At about 3:30 am yesterday, Ethereum, under the influence of the positive sentiment of the probability upgrade of the spot ETF, soared by 20%, and rose by 700 US dollars overnight, and directly brought Bitcoin back to around 72,000 US dollars. The 3 billion Kongtou chips on the entire network were bloodbathed. In one word, it is "washed", a complete wash action!

But last night, it was reported that the SEC asked the exchange to modify the application for the listing of the spot Ethereum ETF. The U.S. Securities and Exchange Commission did not determine the time frame for the decision, which also means that it will be postponed for several months. We don’t know whether it is true or not, but this uncertain factor will directly affect the recent market sentiment. We still maintain a cautious attitude!

At present, yesterday’s highs and falls back, and repeated upward explorations have failed to effectively break through the 72,000 regional resistance. It can be seen that the upper pressure is strong, and the currency price continues to weaken, with a minimum retracement of around 69,100, confirming the short-term support below. It is expected that it will still tend to range correction. In the short term, if the unilateral strength is not strong, it depends on the box shape. Remember not to chase the rise and sell the fall. The general direction is still bullish, but there will be a process of retracement and correction. The daily line closed with a negative upper and lower shadow needle. The weak momentum of rise and fall requires time to accumulate power. The short-term range is temporarily locked in the 72000-69000 area. Personal ideas suggest that the low point of the intraday retracement can be used as a reference.

Wednesday morning operation suggestions:

Bitcoin: Short-term retracement around 69500-70000, more can be made, and the target is 72000-72500.

Ether: Just follow the synchronous thinking, lock the point, and take good defense!

Recently, the sentiment of washing the market is strong, and the market volatility is large. Everyone must strictly control the risk. #以太坊ETF批准预期 #BTC #ETH