Considering the reasons for ETF, I would generally consider going long, but tonight’s video will add some details.
BTC has been suppressed by the 1-hour EMA200 for the past three days. When it breaks through this moving average or stands firm at 42,900, there will be long logic on the right. However, the grinding time has been long enough now, and the low point of 41300 has been determined. If there is a correction to around 41800, there will be a long opportunity with a high profit-loss ratio on the left.
Ethereum failed to continue its previous strong momentum. After falling below the 2330 area, it regained support and became pressured (you can go back and look at the picture I posted on the 29th for comparison). It tested this area twice at 0:00 and 20:00 on the 31st and then continued. On the downside, it is now in an area of neither up nor down. The next obvious high profit-loss ratio area is at 2170. There is no chance in the 4-hour window, so continue to wait. However, the one-hour level gives a double buff of the previous low pattern + bottom divergence signal, with an opportunity of a profit-loss ratio of 2. The risk of a single transaction should not exceed 1%, and the game rebounds.