The general trend this week continues to be bullish!
Although the Mentougou incident and the news of Ethereum spot ETF will bring some fluctuations, the market is expected to be larger this week. But as mentioned last week, the news of Mentougou and ETF will form a certain hedge, and the overall positives outweigh the negatives. There are many victims of the Mentougou incident and a large number of sellers, so different sellers will have different operating strategies. Some sellers will ship immediately, while others may continue to hold with the help of the good news of ETF or the optimism about future trends.
Therefore, the general trend this week is bullish. The upper pressure level is around 72,000, and the lower support level is around 65,000.