BTC 1-hour:

As Hong Kong officially launches the Bitcoin spot exchange-traded fund (ETF), Bitcoin has gained market support and is showing an upward trend. This is the first Bitcoin spot ETF in Asia, following the United States.

The market is closely watching how this will drive new capital inflows and potentially push up the price of Bitcoin. However, due to the negative attitude towards virtual assets in China, it is expected that the inflow of funds may not be significant.

Today, based on the analysis of the chart from yesterday, the price has broken through the upper boundary of the downward channel. Currently, in the short term, the main strategy is to be bullish and adjust positions.

The first resistance level for the day is 63900, and the second resistance level is 64500. Once the price breaks through the first resistance, the likelihood of reaching the second resistance will increase. However, due to the significant morning drop with a long lower shadow yesterday, it is expected that the correction will not occur immediately during the day, but rather gradually adjust the low point and rebound gradually.

The first support for the day is 63440, and the second support is 63000. The current first support is a favorable average price point in the short term. If the price falls below the first support, it is possible to form a new downward channel.

If the price enters a downward channel, it is important to pay attention to whether a long lower shadow forms on the upper boundary of the channel to support it. Currently, in the short term, the key level for the strategist is the maximum downside target of 63000. If the price falls below this level, the strategy will be reconsidered.

In addition, for today's trading, the strategist will take a short-term bullish approach because with the start of trading for the Hong Kong ETF, it is expected that some new capital will flow in. Therefore, the strategist will look for opportunities to adjust the trading direction.

4.30 Strategist's Short-term Pending Orders:

.

Long reference: 43440, 63000 Profit: 800-1000 points, take profit at your own discretion

Short reference: 63900, 64500 Profit: 800-1000 points, take profit at your own discretion

This content is exclusively planned and published by Strategist Chen (WeChat public account: 币神师爷陈). If you need to understand more real-time investment strategies, untangling, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Strategist Chen for learning and communication. Hopefully, it can help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily macro analysis articles updated across the network, mainstream coin and altcoin technical indicator analysis, and spot mid- to long-term replay price prediction videos.

Friendly reminder: Only the column public account (as shown in the image above) is written by Strategist Chen. The end of the article and other advertisements in the comment section are unrelated to the author. Please discern carefully between true and false. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。