Bitcoin spot ETF will be listed in Hong Kong tomorrow. The approval of Bitcoin ETF is a milestone for traditional finance and crypto assets to go both ways. It is undoubtedly good for the development of the crypto market, but the continuous outflow of funds has not caused much trouble. However, this impact is long-term, unlike the short-term withdrawal of data such as non-agricultural CPI.
At the same time, Bitcoin also completed halving last week. For the future of the entire cryptocurrency, the effect is definitely positive. So in my opinion, in the long run, a group of mainstream coins and altcoins led by Bitcoin will usher in spring; and the current decline is a good thing, because the current decline is to give you a broader space in the future.
If Bitcoin breaks through 100,000 now, do you still dare to buy it?
Trend: On the daily line, the rebound last week did not break through the stabilization of the 68,000 watershed, and the decline after the pressure was actually reasonable. If we separate the range, with 73,000 as the starting point and ending at the target, the daily line can be divided into two stages of decline, 73,000-59,600 and 67,200-62,000, but the daily line's oscillation structure of 73,000-59,600 did not break, so next.
1. The key point of the second stage of the decline in the structure is whether it can break 59,600. The daily line forms a three-bottom support at this position. If this position does not break the high range, it will not break. In the future, it will still be expected to rely on it to launch a phased rebound within the range, but once it effectively breaks, 🐳qun scab💰玮: 1983211157 Then Bitcoin is expected to have another wave of big drops, even down to 56,800-53,000.
2. The second round of rise was initiated with 59600 as the starting point. 67200 is the pressure point of the callback in this round of trend. The condition for confirming this trend is the watershed 62000. If the callback around 61700 can effectively support and rebound, the second round of rise is established, and the rebound must break the high of 67200; the rebound is more certain. This time it is just our judgment from the structure, and the certainty is not so great, but it doesn’t matter. The bold will die of hunger and the timid will die of hunger.
At present, the daily and four-hour level trends are naturally unfavorable to the bulls. The four-hour level is even suppressed by the downward trend line. In the short term, let’s see whether the support 61700-62000 can withstand the pressure tonight. Go long in the evening when it returns to this area. If you want to arrange the mid-line, you should also arrange in this area.
