5.21 I am willing to destroy all shorts this week, and Ethereum ETF dominates the market

           The probability of spot Ethereum ETF approval has increased to 75%. But this is the May 23 deadline for 19b-4. After the 19b-4 application is approved, there are still other processes and steps to be completed to ensure the official launch and compliance operation of the ETF. ETF issuers also need to submit a registration statement (Form S-1 or Form N-1A), which includes detailed information about the ETF, such as investment objectives, strategies, risks, fees, etc. And this subsequent document may take weeks or months.

             Although it may take some time for the subsequent S-1 documents to pass, the length of time it takes to pass does not mean that it will not pass, so the market may temporarily have a small decline after the news comes out, and then continue to see the K-line start situation.

Daily level market

- ​​The daily level breaks through the upper pressure, the bottom support is around 69,500, the recent support is around 70,500, and the upper pressure is around 72,000. After breaking through, you can continue to see the pressure of breaking through the previous high of 73,000.

4-hour level market

The 4-hour level has broken through the slow rising trend, with support around 70500. If it falls back, it can be bullish. The key pressure is around 73000, and the upper pressure is around 74000.

 Intraday level analysis

-----Bitcoin has risen strongly at the intraday level. The intraday exchange clearing contract focuses on falling back to around 69500 ​​and continuing to enter the long position without breaking. Focus on the news of the approval of Ethereum 19B-1 on May 23 and the timeline of the subsequent S-1. The large level has been looking at the increase, and the small level sees whether there is still a chance to continue to fall back and enter the spot of some fixed investment positions. The upper pressure positions of 72000, 73000, and 74000 are regarded as a pressure level every 1,000 points. However, the recent pull-ups are all real gold and silver pull-ups in the US market, so don’t think that there will be much space left. The large level is bullish.

The market has changed very quickly recently. If you want to adjust your position or don’t understand the trend, you are welcome to communicate and learn. #以太坊ETF批准预期 #BTC走势分析