Master's Hot Topics:

Yesterday, a total of 95,836 Ethereum were withdrawn from the spot ETF, with Grayscale's ETHE withdrawing 140,214 Ethereum, while the other eight US spot ETFs had a net inflow of 44,366 Ethereum, less than half of the ETHE sell-off.

This means that ETHE investors are not leaving because of high management fees, but because they are not optimistic about the future trend of Ethereum.

Currently, there are still 79,600 bitcoins in Mentougou that have not been transferred to the exchange. The bitcoins on the exchange also need a slow release process.

In the past 24 hours, Mentougou has not continued to release bitcoins to the exchange.

Master's Trend Analysis:

BTC 4-hour chart:

Bitcoin is currently continuing to rise and forming consecutive large bullish candles.

In the current situation, if it is expected to further break through, it is better to pay attention to the resistance at 67.4k. The probability of further rise after a pullback is high, according to the master.

After forming a large bullish candle and staying at a high level, there is a high possibility of another rise after a period of consolidation.

For Bitcoin to further rise, it needs to absorb the selling pressure above, so it is advisable to consider buying at a low level during the adjustment period.

Resistance Reference:

First Resistance Level: 67400

Second Resistance Level: 68200

If the first resistance level is broken, the probability of further rise will be higher.

However, at the current time, it is better to focus on the pullback view rather than expecting further rise. Take appropriate entry positions within the adjustment range where the first support level is held, in order to obtain a favorable average price.

Support Reference:

First Support Level: 66400

Second Support Level: 65700

As there has been a strong upward trend, the master believes that the coin price will fall back to the first support level during the adjustment period.

If the coin price continues to fall below the first support level, the 60-day moving average can be used as the next support level, and favorable risk-reward ratio areas can be set in stages for entry.

Today's Trading Suggestions:

In today's trading, it is advisable to maintain a bullish view on the pullback and use the first support level as a short-term support for ultra-short-term trading.

Today, the first support level, 20-day, and 60-day moving averages can be used as benchmarks, and the first support level is also a favorable average price area with a good risk-reward ratio.

7.26 Master's Short-term Pending Orders:

Long Entry Position Reference: 65300-65700 range for phased long entry, defend 500 points, target 66400-67400

Short Entry Position Reference: 68200-68600 range for phased short entry, defend 500 points, target 67400-66400

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). If you need to learn more about real-time investment strategies, untangling, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Master Chen for learning and communication, hoping to help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% follow the trend; daily updates on macro analysis articles across the network, mainstream coin and altcoin technical indicator analysis, and spot medium to long-term replay price prediction videos.

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