Bitcoin is about to have a big breakthrough. The overall situation of Bitcoin spot ETF has seen a large-scale termination. For several consecutive days, the holdings have increased by nearly 10,000 coins. Therefore, large institutions are constantly entering the market to buy the bottom. I said yesterday that Bitcoin institutions have completed the bottom buying. It has not broken through the daily level. To break this large level, it must break through the 70,000 US dollar level. However, the current price is more than 58,000. From the one-hour level, there is a small increase. MACD has crossed the zero axis, which means that the one-hour level has a relatively strong momentum to test the upper position within the day. Yesterday I said 5850. If it reaches 0, it will go up to 59500, and today it has indeed reached the target price. It is currently testing the level above 60,000 US dollars. Once this position is broken, it will definitely test the four-hour level. There is a suppression at the level of 60,700 US dollars. Once this position breaks through the one-hour level and the four-hour level, then we will look at a farther position. After this position is broken, it can return to the level above 68,000. If Ethereum follows this trend, it will definitely test the upper position. If it falls back, it may go to the middle position of more than 57,000, which is also a good opportunity to enter the market and go long.
So now it seems that there may be a wave of counterattack. The specific counterattack must break through the key nodes before a big rebound can occur. At present, a rebound of several thousand points is a very normal phenomenon. After all, there are still a lot of short orders in Bitcoin in the past period of time. The rebound from the bottom is also 5,000-6,000 points, which is close to a 10% rebound. The current resistance point is at the upper level of 60,700, a four-hour level resistance point. Now it seems that encryption has ushered in a big wave of market soon, and it may break through a wave upward, and there will be a strong rise.
The overall situation is very good for Bitcoin. Ethereum will also launch a spot ETF in the next few days. Bitcoin has also launched this spot ETF in Australia and there has been an increase. 80 bitcoins flowed in on the same day, indicating that a real situation has emerged in various European and American institutions and developed countries. Germany has no reason to sell its chips. At this time, more people will rush to grab the chips, so Ethereum may be a battleground in the future. It forms a small rising channel at the one-hour level and follows a Z-shaped trend. Therefore, once the upper edge of the rising channel is broken at the $3,150 position, it will go up to test a resistance point at the upper four-hour level. It was unable to break through this point before. Once the test is successful, we will go back and see the previous $4,000 to a new high level, then we have to make some operations at the daily level. There is still room for operation now, and we still maintain a low-to-long operation as the main operation. Now at the $3,100 position, there will definitely be an increase through the spot ETF, and in the latest news, many institutions have predicted that a Bitcoin interest rate cut is coming, so after the interest rate cut is coming, there will definitely be a wave of increases to make the market hot in advance, and after the interest rate cut, there will be another climax to form a small bull market accumulation. The possibility of this accumulation has formed a very obvious callback and wash-out action some time ago. After the wash-out is over, there will definitely be a larger level of price movement. Now we see that this price movement must be arranged in advance, because Because the previous wave of market has fallen from the upper position to the lowest position below, the decline has been as high as 30%, which is enough to form a wash-out action. Most of the positions have been liquidated, unless there are some that have doubled or even 1.5 times, which have not been liquidated. Even the whales will be liquidated, and part of the staked funds will also be liquidated. Therefore, Ethereum is healthy enough and has the momentum for upward growth. This kind of market will definitely drive many altcoins. Many altcoins have rebounded slightly, which means they have been lurking for a long time. This upward momentum is already ready to move. Once the interest rate cut begins, the entire encryption market will see an epic rise of 50% in a day, and there are many currencies that will rise by 100% in a day.If you are interested in Wang Yun, you may find Wang Yun. That’s all for today.#美联储何时降息？ #德国政府转移比特币 #美国大选如何影响加密产业？ #BTC下跌分析 #BTC☀ 
