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The alts trend at the end of last week had a huge impact on the market, and the long altcoin basically erased the pump of several months in two days, and the general 50% Slump led to the leverage being liquidated quite cleanly, with at least 50% of the altcoin Cut Loss, and retail investors in the market fell directly into the emo state. In terms of news, Hong Kong approved BTC and ETH ETFs yesterday, which is a big favourable information, which will further release the needs of the market and will also become a catalyst. LTC IBIT had a net inflow of $73.7 million yesterday. A Whale withdrew $31.5 million worth of ETH and deposited it into Pendle and Renzo at around 9 p.m. yesterday. A Whale buys 244 Bitcoin (worth $16 million) during a market fall. Affected by the news of Hong Kong's approval of Spot Bitcoin and Ethereum ETF, 8 Whale also increased their holdings by 9,787 ETH yesterday afternoon. This also shows that there are still large investors and institutions in the market who are still optimistic about the future market, and now is the time for dealers to be played for suckers with unfavourable information news. This round of Bull Market has gone too fast, and dealer has not yet absorbed enough long chips, after all, the big Bull Market created by Wall Street this time is to play people for suckers the world.
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Bitcoin yesterday's white market shock rose to 66800 line under pressure, the evening U.S. market directly big dump give up all the pump fall to 62400 around the Rebound, or it is difficult to escape the fate of the fall, the more hope is more disappointing; the white disk continued to fluctuate upwards and failed to break through the 67000 resistance suppression, but big dump directly broke the balance. At present, the coin price position is 63400 near the shock operation, the daily level of 60000 integer mark is an important Node of the current trend judgment, at present, although the bottom has come out of a wave of expected Rebound, but it is expected to continue to rise after stepping back, but the market is blocked out of the second bottom, it is important Node still not effectively broken, the current intraday level support point presents a low point of 62500 position, today with this low point to see the Rebound, the first position target at the intraday level to see the 66000 point line, the second target point or to see the 68000 point line, the BTC key point follow-up is still at 72000 points this unchangedOnly by breaking this position and standing firm in the subsequent shorts can we amplify and reach our target position
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The current Ethereum market trend is relatively weak, the white market continued the previous trading day's shock to raise the rhythm of the upward movement to 3277 line under pressure, the evening market followed the Bitcoin trend linkage downward to 3020 to begin to Rebound, today to repair the 3000 mark, these two days need the market to warm up to 3200 points above, that is to say, the market follow-up shock needs to stand firm 3200 points also need to break through the 3600 point position and stand firm, especially the current key point of 3800 points, the early stage has been trying to break through the resistance key point, long times to test 3700 but did not impact the key mouth of 3800Long Wick Candle the establishment of the current support, the first step of the market Rebound is to look at the first line of the 3400-3600 range, and the intraday level first pays attention to the low point of the first line of the support level of 3000, and looks at the Rebound with this support level, and everyone pays attention to the dynamics of the Ethereum on the follow-up trend, and altcoin the performance of the Ethereum in this round of market