At night, 2,000 BTC were transferred from the Silk Road address in the United States, and the mainstream market fell sharply in response.

Silk Road is the 69,000 BTC seized by the United States from hackers 20 years ago. In March last year, the United States sold BTC worth 300 million, and then BTC plummeted by 7%.

At the beginning of this year, the United States planned to sell 2,000 BTC, but did not specify the specific time of the sale, so this round of address changes caused a lot of panic on the outside world.

The United States has used seizures and other means to accumulate huge amounts of BTC. Currently, the United States holds 200,000 BTC, accounting for 1% of the circulating supply.

Not only that, the United States firmly controls spot ETFs, CME, and Grayscale. The pricing power of BTC has also completely shifted from Asia to the United States. You can focus on the changes in Silk Road addresses.

Today, BCH officially started halving, but it seems that not many people are paying attention to it. I remember that BCH suddenly appeared and played the role of the real and fake Monkey King. It almost replaced BTC and became the real master of encryption. Unfortunately, it was just a little bit short and all the previous efforts were wasted.

At that time, many bigwigs exchanged all their BTC for BCH. That period was the darkest and most critical moment for BTC. Time is the best touchstone. After so many years, countless Bitcoin killers and Ethereum killers have disappeared, but BTC is still here.

BTC:

USDC and U have been issued successively, which has supported BTC. Yesterday, Laolang talked about BTC's high and then fell back, confirming the resistance selling pressure, and entering the bottoming market along the 5-day line. The $64,725 below is the key point of the long neckline formed at the end of March. Only by standing firmly at $64,725 can it bottom out and strengthen, entering a new round of rebound. Next, BTC will test $64,725.

Resistance: 66538, 67622, ​​68543

Support levels: 64725, 63167, 62356

ETH:

23,000 ETH are being transferred to Coinbase, which has a negative effect on ETH. Large amounts have been transferred to the platform frequently in the past two days, which corresponds to the weak mainstream performance. ETH is making an M head to explore the bottom, and short sellers have increased their selling efforts. The price below $3,225 is The key point of the pin is that only by standing firmly at $3,225 can the bottom support be confirmed. Next, ETH will bottom out and test $3,225.

Resistance levels: 3348, 3497, 3582

Support levels: 3225, 3138, 3014

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