MicroStrategy announced on April 28 that it had purchased 15,355 BTC worth $1.42 billion, and previously announced that its war reserve was around 10,000,000. Today, Beard announced that ETFs had inflows of $970 million… The chicken institutions are spreading good news, sharpening their knives and waiting for retail investors to put their heads into the guillotine…
Let’s look at the technical side:
When the market breaks the cross star of last month, BTC will turn into a seven-wave bull market pattern, and then look at the wife... However, ETH is in a bear market pattern;
Reasoning: Bitcoin has been in a correction wave with many twists and turns, and ETH is consolidating at the 60-day pressure line. Obviously, there is not enough time for consolidation. This time it needs to continue to test around 1385, and then rise below the 120 pressure (ETH is weakly expected to be 2000 US dollars), and then continue to test until it is consolidated below the 120 moving average to form a double VV structure. Only then will ETH's technical side meet the requirements for rising.
The exchange rate is currently at 0.01924. It is currently expected that the exchange rate will have one last drop. The day before yesterday, Zhuli controlled the market to rise, suppressing the Ethereum points. The exchange rate showed a drop that broke the normal control (a normal drop in the exchange rate means a double drop in Bitcoin and ETH).
After the sleight of hand used to suppress Ethereum points to deceive retail investors the day before yesterday, now that the exchange rate has rebounded and Bitcoin has also risen, as long as the exchange rate falls, Bitcoin and ETH will definitely fall.
