Bitcoin spot ETF passes, Ether spot ETF will be upgraded with Ether Cancun, and Ether deflation breaks out jointly

Sure enough, the Bitcoin spot ETF passed. After passing, it did drop sharply to around 44,000, and then sprinted to around 48,000 multiple times.

The key support level for Bitcoin's sharp decline is 44,000. If it holds 44,000, it will repeatedly sprint to 48,000.

If the volume falls below 44000, 41400 is a good entry position. When it plummets, the first thing to consider is ether.

The impact of Bitcoin ETF trading volume on the market is huge, because the entry of real money is the real benefit, and it also proves the real desire of institutions and mainstream society to buy Bitcoin.

The risk of divergence from the top of Bitcoin's daily line continues to increase. If it cannot stand firmly at 48,000, there will be a big plunge sooner or later, because everyone is waiting for the good news to come to fruition, waiting for the take-off, and waiting for the big surge. It is easy to be trapped near 48,000. A stampede occurs.

ARB's recent focus is to hit 2.4 again. Ming believes that as long as it holds 1.85, any sudden drop will be an opportunity.

UNI 7.4 is the first threshold,

near really chose the direction, it did not break 2.9 but rushed to 3.9.

SOL 108 117 is the key pressure level,

The highest OP of 4.1 is in line with expectations.

Brother Ming’s attitude is stable: Bitcoin is around 38,000 to 40,000, which is the top area. We dare not say what the highest point is, but the risks in the top area are greater than the opportunities. Reducing positions on rallies is the direction, leaving room for bullets. There will definitely be opportunities for a plunge in the future. .

Watcher.Guru tweeted that the US SEC has officially approved Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin Templeton All 11 Bitcoin spot ETFs owned by Templeton.

Ming Ge’s interpretation: Bitcoin is recognized by mainstream society.

Ethereum Dencun upgrade will be launched on Goerli testnet at 14:32 on January 17

Ming Ge’s interpretation: Ether’s Cancun upgrade superimposes the deflation of ether, and the passage of the superimposed Ether spot ETF is the driving force of the 24-year bull market.

Hong Kong Legislative Council member Wu Jiezhuang tweeted that the Bitcoin spot ETF passed by the U.S. Securities and Exchange Commission (SEC) in the early morning was an important development for the virtual asset market, and it may attract more traditional investors and funds to participate in virtual assets. Investments in the asset sector.He also believes that Hong Kong should also dare to become a "leader" in the field of virtual assets and lead the development of the entire industry through innovative policies. He made two main suggestions:

The SAR government should promote the implementation of spot ETFs as soon as possible: the Hong Kong Securities and Futures Commission has stated that it is ready to accept applications for spot Bitcoin ETFs. At a time when virtual assets are developing rapidly and competition is fierce, Hong Kong should be the first to implement relevant policies and products globally, especially in Asia, as soon as possible to consolidate its opportunities to become a global center for virtual assets.

Strengthen popular education on virtual assets: With the increase in global compliance virtual asset products and attention, the SAR government should immediately strengthen popular education. On the one hand, it improves citizens' awareness of virtual assets, and on the other hand, it also reduces the opportunities for criminals to use virtual assets to commit fraud.

Ming Ge’s interpretation: Hong Kong is too slow

Summary: Bitcoin 44400 41800 is the key support level, and 49000 52000 is a strong pressure level. The risk at this position is greater than the opportunity, so leave room for it; Bitcoin’s vicinity of 16000 will be an extremely important bottom area for the bull market in 2024. Long-term K-line research focuses on Ether Secondary UNI and link pie;

Bitcoin

Support level: 44400 41500

Pressure level: 48800 52000

uni

A sharp drop is an opportunity, 7.4 is a small pressure level

Support level: 6.5 6.35

Pressure level: 7 7.4

Ethereum

Please pay attention to Ether every time it plummets

Pressure level: 2680 2800

Support level: 2580 2500

LINK

When it plummets, it reminds me that the high level has been reached and it has been taken back. In fact, the selling at 16 is normal. The key is whether the imagination is open.

Pressure level: 15.4 16

Support level: 14.6 14

BNB

340 is timid even before I can stand firm.

Brother Ming exclusively reminds BNB to bet between 210 and 180

As long as there is no thunderstorm on Binance, BNB 210 will be invested to 180BNB

Support level: 300 296

Pressure level: 310 316

ENS

Huge daily volume, every plunge is an opportunity, 28 is a strong pressure level

The lowest is 12.1, soaring.

Support level: 24 28

Pressure level: 21 20

CRV

..Short-term is meaningless, long-term is cheap.

Pressure level: 0.59 0.62

Support level: 0.55 0.53

OP

4 4.2 is the strong pressure level

Brother Ming exclusively reminded the layout of the Cancun upgrade when the bottom of the OP was near 1.3.

Pressure level: 4 4.2

Support level: 3.55 3.3

Plunge in batches, focus on some long-term ones, wait for Cancun upgrade

ARB

You can still play near 1.9

Brother Ming exclusively reminds "ARB" to bet below 0.9, such as 0.88 0.85 0.82 0.79 0.76 0.73.

NEAR

4.2 is a strong pressure level

Brother Ming exclusively reminds you to place your bets at near 1.3 to 1.

Configure some long lines near 1.3 to 1

Pressure level: 3.9 4.1

Support level: 3.5 3.3

BLUR

Brother Ming reminded that BLUR 0.38 0.33 has a particularly strong bottom-hunting power. It was taken back at a high position and skyrocketed by 0.59.

I am Brother Ming. I have been in the trading market for more than ten years. If you have any questions, please come to Brother Ming. Welcome to chat!