(2/2) Biden withdraws from the election + Ethereum ETF is listed, welcome the big fluctuations, more operation opportunities are coming!
[Market tone and suggestions]
1. $BTC :
* Medium- and long-term: bullish, the upward channel is complete, and this round of rise is likely to challenge above 71,000 (trend line).
* Short-term: 4-hour level callback for technical repair, callback will be an opportunity to enter the market.
2. $ETH :
* Medium- and long-term: bullish, after the ETF is approved, it may bring 5-10 billion net inflows within the year, and the price of the ether may increase by 30-60%.
* Short-term: follow BTC fluctuations, but significantly weaker than BTC, the upward channel is complete but the angle is significantly flatter than BTC. There is a "buy expectation and sell fact" after the ETF is approved, and the short-term trend is highly uncertain.
3. Recommendations:
BTC: Entry range 66100~65700 (7-day moving average), 64500~65200 (60-day moving average, 120-day moving average)
ETH: After the ETF is approved, there is potential selling pressure from Grayscale. It is recommended to wait until the ETF starts trading before determining the entry range. It is currently expected that the gap may be filled. 3250~3150 is a range for entry.
