$BTC $ETH
Gold 10 Point Review:
Bitcoin: After MicroStrategy's $1.5 billion, BlackRock comes with another $410 million!
Congratulations to the brothers who followed the live stream and rushed into Ethereum last night, successfully taking profits from 396-4100. You are the favored ones!
Review: The trend of Ethereum has seen a pullback after a surge, currently there are two possibilities for Ethereum: one is that it needs to hold above the key position of 402 for the left shoulder, continuing the pattern of the 1-hour wave 3, and the other is to form a head and shoulders top pattern on the right side, adjusting to 39. Personally, I lean towards the first possibility since both the bottom and top are rising, providing an opportunity to surpass previous highs.
The trend of Bitcoin remains steady and strong, climbing higher step by step. An acceleration in the upward movement has not yet occurred, but it is important to note that the current Bitcoin rally is occurring before interest rate cuts, so there is a possibility of betting on rate cuts, as well as the suspicion of raising prices to sell before absorbing again after the rate cuts are implemented. Therefore, it is important to be aware of the risks.
Important Data: Greed Index - 88;
Contract Holdings: 134.8 billion;
Remaining Bitcoin on Exchanges: 2.23 million coins;
Bitcoin Market Share: 55.8%
Comprehensive Assessment: A full-line rally is expected during the day, currently in the next wave's monkey market stage, so those who have made profits can sell, and practice high selling and low buying.