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#加密市场回调# There are two hidden Favourable Information next.
1. The ETF for BNB may be approved from September to October.
2. The ETF for SOL may be approved on October 16.
After the ETF approval, it will bring more capital inflow. Referring to the approval of ETH and BTC ETFs, generally before the approval, the favourable information is still present, and prices tend to rise. After the approval, when the favourable information is realized, there will be a drop, and then the long-term trend will start to rise again.
BTC
Bitcoin has just bounced back after touching 112300 as we expected. The overall strategy remains unchanged; as long as the position of 112300 does not break and the fast and slow lines do not fall below the zero axis, it will fluctuate within a wide range between 112300 and 116200. However, the market share of Bitcoin still stands at around 56, which means that most of the market share is still held by Bitcoin. For the total market capitalization of the crypto market to increase, it relies not only on Bitcoin but also on other altcoins to drive the overall market capitalization up. The rebound strength of Bitcoin this time is indeed relatively weak, so we need to pay attention to another possible drop near 112500, with support at 112500-110500 and resistance at 116200.
ETH
The rebound of Ethereum yesterday was indeed strong, but it has not properly repaired at this position on the daily chart and still needs some time. Currently, the rebound yesterday reached the neckline of this wave around 4378 but did not break through. For this wave of market to continue or to undergo a micro reversal, it must stabilize at the position of 4378 to initiate. If it cannot stabilize, it will fluctuate around 4180 to 4378, with support at 4178-4080 and resistance at 4378-4470.
SOL
Anything below 180 can be purchased in batches. The market is currently criticizing Solana, but this is actually an opportunity.