Time 0123
BTC: As Grayscale crashed the market, the currency price reached below 40,000, completing a liquidity hunt (many people set their stop loss at 40,000). From a structural point of view, the currency price has reached the lower boundary of the downward channel, showing signs of stopping the decline, and is expected to rebound within the day today. The rebound height is 40700, 41350, 42200, look at it step by step. Support level is 38800.
ETH: The currency price reached the lower boundary of the daily level channel and rebounded with the market during the day. The support level is 2280, and the pressure level is 2400 and 2470.
Operational suggestions: Neutral to weak. The market will then trade sideways for a few weeks, digesting the selling pressure from Grayscale. Then within 1 to 2 months, it rebounded to around 46,000 to form the right shoulder of the head and shoulders top.
Shanzhai can set a good stop loss and look for strong currencies to rebound.
