Since the emergence of the Bitcoin ETF, it has grown larger and directly brought about two major changes. The first is that after large institutions bought a lot of BTC and ETH, these two cryptocurrencies don't crash as severely when they drop. Why? Because institutions are not foolish enough to dump their spot holdings in large quantities, otherwise their own assets would also shrink significantly, right?
The second change is that the total market value of ETFs and institutions is increasing, and they are becoming more influenced by US stocks. Investors' money tends to move around various investments in search of balance.
So how will the market move in the next few days? Let's take a look. This is just my personal opinion and does not constitute any investment advice. Follow me for a daily morning report.
Let's talk about $BTC first. I estimate it will fluctuate between 93,000 and 98,000. Why do I say that? It's not just because US stocks have recently fallen sharply, causing BTC to suffer as well, with movements closely mirroring the US stock indices. So, if the US stock market can stabilize on Monday, BTC can rise accordingly; if the US stocks continue to fall, BTC might also take a dive. However, in the short term, the likelihood of sharp rises or falls is low, and it will probably just fluctuate around the current position.
Now let's talk about $BNB . I expect it to consolidate between 680 and 730. This guy has been quite strong in the past 24 hours; I guess it's because the platform token has gained a clearer value support through airdrops, and it may continue to act as a safe-haven asset in the short term. Note that the mining time ends on the 2nd of next month.
Finally, let's look at $ETH . I estimate it will fluctuate between 3,200 and 3,700. BTC is falling along with US stocks, but ETH remains relatively strong, not dropping significantly. If BTC stays in this consolidation without breaking out, ETH might seize the opportunity for a nice rally!
Some important information:
1. The Italian Parliament has passed the 2025 budget proposal, increasing the cryptocurrency tax rate to 33% in 2026.
2. BlackRock and Fidelity's spot Ethereum exchange-traded funds bought a total of 101,390 ETH this week, valued at approximately 342.2 million USD.
3. The ETH/BTC rate bull James Fickel sold 6,429 ETH (21.45 million USD) for 227 WBTC to pay off all WBTC loans yesterday. James Fickel has been long on the ETH/BTC rate for a whole year and has incurred a loss of 68.84 million USD (20,632 ETH).
Returning to today's daily BTC technical analysis, from the K-line perspective, the 1-hour level is weak, the 4-hour level is consolidating and about to break upwards, the 12-hour level is consolidating, and the daily level is declining, with an intraday resistance level of 97,000 and a support level of 93,000 USD. #加密ETF申请热潮涌现 #加密市场调整
