Hot News:
In the past week, the net inflow of Bitcoin ETFs reached $997.7 million, marking positive growth for the third consecutive week.
Vitalik responded to the foundation's decision not to stake ETH: he does not want to be forced to make an "official choice" during a hard fork and is considering providing some subsidies.
Zhejiang police cracked a money laundering fraud case involving the "China International Plum Blossom Association" using virtual currency, with an amount involved exceeding 58 million yuan.
DefiLlama data: The TVL of the Solana network grew nearly 20% in the past week, reaching a new high since January 2022.
Under what circumstances can ETH rebound?
Just look at the preference for funds, corroborated by on-chain comprehensive activity data.
When is it more appropriate to intervene? The principles are:
The trading volume of ETH on exchanges should account for 50% or more of BTC (currently at 35%).
Perhaps by the time it reaches 50%, the price of ETH will have already risen, but it will definitely not be at its highest. However, the trend must be confirmed before executing the strategy.
The number of active addresses on-chain reflects the prosperity of the ETH ecosystem to some extent, and it needs to show a sustained upward trend.
The number of transactions and trading amounts must increase simultaneously, especially the trading amount, which is an important basis for measuring whether large funds are participating.
BTC
Yesterday's daily report provided two scenarios, and the market followed scenario 2: the price broke above the 67,400 support-resistance level, targeting 68,100-68,700! The price peaked at 68,332! Profit-taking as expected! Currently focusing on the small-level rejection opportunities at 68,100-68,700 and the accumulation buying opportunities at 67,000-67,400! A breakthrough above 68,700 looks towards 69,000-69,500! If it falls below 67,000, look down to the previous low of 65,260 and below!
ETH
Yesterday's daily report suggested focusing on the accumulation buying opportunity at 2,460-2,440, with the price hitting a low of 2,464! Partners with good timing may have boarded, targeting 2,530-2,570, with the price peaking at 2,527! The levels provided were very precise! Everyone should set their take profit and stop loss orders without placing them at round numbers! Leave some room for transactions!
Currently focusing on the accumulation buying opportunity at 2,470-2,440 and the rejection opportunities at 2,530-2,570! If it falls below 2,440, it will continue to test the demand zone at 2,420-2,330, and a breakthrough above 2,570 looks towards 2,580-2,620!
SOL
Positions at 159-161 have reached the take profit range of 174-177 as expected! This profit segment has been very smooth! Currently, if you have seized the rejection opportunity at 174-177, manage your stop loss well, targeting 168-166!
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