The direction is clear, no simulation or ambiguous analysis is done, for reference only
News: Today's Fear and Greed Index is 73. 1. The total market value of stablecoins rose to $133.267 billion, and the market value of USDT exceeded $94.2 billion. 2. The SEC X account was stolen because the associated phone number was illegally occupied, and two-factor authentication was not enabled. 3. L2BEAT data shows that the current Ethereum Layer2 TVL is $19.91 billion. In the future, the Ethereum ecosystem will be stronger than the Bitcoin ecosystem. 4. The U.S. Financial Industry Regulatory Authority released its 2024 regulatory report, which included a chapter on crypto assets for the first time. 5. Bloomberg analyst: The SEC may announce the approval of the Bitcoin spot ETF between 5 and 6 Beijing time on Thursday.
Technical aspect: Affected by the ETF news, at 5 am, the price of the bitcoin contract hit around 48,100, and then hit around 44,400. Both long and short positions exploded, and those who played the contract suffered. The weekly RSI indicator is very similar to that in June 2019. After forming a double top divergence, it started the falling mode. I remember that it was also affected by the news at that time. The daily level closed with a Yin cross star. Although the price has been rising to new highs in these few times, it has not been sustained. It can be seen that it is a false breakthrough. In addition, the bulls have been rising for three months, and the bulls are powerless. The 4-hour level needs to be paid special attention. If the Ant Channel is closed again for the fourth time, it will be more dangerous. As the saying goes: again and again, three times, three times, exhaustion, exhaustion and decline. Keeping U will not burn your hands. A little impatience will ruin a big plan. Wait for the opportunity! #BTC #ETH #币圈行情分析
