then exchange time for space, and finally form a combined force. This combined force is the combined force of the inside and outside the circle, and the combined force of the stock funds and incremental funds. At the cottage level, everyone should pay attention to the sports sector, the AI ​​sector and the Bitcoin ecosystem.

$ETH : Ethereum hit a low of 2702 and encountered a lot of buying support. Although the rebound was not strong enough, we can see a lot of orders, but there are still not enough people willing to buy upwards, commonly known as insufficient upward momentum. The short-term effect caused by this situation is that it will adjust sideways for a period of time. It will not be a good time to break through until the risk aversion of funds decreases and the leverage ratio increases. From the fundamental point of view, judging from the S-1 submitted by BlackRock last night, the time for the ETF to be listed is the end of June or the beginning of July, which is exactly one month from now. I bet it will break 4000 in this month, and even touch the previous high. After the ETF is listed, Ethereum will pull back due to the selling pressure of Grayscale, but in the long run, the ceiling of ETH is still very high.