Macro Fundamentals
Wells Fargo and Bank of America Merrill Lynch have started offering Bitcoin ETFs to their clients.
On March 5, 2024, the U.S. Securities and Exchange Commission (SEC) made a decision on Fidelity's proposed Ethereum spot ETF. The SEC believes that it is more appropriate to designate a longer period to take action on the proposed rule change, allowing sufficient time to address the issues raised.
In March, there are two major news events: interest rate cuts and the approval of the Ethereum ETF. If these two pieces of news can synchronize and be beneficial, then the current high point will be the starting point for the future.
BTC Market Analysis
Currently, it is acceptable to operate short positions after the pullback, but long positions should be avoided. The short position is in the 61550 range, with resistance at 62300. If there is another breakthrough, the double bottom at the bottom has already formed, and the market will continue to rise. Conversely, if it breaks below 60500, it is advisable to position long at the 59500 range for stability.
Summary: Short-term short positions are the main focus in the short term, with a reference price of 61500; the overall direction is still bullish, with a reference price of 59500.
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。
