23:28

During the day, we talk about positions, in the evening we discuss ideas. I am Yaoyang, here are the evening views on BTC and ETH.

BTC

After a low opening in the US stock market, the market has already moved for an hour. From the hourly perspective, after the daytime pullback, there has been some recovery, but this does not indicate that the market will continue to rebound, as the momentum is still insufficient. Fortunately, the several positions mentioned during the day for long positions have only been slightly trapped, and now they can basically exit without loss (it hasn't reached the expected stop-loss point, and I have already exited).

In the evening, we need to pay attention to 113600. If this level is broken, a rebound may strengthen slightly, and we can then look at 114800 or even 117000 above. Conversely, there is still a significant risk of a pullback, and at that time, we need to look at the support levels of 110300-108500 below. Therefore, I choose to exit and observe for a while, as I am not willing to gamble. I do not know if there will be a breakout, so I won't boast about it.

Additionally, regarding the future market, it will definitely rise; this is beyond doubt. Reaching 120,000 or even new highs is only a matter of time. However, the main reason why Bitcoin is currently so weak is largely due to the major players directing more funds into Ethereum. Thus, we often see a phenomenon where Bitcoin falls while Ethereum rises. Once Bitcoin falls to a certain price level without sufficient funds or favorable news to support it, the main players will step in to pump it up. Isn't this a form of wash trading? It washes out retail investors like us, so it is better to stay cautious for now. If we don't understand it, we shouldn't touch it.

As for ETH, there isn't much to say. In the evening, let's first look at 4700. If this level is broken, the rebound may strengthen a bit, and we can then see 4780-4880 above. On the downside, support is at 4500-4450-4375.

Friends holding long positions in the square, just observe those several levels. I wish everyone good luck and hope you reap a bountiful harvest. #比特币远古巨鲸持续出清