1-7 #BTC

The market fluctuations continued to decrease over the weekend, and the overall fluctuation high points continued to decrease while the fluctuation low points decreased. It can be seen from the image that it is a form of triangle consolidation.

The center of gravity is currently moving upward, and the current 4-hour chip concentration area is around 43700.

The content of the current game is still BTC spot ETF. There are different opinions on the current news on the market, but whether it will pass or not still can only wait for the SEC’s announcement.

For ETFs, we are prepared with both hands. Before the news comes out, the idea is still low. Even if it does not pass, then we have a stop loss and the risk is controllable. But if it passes, the space above will be huge. The passage of ETF will have a great impact on the currency. The circle is a continuous benefit, not just the news landing

If the ETF is rejected or delayed, it will be an opportunity for us to deploy spot products, including the big pie and the currencies related to the Cancun upgrade mentioned yesterday.

In short-term operations, we focus on several points, 43700, 43000

That is to say, we can start placing long orders near 43700, and radically start placing orders in batches at the market price to prevent short positions.

Increase the position at 43400, risk control at 43000, wait and see if it falls below 43000, limited losses in exchange for larger space#BTC #ai #etf