25/01/18BTC surged to 105865, the W neckline broke through directly, Spring Festival + Trump took office to 120,000!
There have been 7 crypto-related ETF applications in the past 48 hours
VanEck On-Chain Economy ETF
Canary Litecoin ETF (19b-4)
Oasis Capital Digital Asset Debt Strategy ETF
CoinShares Digital Asset ETF
ProShares Leveraged and Inverse XRP ETF
ProShares XRP Futures ETF
ProShares Solana Futures ETF
Yesterday, the U.S. Bitcoin spot ETF had a net inflow of US$975 million, and yesterday, the U.S. Ethereum spot ETF had a net inflow of US$23.9 million. The ETH/BTC exchange rate fell to the previous low of around 0.03187. If it fails to hold, it will continue to break down.
The Ethereum system is generally weak. During this period, we also reminded to sell ETH and add other altcoins. The positions did not rise but fell. Although we received it at 3150 when it hit 3101, we also entered the market at 3000 when it hit 2920, and sold it after the rebound. On the contrary, the expected profit of adding ETFs is more than 20-30%. As for the future, we need to see when the exchange rate will move and then decide whether to hold it.
Flatbread
The daily shark pattern has reached 105865 below 106000, which is also a perfect stage expectation. Since we reminded of the false break, it has risen by more than 15,000 points, an increase of 16%. Yesterday's strong breakthrough of 102724 is also a W neckline breakthrough. There are still two days before Comrade Jianguo will deliver his inaugural speech at 1 a.m. on January 21, and we look forward to big fluctuations.
In the 4-hour chart, a short-term column engulfing appears. The short-term pullback will test the support of 102724. It cannot fall back to the support of the W neckline, otherwise the adjustment time will be slightly longer and the overall direction will remain unchanged.
support:
pressure:
ether
After touching 3525, it fell rapidly. As of the time of writing, it fell to 3288, a drop of 3.8%. The daily line is also close to the upper edge of the descending wedge we mentioned, and it fell under pressure. Pay attention to the support of 3200 below. Pay attention to the opportunity of breaking through after the descending wedge adjustment and shock!
support:
pressure:
As for the altcoins, PNUT and ZEN rebounded strongly in the early stage and the correction is expected to have a rebound opportunity in the later stage. For the altcoins that have been at the bottom for a long time, we still need to pay attention to the possibility that they may continue to break through, which is what we say, the strong will always be strong and the weak will always be weak. After this round of bull market, many weak altcoins will be delisted. This was the case in the bull markets in 2017 and 2020. Only those who can stay in the encryption torrent will become more and more valuable.
