24/05/21 Bitcoin breaks through 72,000, and Ethereum surges to 3,720. What should we do next after all the surges?

This moment finally came. The internal group 57000 reminded to buy the bottom. The average price of Bitcoin is 61500, and the average price of Ethereum is 3000. The comment area also said publicly that the reminder on May 4th that the BTC callback has ended, and the false break is about to hit 80000. Now 72000 is less than 2000 points away from the previous high, and 8000 points away from 80000. If it breaks through 73777, it will see 86000-100000.

The cryptocurrency market began to rise after the estimated probability of approval of a spot Ethereum ETF increased from 25% to 75%. According to people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) asked the issuer of a potential spot Ethereum ETF on Monday to update its 19b-4 filing documents. ETF issuers need to obtain SEC approval of the documents and S-1 registration statement before the product is officially launched.

Flatbread

The price of Bitcoin hit a high of 72,000 and then fell back, which happened to be the upper edge of the flag. Once the previous high is broken, it will reach 86,000-100,000. Previously, the arc bottom + head and shoulders bottom + descending channel breakthroughs were all bullish, and the bearish bat pattern was 71,000-72,000. Whether it will fall further depends on whether it can break through effectively in the next few days. The monthly and weekly lines have not yet been finalized. We have always said that this is not a peak signal. The monthly line has the potential to be bullish with double positive and negative, and the weekly line has the potential to rise by 5 waves.

I am always in the habit of reminding to be bullish when the price is at a low level. The current position is a stage for short-term profit-making, and those who have medium and long-term layout can exit the market when the price reaches 100,000 yuan for profit.

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ether

Ethereum broke through 3720, two 4-hour K-lines pulled up 16%, and the daily line pulled up nearly 600 points, directly breaking through the 3678 pressure. Previously, we said that 2800 was the stage bottom. I don’t know whether the Ethereum ETF can pass, and I don’t care much about the news. It’s enough to just judge the signal and profit and loss ratio from the K-line on the market. Trading is a gamble, just look at your chips to win more. I analyze and consider the news + technical + capital aspects, and follow the rules and logic.

The ETH/BTC exchange rate has returned to 0.051, and has also returned to the box. The rebound of Ethereum is unexpected, but at least the downward trend has changed. The altcoin season has not yet arrived. The altcoin has also reminded that most people are still trapped in the view on May 7. What are you worried about after the halving, which is 30% to 50% off? (Find strong coins)

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$BTC $ETH $SOL #以太坊ETF批准预期 #机构积极投资比特币ETF #芝商所拟推出比特币现货交易 #BTC走势分析