Hot topics of Master Chat:
A total of 95,836 Ethereums flowed out of spot ETFs yesterday, of which Grayscale's ETHE outflowed 140,214 Ethereums, while the other eight US spot ETFs had a net inflow of 44,366 Ethereums, less than half of ETHE's sale.
This means that ETHE investors did not leave the market because of high management fees, but because they were not optimistic about the future trend of Ethereum.
At present, there are still 79,600 bitcoins in Mentougou that have not been transferred to the exchange. The bitcoins in the exchange still need a slow release process.
In the past 24 hours, Mentougou has not continued to release bitcoins to exchanges.
Master looks at the trend:
BTC 4 hours:
Bitcoin is currently continuing to rise and has formed large green candle continuously.
Rather than expecting further breakthroughs at the moment, it is better to focus on the resistance level of 67.4k. I believe that the probability of further increases after the correction is higher.
Since the price of the currency remained at a high level after the formation of the big green candle, it is more likely to rise again after sideways consolidation.
If Bitcoin wants to rise further, it needs to digest the selling pressure from above, so you can consider buying at a low level during the adjustment period.
Resistance level reference:
First resistance level : 67400
Second resistance level : 68200
If the first resistance level is broken, the probability of further gains will be higher.
But at the current time point, rather than expecting further rise, it is better to focus on the view of callback. Take an appropriate entry position in the adjustment range where the first support level is maintained, so as to obtain a favorable average price.
Support level reference:
First support level : 66400
Second support level : 65700
Since there has been a strong rise, the master believes that the currency price will fall back to the first support level during the adjustment period.
If the currency price continues to fall below the first support level, the 60-day moving average can be used as the next support level, and a favorable profit and loss ratio area can be set in stages for entry.
Today's trading suggestions:
In today's trading, we can maintain the view of callback bullishness as the main point, and take the first support level as short-term support, so as to conduct ultra-short-term trading.
Today, the first support level, the 20-day and 60-day moving averages can be used as benchmarks, and the first support level is also a favorable average price area with a good profit and loss ratio.
7.26 Master's short-term pre-buried order:
Long entry reference: 65300-65700 range, long in batches, 500 points of defense, 66400-67400
Reference for short entry: 68200-68600 range short in short to defend 500 points target 67400-66400
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