Grayscale announced 35 currencies that may be invested, including AERO, AKT, APT, AR, ARB, ATOM, CELO, CORE, DOGE, ENA, FET, HNT, ICP, IMX, INJ, JUP, KAS, MNT, METIS, NEON, OM, ONDO, OP, PENDLE, POL, PYTH, RUNE, SEI, STRK, TIA, TON, TRX, UMA, VET, WLD. Once selected by Grayscale, these currencies may usher in a wave of surges, with an estimated increase of about 30%. However, there are some projects of poor quality among them, and it is recommended to wait for the official announcement before making a decision.
The price of Bitcoin has rebounded to $63,000 and is expected to break through the pressure level of 65,000 in the short term. Although there was a certain degree of decline last night, it recovered quickly. At present, the overall trend of Bitcoin is still optimistic, with a target price between $66,000 and $70,000. However, it should be noted that the current structure is still bearish, and it is recommended to adopt a high-altitude strategy, that is, to open a short position in the 62400-62800 range, set a stop loss at 63700, and the target price is around 61600.

On October 3, the price of Bitcoin (BTC) was $61,200, and despite experiencing several declines, it was never able to break below the critical support level of $60,000. The effectiveness of this support suggests that Bitcoin may continue to remain stable in the short term. However, Bitcoin has just experienced a major correction, with losses reaching thousands of points, causing many altcoins to also see significant losses, including WIF, SATS, JTO, BOME, and XRP.
As for Ethereum (ETH), its price is looking for support towards the previous low of $2,200. Recently, the nine Ethereum ETFs have only had a net inflow of 2,770 ETH, while Grayscale plans to sell 10,714 ETH at one time, which has a certain negative impact on market sentiment. In addition, ETH's technical side shows that the strong support of $62,800 at the 4-hour level has been broken into resistance, and the downward trend pressure at the 6-hour level has also formed a new high near $2,520.
The whale shark community believes that Bitcoin is currently in a state of high divergence. Although there may be a rebound at the hourly level, if the position of 61,800 to 62,000 US dollars is exceeded, short selling can be taken advantage of the trend. Overall, we are still optimistic about high prices in the long term, but we can try to go long at the hourly level. Jiuye emphasized that Bitcoin has been tested multiple times between $60,000 and $62,000 and successfully held the support level of $60,000. He predicted that the upcoming non-agricultural data will play a decisive role in the future market direction.
Brother Xing mentioned that investors had been warned to guard against the risk of a correction at the previous price of $66,000, especially after the large-scale profits at the end of September. He believes that this correction may cause the overall decline of Bitcoin to reach about $56,000. At present, the first stage of the downward wave A has basically ended, and there may be a wave B rebound to $63,000 before continuing to fall in the wave C.