The cryptocurrency market was dull and boring over the weekend. Let's first look at the news events that need to be paid attention to this week:
On January 23, the BNB Smart Chain Kepier hard fork took effect on the mainnet
On January 25, the U.S. SEC made a decision on Grayscale Ethereum spot ETF
As we all know, since December, Binance BNB has been like a Pixiu that lays golden eggs. It has continuously launched zero-cost mining projects (ACE.NFP.AI.XAI.MANTA and ALT that is being mined), making BNB significantly stronger than other mainstream currencies, and the price of the currency has been stable above 300. From the BNB 4-hour entanglement theory structure chart, it is running in the upward section after the 4-hour three-buy, and the probability of breaking the 338 high point is not small. Holding BNB not only gets airdrop profits, but also enjoys the price increase brought by the large-scale buy point, which is perfect.
Another focus is that Grayscale Ethereum spot ETF is about to make a decision. It is difficult to judge whether the SEC will approve it this time. However, it is only a matter of time before the Ethereum spot ETF is approved, and there is also the positive support of the Cancun upgrade. This account believes that the focus of future capital speculation will be on the Ethereum system, and there is a high probability that the ETH/BTC exchange rate will rise. From the ETH 4-hour structure chart, it is also in the 4-hour level three buy point range. It can be arranged in batches, and at least take a 4-hour upward line segment.
First look at the 4-hour chart of Bitcoin. After the 4-hour downward line segment appeared as expected, the price has come below the center. The yellow box is the maximum range of the new center. Moreover, the three-syllogism divergence appears inside the downward line segment and is rebounding, reaching the buying point range of the third buying point of the 4-hour center. To determine whether the downward segment has ended, at least two buys must appear, which corresponds to the secondary level 30-minute two buys.
Looking at the 30-minute chart, the current 30-minute consolidation diverges upward. Due to the weekend, the volatility is small and the rebound strength is average. The future trend here is relatively complicated. Conservative people can patiently wait for the right opportunity of the 30-minute second buy to get on board.
The above analysis is for reference only and does not constitute any investment advice!
