2025-3-27 Today's Viewpoint
Last night's pullback has generated various opinions today, but the decline has already occurred, so discussing it further is not very meaningful.
Tomorrow marks the date of the news from March 16, so when everyone looks at news sometimes, if it is not at that moment, it's best to remember the time. Here’s the news:
BlockBeats reported on March 16 that the crypto asset management company 21Shares plans to liquidate two actively managed exchange-traded funds linked to Bitcoin and Ethereum futures amid a general market downturn: ARK21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
Investors can trade shares before the market closes on March 27, with liquidation expected to occur around March 28. It is reported that this decision was made after $1.66 billion flowed out of the U.S. listed spot Bitcoin ETF this month.
It is worth noting that this is a futures ETF, and I understand this liquidation as the delivery of spot and futures. After the delivery, whether the spot will be dumped into the market at market price, and the specific amount is unknown; we can only wait and see.
Whether the tariff on April 2 is really reliable or not is uncertain, and it’s hard to say; it’s truly disgusting...
As retail investors, we can only avoid, avoid, and avoid. It’s better to miss out than to be trapped, especially with some altcoins that experience wild fluctuations; they love to use news for liquidation...
Now, let’s look at the charts.
Ethereum is continuously testing the support and resistance levels, and currently, the rebound strength is not significant. If it gets repeatedly pressured by the slope line upwards, and breaks below the yellow line downwards, the probability of starting a new correction is relatively high.
If Bitcoin had not set a 4-hour low yesterday, the pattern would look much better. It is currently under slope pressure and cannot return above the slope while also accompanied by lower lows. However, the bulls are still present; that long lower shadow proves it.
Sol has a similar pattern, holding the support below while being pressured by the slope.
The daily chart is basically just waiting here for BlackRock's attitude at night. Friends who got in halfway should manage their stop losses well, and those who have positions near the previous lows can continue to hold their positions.
Is the positive effect of Sui this obvious? It didn’t drop last night and is skyrocketing today...
