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After several consecutive transfers of BTC and ETH to exchanges by BlackRock, instead of selling, they have been in a buying mode—this is a feint to mislead retail investors into selling their positions. Last night’s slow upward trend was actually them accumulating, so shorts should be in a very quick scalping mode. The main trend is still mostly focused on pullbacks.
Today’s support and resistance reference:
BTC
92200-90500-89500
94200-95200-96300
ETH
3130-3050-2980
3260-3320-3380