[Yesterday Review]
The lowest point of Bitcoin yesterday was 65040, the highest point was 67087, the fluctuation was 2046, and the amplitude was 3.0%.
The lowest point of Bitcoin yesterday was 3285, the highest point was 3486, the fluctuation was 201, and the amplitude was 5.6%.
[Today's Analysis]
BTC:
BTC is currently 64032. The only support position of 64000 below Bitcoin mentioned yesterday has arrived today. The trend perfectly meets yesterday's prediction. Now it has reached the only support position. It will temporarily hover and consolidate at this position. If it is effectively supported, 64000 is the low point of the callback. The next target is 71000. If it falls below this only support in the future, it will see around 60500.
Bitcoin short-term resistance: 65100
Bitcoin short-term support: 63300
ETH:
The current price of ETH is 3180. As I told you yesterday, ETH will continue to fall. It has only reached the support position. Before a strong rebound, don't look at it. It is likely to be a falling relay!
ETH short-term resistance: 3230
ETH short-term support: 3056
Summary:
The reason for the decline today is probably that users transferred from Grayscale custody to other funds to buy ETFs. Grayscale's management fee has always been many times higher than other institutions, but you need to sell the original ETH from Grayscale first, and then buy it from other institutions. Grayscale sells ETH directly. Referring to the previous, every time it sells, it shows a decline. So after Grayscale sells almost everything, we can increase our positions and enter the market!
