On Monday afternoon, Bitcoin and Ethereum thought analysis!

US President Biden announced his withdrawal, but did not specify whether he withdrew from the entire election or the nomination. The difference is that if he withdraws from the nomination, he can still be nominated again, and if he withdraws from the general election, he will completely withdraw from this election.

At the same time, Bitcoin fell and crashed in the short term. There are two speculations:

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​First, Biden withdrew from the general election, and his supporters sold their tokens in disappointment and returned disappointed.

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​Second, Biden withdrew from the general election, which consolidated the possibility of Trump's victory again, and at the same time allowed Trump's expectations of cryptocurrencies to slowly ferment again, which would inevitably help the market rise.

So, in the eyes of some institutions, it is currently suitable to clear long positions and wait for the market to rise?

For today's short-term operations, there should be fluctuations during the day, and there may be a step-back action like yesterday. The volume of the contract plate in the rise has obviously not kept up, and there is also selling pressure in the spot plate. At this time, it is obviously not so rational to chase high directly. Combining the short-term and market sentiment, the general trend of rising is still obviously advantageous, but it should be noted that the current price has deviated from the moving average, and the return to the moving average support position is near the 66500 area, so we still need to be aware of the risk of retracement.

The short-term hourly chart price rose in the morning and then retreated under pressure. The current K-line pattern is continuous, and the price is downward. The fast and slow lines of the attached indicator are glued together and run in a dead cross. In this way, there is a high probability of a retracement demand in the short term, but this correction pattern gives the US market an opportunity to accumulate energy in terms of time. In the big background, it is normal to follow the pin and step back. The recent trend is basically rising in the early morning Asian session, stepping back in the European and American stages, and rebounding after the next day's closing. So today's Zuoduo time point is in the evening.

BTC short-term operation in the morning: retreat to the 66500-67000 area, the target is 69000-70000!

Ethereum short-term operation: retreat to 3420-3450 area, target 3600-3700! #拜登退选 #以太坊ETF批准预期 #美联储何时降息？