Crypto_心诚
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BTC
This week BTC experienced high-level fluctuations and then a pullback, with whales making over 100,000 times their investment, profiting $9 billion. They crazily offloaded their holdings, which were picked up by over-the-counter trades, and BTC only fell by less than 3%. The situation has changed; in the past, such a scenario would have resulted in at least a 30% crash.
So who picked up this $9 billion worth of BTC? It cannot be ruled out that it was state finances getting involved, such as from Russia, Iran, or the Chinese government, or it could be large 'old money' investors. Over-the-counter purchases would typically involve discounts, for example, around 10%. These new large capital entrants have an average BTC cost around $105,000, and market bottom support is strong!
The overall direction for Bitcoin has not changed; it remains upward. However, the current daily level indeed needs time for oscillation and repair, with the oscillation range still around $116,500 to $120,000. I still maintain my viewpoint on this position, and the oscillation period will be extended. After the oscillation, if it does not break down, there will be an upward spike. During the day, attention should be paid to the resistance above at $119,100 to $120,000. If it stabilizes above $120,000, it will move around $122,000. Currently, the total market capitalization of Bitcoin is gradually decreasing, so we need to pay attention to whether altcoins will take over this position.
ETH
At the current position of Ethereum, as long as it does not effectively stabilize above $3,822, we need to watch for short-term oscillation risks. Because at the daily level, if it does not break through $3,822 with consecutive bullish candles, its short-term structure is difficult to change. Currently, the four-hour and one-hour levels have formed a symmetrical V-shape. Therefore, in summary, this position will still mainly oscillate. Without a good entry point at the moment, more time will be spent waiting. The resistance above is $3,822, and the support below is $3,688 to $3,635 to $3,540.
#币安Alpha上新 $BTC $ETH
This week BTC experienced high-level fluctuations and then a pullback, with whales making over 100,000 times their investment, profiting $9 billion. They crazily offloaded their holdings, which were picked up by over-the-counter trades, and BTC only fell by less than 3%. The situation has changed; in the past, such a scenario would have resulted in at least a 30% crash.
So who picked up this $9 billion worth of BTC? It cannot be ruled out that it was state finances getting involved, such as from Russia, Iran, or the Chinese government, or it could be large 'old money' investors. Over-the-counter purchases would typically involve discounts, for example, around 10%. These new large capital entrants have an average BTC cost around $105,000, and market bottom support is strong!
The overall direction for Bitcoin has not changed; it remains upward. However, the current daily level indeed needs time for oscillation and repair, with the oscillation range still around $116,500 to $120,000. I still maintain my viewpoint on this position, and the oscillation period will be extended. After the oscillation, if it does not break down, there will be an upward spike. During the day, attention should be paid to the resistance above at $119,100 to $120,000. If it stabilizes above $120,000, it will move around $122,000. Currently, the total market capitalization of Bitcoin is gradually decreasing, so we need to pay attention to whether altcoins will take over this position.
ETH
At the current position of Ethereum, as long as it does not effectively stabilize above $3,822, we need to watch for short-term oscillation risks. Because at the daily level, if it does not break through $3,822 with consecutive bullish candles, its short-term structure is difficult to change. Currently, the four-hour and one-hour levels have formed a symmetrical V-shape. Therefore, in summary, this position will still mainly oscillate. Without a good entry point at the moment, more time will be spent waiting. The resistance above is $3,822, and the support below is $3,688 to $3,635 to $3,540.
#币安Alpha上新 $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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