News

1. According to Cointelegraph, the scale of tokenized RWA may reach 1.3 trillion US dollars by 2030, not 30 trillion US dollars

2. Long-term Bitcoin holders have increased their holdings by 262,000 BTC in the past 30 days, and their total holdings account for 75% of the supply

3. BOC International Securities is launching a virtual asset futures ETF

Review: Last week, the probability of ETH retreating to around 2430 again on the daily line was greater than 80%, and at least two needles stabilized before rebounding. However, Powell's remarks ignited the bullish sentiment, resulting in a small rebound in the past few days. It is recommended that everyone open a long position and stop loss on short-term long orders. Yesterday, the US dollar index was in an oversold state on the daily chart, and the continuous outflow of spot funds in the currency market due to Grayscale's continuous selling pressure led to upward pressure on Bitcoin and Ethereum, resulting in a wave of declines.

Market now: ETH on the daily line has rebounded at the Fibonacci retracement XXX point, and the hourly line has closed the cross star market reversal at 9 am, and the short-term retracement in the afternoon marks the restart of the upward trend.

Market future: Fed Chairman Powell's dovish voice said that the time has come for policy adjustments, so the September rate cut is a foregone conclusion, and the subsequent market sentiment has recovered by more than 80%. Overall, the positive changes in fundamentals and technical signals complement each other, and market sentiment is bound to be dominated by greed. In the long run, the market may maintain an upward trend.

ETH long 2488 entry 2448 stop loss 2548 take profit $ETH