News shakes the cryptocurrency market at any time. All moving average theories and K-line become really nonsense in front of news:

U.S. SEC approves BlackRock's iShares Bitcoin Spot ETF

According to Cointelegraph, the U.S. Securities and Exchange Commission approved BlackRock's iShares Bitcoin Spot ETF.

Fox Business Reporter: BlackRock Confirms Bitcoin Spot ETF is Still Under Review

According to a post by FOX Business reporter Eleanor Terrett on social media, BlackRock confirmed to her that the news that ISHARES's spot Bitcoin ETF application was approved was false, and its application is still under review by the regulatory agency.

However, we have not seen the approval news from other channels so far. We will continue to pay attention to the changes in the news. Bitcoin broke through 28,000 US dollars and instantly pulled up to 30,000 US dollars and then plunged rapidly downward. The trend of Ethereum is the same as that of Bitcoin. This trend is a typical explosive contract. Tonight, the contract market will see a double kill of long and short positions again.