Hot topics of Master Chat:
Yesterday, the total trading volume of the first Ethereum ETF trading day was about $1 billion, which was 23% of the first day's trading volume of the spot Bitcoin ETF. This figure is less than the previously expected 25% to 30%.
As of now, the second day trading volume of Ethereum spot ETF has reached 950 million US dollars.
The most anticipated event this week is the upcoming Bitcoin conference. The famous spherical building in Las Vegas has been replaced with the Bitcoin logo, and the entire crypto is paying close attention to it.
In addition, many people are expecting Trump to make a surprising speech. A large number of American media and BTC believers are FOMOing this meeting, so we can pay close attention to it.
Master looks at the trend:
BTC 1 hour:
Currently, Bitcoin is in a bearish trend and continues to fall. As Master said in his article a few days ago and in his medium- and long-term analysis, the market must see a medium-term level correction before retesting 70K.
As U.S. stocks fell, the market fell as a result of disappointing performances of some big tech companies and a massive sell-off of technology stocks.
At the current point in time, if Bitcoin fails to consolidate its bottom and rebounds weakly, it is necessary to pay attention to the risk of further decline and trade with caution.
Resistance level reference:
First resistance level : 64300
Second resistance level : 65000
If the price breaks through the short-term resistance level of 64.3K, the upward trend will increase. The current K-line has formed a lower shadow, and a short-term technical rebound is expected.
If the rebound is weak and the trading volume is low, the probability of further decline will increase.
Support level reference:
First support level : 63500
Second support level : 62800
In the short term, 63.5K can be set as an important support. If it is adjusted to the first support again, the downward trend will still increase.
Today's trading suggestions:
In today's trading, since the lower shadow line was formed after the coin price fell sharply, it can be judged as a small-level bottom and the view of short-term rise is maintained.
Since the market may go sideways for a short period of time after a decline, it is recommended to fully observe the small-scale time trend before entering the market.
7.25 Master's short-term pre-buried order:
Long entry reference: 62400-62800 range, long in batches, 500 points of defense, 63500-64300
Reference for short entry: 65000-65400 range, short in short, 500 points of defense, 64300-63500
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