Before the news landed, Ethereum rose first and then fell, and Bitcoin plummeted 3,000 points!
The long-term ideas we laid out also broke out in this round of decline. Risk warnings were also given in the evening, and small stop-loss tests were tested!
Judging from the current trend, the SEC's review of the Ethereum spot ETF has not yet announced the results. Ethereum rose first and then fell, driving the Bitcoin price to fall together. In this case, the first step of the callback will be a good thing
The first step of the decline and wash made the quiet market active again. Everyone was waiting for the news to be announced in the early morning. The main force's early wash once again affected the market's hearts. The first step of the callback may be more conducive to the upward trend in the future!
The lowest price of Bitcoin came to the bottom of the four-hour Bollinger band near 66,800, and the lowest point of Ethereum also came to 3690, which is also the middle track support of the four-hour Bollinger band, and the daily level Ethereum also recovered initially!
Continue to pay attention to the announcement of the SEC review results. As long as it passes, the subsequent rise will continue. The short-term callback does not affect the subsequent long-term benefits!
The bottom of the bitcoin price focuses on the support of the 66800-65600 range. The four-hour price has also initially recovered. Wait for the hourly line to recover. Long orders can continue to try. If 67400 stabilizes and moves upward, you can chase a small round of long orders and defend 500 points!
The trend of Ethereum is still quite strong. The bottom support is very strong, and the hourly line recovers very quickly. Pay attention to the short-term support of 3765-3720 at the bottom. You can also participate in the long orders that stabilize here, with a 40-point stop loss!
At the same time, you also need to pay attention to the review results of the SEC. If it is postponed again, then this round of callback has not yet reached the end, and short orders can be directly entered!
