Today's community market interpretation
1: #BTC reached a high of around 72,000 at 8 am, only 1,800 points away from the historical high of 73,800. However, the rise of Bitcoin last night was due to the positive news of ETH spot ETF, which accelerated Bitcoin's rise to above 70,000. Without this positive news, Bitcoin would probably take a few more days to reach above 70,000. In the short term, Bitcoin is also approaching the strongest pressure point. I personally think it will not continue to rise sharply. It will fall back to around 74,000 at most and make adjustments
2: #ETH Everyone should know about this wave of pull-ups. The approval rate of Ethereum's spot ETF has increased from the previous 25% to 75%. Because of this positive news, the price rose to 3700, the pressure in the past two months. In the short term, ETH should adjust first, stabilize at 3500 and continue to rise to 4000. After all, it is not certain that spot ETH will pass. When the news ferments to say that the approval rate is as high as 90%, ETH will rush up again. In fact, I mentioned when ETH spot ETF will be hyped 2 months ago. After BTC's spot ETF is passed, Next is the hype of Ethereum's spot ETF. A few days ago, on the 17th, ETH was around 3,000. I also called on everyone to buy the bottom and take the spot. Those who follow me should have seen it. Those who don't follow me can go upstairs and take a look. This wave can be said to be a perfect increase of more than 600 points, up to 20%. I personally think that ETH can be appropriately reduced when it reaches around 4,000, waiting for a retracement to find an opportunity to enter again, especially for partners with heavy positions.
3: The positive news of Ethereum has driven more Ethereum-related currencies, including these Ethereum Layer 2 currencies, dex leading coins, etc. Only #pepe in the meme sector has been strong, and others have not kept up, including #shib #doge , etc., which currently have no market of their own and are relatively weak.
4: ETC also called on everyone to buy the bottom and take the spot at the 28 position two days ago. Those who followed also ate more than 10 points. The spot can continue to be held. The halving of etc has not been hyped yet. Now it can be said that it is an ambush in advance and waiting for the start.
