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$ETH $BTC The U.S. stock market will open in about an hour. Have you all chosen your direction?
Brother Cang is here to briefly analyze the evening market:
Recently, institutional player BlackRock has been continuously selling, moving BTC and ETH to exchanges to sell. Combined with the ongoing net outflows from spot ETFs, there is simply no new capital to absorb the supply, and market panic is still increasing. So don't be tempted to buy the dip easily!
Brother Cang's trading strategy remains unchanged: short from highs. The U.S. stock market is expected to see a wave of institutional selling tonight, as U.S. stocks have been weakening persistently. The market is still in a weak downward trend, and the momentum of each rebound is simply insufficient. Therefore, Brother Cang suggests:
Place a short order near 1600 for Ethereum, targeting the 1550-1520 range.