The story of Ethereum ETF finally came to an end. The news was not released in time at 4 am. Some major players thought that the announcement was postponed or rejected, so they directly smashed the market. BTC was smashed to around 66310, and fell back from the high of 72000 to nearly 6000u. The direct result is that after the good news landed, the long losses in this round of market were more severe than the short losses.

Currently, Bitcoin is running around 67500, returning to the starting point of the market. The news has landed, but it is still far from the Ethereum ETF. There is still some time before the official trading, so there is no situation where the good news turns into bad news. The main force can continue to speculate at this stage, so the market is likely to fluctuate upward during this period.

The current chip structure is relatively healthy, the wash below is thorough enough, and the pull-up is rapid, so the car is actually very light. If there is no independent narrative in the future, it is likely to be linked to US stocks and gold, and it is difficult to have an independent decline. In the medium and long term, any decline is an opportunity for layout, and spot can continue to absorb at a low price.

In the short term, 67000-67500 is the turning point of the long and short positions of the entire breakthrough market, which has a certain supporting role. As long as it cannot effectively fall below 67000, we still look at fluctuations in the short term. The fluctuation range is 67000-72000, which is currently at the lower edge of the range. The short-term rebound is expected.

In terms of operation, the 67000-67500 range is an opportunity to layout short-term long orders, with a target of 68500 71000