The expectation of ETH's spot ETF in the past two days has stimulated a surge in ETH holdings, with both volume and price rising. The final result will come tonight.
At 4 a.m., the U.S. SEC will notify the ETF approval results. Regardless of whether it is passed or not, the market is expected to fluctuate violently.
Not only that, the United States passed the FIT21 encryption law today, which means that the United States has laws to rely on to tighten control over the encryption ecosystem. The impact of the dual news will have an impact on the market. Pay attention to unusual movements in the market at night.
BTC：
BTC: 3,200 BTC are being transferred into the K-line, which creates selling pressure expectations for BTC. BTC is forced to fall back and move higher along the 5-day line. The bottom of the hourly line continues to rise, indicating that there is long support. The $68,688 below is the key point of the support line formed on May 16 and 20. BTC must confirm the bottom at $68,688 to break the deadlock of the top divergence. Next, BTC will rebound at $68,688.
Resistance: 70157, 71265, 72034
Support levels: 68688, 67356, 66532
ETH：
Open interest hits a new high this year, indicating that a big fluctuation is imminent. ETH is moving higher along the 5-day line. Bulls are increasing their support. The hourly line is forming a box. $3,642 below is the key support point. ETH must stand firmly at $3,642 to bottom out and strengthen. Next, ETH will bottom out and rebound at $3,642.
Resistance: 3811, 3968, 4073
Support levels: 3642, 3488, 3267