Bitwise has submitted an application to the U.S. SEC for the listing of the "Bitcoin Standard Company" ETF, which aims to provide exposure to the stocks of companies that adopt the Bitcoin standard and hold at least 1,000 BTC in their financial assets. (Cointelegraph)
Bitcoin is about to close its yearly, quarterly, monthly, and even weekly lines, with only a 2-day difference. The volatility is significant, and it is currently in a downward trend. The total value of the largest Bitcoin options contracts in history has reached $14 billion, expiring this Friday, which may trigger severe fluctuations that need to be monitored.
Bitcoin
The upward channel for Bitcoin is under pressure again. If the rebound cannot break through the 0.382 retracement, it will test the support around 92,232 again. The daily chart shows a downward B wave in a correction. If it breaks below 92,232, the downward C wave will begin. For medium to long-term positioning, we are still waiting for one last drop. It is recommended to accumulate in batches during the decline; specific entry points can be consulted internally.
The 4-hour chart has filled the CME gap at 96,678. Focus on the bottom line connecting 90,500 and 92,232; if it holds, short-term trades can be made. If it breaks, we will need to proceed with the C wave decline.
Support: Pressure:
Ethereum
The rebound still hasn't effectively stayed above 3,500, remaining bearish. The strategy for spot trading is to look for opportunities to accumulate in batches during the decline. Positions received around 3,150 should be held.
In the 4-hour short-term, there is a rebound, but we need to see how long it will consolidate here. Similar to Bitcoin, there is short-term support, but the rebound strength is not good. Be patient and wait for the Spring Festival red envelope market to explode; since 2020, every year has provided opportunities, and I believe this year will be no different.
Support: Pressure:
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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