In the morning, we gave a bullish direction. The market has been moving sideways and fluctuating. At noon, the price ratio was still falling strongly when it reached our entry point, so that our longs did not enter the market in time. We followed the trend and went short. We followed a wave of retracement first, and longs waited for stabilization before making arrangements. As the market continues to be driven by good news, especially the recent news about the upcoming launch of ETFs, the air situation once surged to the 65,000 area yesterday, but then fell back, the price ratio fell to the 62,800 line, and ether also fell back to around 3,386. Despite this, against the backdrop of strong bullish momentum, we still believe that a sharp decline is unlikely in the short term. The key support is at the 62,300 line. If it can remain unbroken, the upside space is still valid, otherwise it may enter a short-term shock.

        Judging from the current market, short-term operations are still recommended to continue to be bullish and avoid excessive vacillation. The market trend is still in its early stages, slow adjustments are normal, and every step of the pullback may be a positive market performance. In the afternoon, it is suggested to consider following a wave of retracement first, and enter the market when it retraces to the support level of 62,300, with the target looking at the 66,000 area. For Ethereum, as the good news gradually spreads, the buying power may further increase, and the tentative action after 3,500 may point to 3,800, with longs as the main trend. In addition, it should be noted that there is a possibility of a market crash if there is new news output.

       Long orders near 62,300 for Bitcoin, with a target near 63,600; long orders near 3,320 for Ethereum, with a target near 3,460. #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期 #币安7周年 #美国6月CPI大幅降温