BTC: Bitcoin continued to fluctuate downward after yesterday's rebound. The daily chart closed with a small negative line with a long lower shadow. Bitcoin adjusted after hitting above 70,000 the day before yesterday, but the current adjustment does not affect the short-term upward trend. Continue to pay attention to the 64,500 support. When the short-term price stabilizes above 64,500, it will retest the 70,000 price. In the next few days, when the price reaches around 64,500, it can still be bought.

Medium-term trend; Currently, Bitcoin price is near the high of the medium-term fluctuation range, which suggests that Bitcoin is stronger than Ethereum. The current price is also stable above the moving average system, but the shortcoming is that the 30-day moving average failed to cross the 120-day moving average (golden cross), which suggests that the price will continue to fluctuate until the 30-day moving average is close to the price, and there will be a direction.

ETH: Grayscale Ethereum Trust ETF funds had a net outflow of about $120 million yesterday, and Ethereum Trust (ETH) had a net inflow of $36 million. The total net outflow of Ethereum Trust ETF was $840 billion. Grayscale is still experiencing continuous outflows. The outflows have been greater than the inflows in the past two days, but the price has not continued to fall due to the net outflows. The market can digest the outflows of Grayscale, and it will continue to outflow in the future. If we refer to the outflow time of the last Bitcoin ETF, it will take until this weekend to reach a balance.

On the chart, ether fell after rising last night. The daily chart closed with a small negative line with long upper and lower shadows. At present, the short-term trend is volatile. Just pay attention to the support of the 200-day moving average below. Yesterday, I reminded that in the next few days, the price can go to the vicinity of the 200-day moving average (3225) and there is a little upward pressure above 3400 (also the 60-day moving average). If the price stands above the 60-day moving average, it will open a short-term upward trend (this is worth paying attention to in the future). Before the weekend, the price is likely to fluctuate between 3225 and 3400.

Medium-term trend; the current price is in the middle price of medium-term fluctuations, and the price fluctuation range is also slowly shrinking. The key point is that the moving average system of the daily chart has basically gathered together. Only when the price stands above all moving averages and the price stands above the moving average system, the medium- and long-term trend can start again. $BTC $ETH $SOL #美联储何时降息？ #山寨季到来 #比特币走势分析