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Bitcoin and Ethereum Trends Analysis in the Evening:
It is said that the ETF review date for Ether is at 4 am tonight. This hot topic is expected to cause Ether to have an independent trend stronger than BTC. If the ETF is approved, the price of the coin will experience a big pump followed by a pullback. However, the expectations should not be too high, after all, those Wall Street guys don't reveal all their tricks. The insider trading has long been set up, so whoever can react faster will be the one to dumb buy. You can also pay attention to altcoins in the Ether series, there may be a chance to make some profit.
I personally expect a delay and wait for the review in August. If the review is approved and then the interest rate is lowered, it would be perfect. Anyway, pay attention at night. If it doesn't pass, the market will definitely pullback. Manage the risk by yourself. Personally, I suggest focusing on observing the contract. The fluctuations at night are like gambling, it's not too late to start after the news passes. Capital is the priority, profit is secondary. Don't lick the knife, refuse to be a gambling dog!
BTC has currently fallen below the bottom support of the 4-hour consolidation zone. It just touched the second support level around 68735 that I mentioned this morning. Keep an eye on this level tonight. If it falls below, it will continue to explore lower levels. Pay attention to the support levels around 66770-66030-65120 below.
If there is a rebound, the resistance level above is around 69030-69680. If it stands above 69680, this wave of decline will end, and the target above is around 70720-71520. #btc
ETH is experiencing an independent trend today, breaking through the third resistance level of 3880 provided in the morning analysis and rising to around 3953. It just rebounded after dipping to the strong support level near 3735 that I provided. Pay attention to the level of 3790 tonight. If the rebound fails to break through, it will continue to decline. As for the support level below, pay attention to the bottom of the long wick candle just now at 3735. If it falls below, pay attention to the levels near 3660-3550-3466.
If the rebound stands at 3790, this wave of decline will end and return to the long side on the 4-hour timeframe. The upper target/resistance levels are around 3853-3938-3994. #eth