Hot topics of Master Chat:

Major institutions have begun to predict the inflow of funds after the Ethereum ETF is passed. Galaxy Digital believes that this is due to the lack of staking rewards.

The Ethereum ETF had inflows of only $5 billion in the first five months, while Grayscale ETHE's outflows will reach 319,000 ETH per month, or about $1.1 billion.

In this way, the outflow of Grayscale alone in the first five months was as high as 5.5 billion US dollars. This data shows that the negative impact of the ETF approval in the short term is greater than the positive impact.

The recent market is indeed a bit boring. The market should have rebounded, but it was scared off by the news of shipments from Mentougou, the United States and Germany.

Therefore, the market has returned to volatility. We have to wait until these FUDs are fully resolved before we can choose the direction.

Master looks at the trend:

BTC 4 hours:

According to the chart analysis of the master yesterday, a new low has been created after breaking through the downward trend line 1.

Although the price of the currency rebounded to 60.6K, due to the increase in the view of falling, the master suggests that everyone can consider responding when the price of the currency drops to 59.3K.

If the price moves sideways on Saturday and breaks below the trendline, then we can adopt a sideways view in the short term. But before a breakout to the upside, we still need to maintain a bearish view.

Resistance level reference:

First resistance level: 61300

Second resistance level: 62000

A break above the first resistance level would change the view to short-term bullish.

However, considering the weekend, sideways consolidation may occur, so we need to focus on the trend within the box. Instead of expecting another breakthrough of 61.3K, it is better to adopt a consolidation view at the first resistance level.

Support level reference:

First support level: 60600

Second support level: 59300

Since the coin price has seen a small decline, the master adjusted yesterday's second support level to the first support level, thereby setting it to a more appropriate profit and loss ratio area.

Because the first support is likely to fall again, you can respond at the psychological support level of 60K. Before breaking through the downward trend line, you need to maintain a short-term downward bearish view.

Today's trading suggestions:

Ultra-short-term trading can be carried out in the 60.6K~61.3K box. Since there are usually no big fluctuations on weekends, there is no need to enter the market frequently! And strictly set the stop profit and stop loss.

Please refer to these suggestions when trading

6.29 Master's short-term pre-buried order:

Long entry reference: 58900-59300 range, long in batches, defense 500 points, target 60600-61300

Reference for short entry: short in batches between 62000-62400, defense 500 points, target 61300-60600#币安合约锦标赛 #BTC走勢分析 #比特币走势分析