The surge in ETH holdings indicates that a big market is on the way.
Positions are always one step ahead of the market. The more positions change, the bigger the market trend will be.
This week, the Federal Reserve released its minutes, coupled with global risk aversion, gold broke through a new high, and is expected to see a trend turning point this week.
BTC：
ETF funds continue to flow in, which has a positive effect on BTC. The hourly line rebounded in a V shape, confirming the bottom support. It can be seen that the upper $67465 is the key point for the pin. Only by standing firmly at $67465 can it build a bottom and strengthen, entering a new round of squeeze and pull-up market. With the weakening of long volume, BTC needs to test the high point. Next, BTC will rise to test $67465.
Resistance: 67465, 67854, 68432
Support levels: 66558, 65867, 65342
ETH：
ETH fell back to the 5-day line and rebounded in a U shape on the hourly line, confirming the bottom support. The $3155 above is the key point of the small M head formed on the 18th. Only by standing firmly at $3155 can it build a bottom and move higher. The lows continue to rise, pushing ETH to test the highs. Next, ETH will rise to test $3155.
Resistance: 3155, 3187, 3234
Support levels: 3087, 3036, 2974
