BTC and ETH plummeted, wait-and-see sentiment intensified before halving, and institutional funds flowed out
There are still 2 days before BTC starts halving, institutional wait-and-see sentiment intensified, and ETF funds are continuing to flow out.
At the same time, the US dollar soared, and the corresponding yen and won plummeted. BTC and US stocks weakened. It is expected that the new bottom will be confirmed after the halving.
BTC:
The approaching halving has a positive effect on BTC. BTC is still in a downward trend. The top of the hourly line is lowered along the 5-day line, indicating that it is facing resistance and selling pressure. BTC has a large volume of pins and needs to test the high point. 👗加威♥: 62623 US dollars above 362014583 is the key point of the resistance line. Only by standing firmly at 62623 US dollars can it build a bottom and strengthen, and enter a new round of bullish rush. Next, BTC will rise to test 62623 US dollars.
Resistance: 62623, 64437, 66034
Support: 60456, 58326, 57026
ETH:
The change of whale addresses on the chain has played an expected role in selling pressure on ETH. ETH is still in a bottoming trend. The hourly line is flat, waiting for the halving to land. The upper $3064 is the key point of the resistance line formed on April 12, 4.15, and 4.17. Only by standing firmly at $3064 can it build a bottom and strengthen. Next, ETH rebounds at 3064 to test $3064.
Resistance: 3064, 3143, 3206
Support: 2946, 2897, 2856