Germany transferred a large amount of BTC out, CPI market should be alert to short selling pressure, BTC stood firm on the 5-day line and rebounded, ETH submitted an ETF application

Last night, Germany transferred a large amount of BTC again. You can see the position of the red circle, which is the amount and time of the transfer, corresponding to the peak of the mainstream stage.

The amount of transfers in the previous few times was not large. If the previous ones are regarded as stress tests, the amount of transfers yesterday far exceeded the previous ones, so be alert to short selling pressure.

It is worth noting that tonight will usher in the CPI market. After the CPI lands in recent months, it will become a watershed in the market. The long-short game is fierce, and it is expected to break the deadlock of shocks. At this time, it is necessary to reduce the leverage coefficient to avoid being hurt by mistake.

BTC:

BTC: Option trading volume soared, pay attention to market fluctuations. BTC stood firm on the 5-day line and rebounded. The hourly line repeatedly inserted pins and fell back, making an M-head bottoming. The upper $59054 is the key point of the M-head. BTC broke through $59054 in large volume to quickly rush up and strengthen, entering the forced short pull market. Next, BTC peaked at $59054 and fell back.

Resistance: 59054, 61128, 62345

Support: 56178, 55325, 54658

ETH:

Franklin submitted an ETF application for ETH, which has a positive effect on ETH, and ETH has risen along the 5-day line. The hourly line has repeatedly dropped back, confirming the box resistance. The upper $3134 is the key point of the box formed on July 7 and July 11. ETH can only bottom out and strengthen when it stands at $3134, and enter a bullish upward trend. Next, ETH will drop back at $3134.

Resistance: 3134, 3195, 3273

Support: 3025, 2978, 2926