Bitcoin has risen for 8 consecutive days, reaching $74,300, during which $143 million in shorts were liquidated, marking the first consecutive rise since December 2020.
Reason: Broke through the resistance at $72,500, leading to short covering flooding into buy orders; the situation in the Strait of Hormuz has eased, and oil prices have dropped; investors are preparing for the FOMC meeting.
Ethereum performed impressively, rising 7.6%, with a total market capitalization of $2.52 trillion, alleviating market panic.
Focus: Resistance at $75,000, support at $72,000; trading volume and the FOMC decision will affect the next wave of trends.
#BTC☀
Reason: Broke through the resistance at $72,500, leading to short covering flooding into buy orders; the situation in the Strait of Hormuz has eased, and oil prices have dropped; investors are preparing for the FOMC meeting.
Ethereum performed impressively, rising 7.6%, with a total market capitalization of $2.52 trillion, alleviating market panic.
Focus: Resistance at $75,000, support at $72,000; trading volume and the FOMC decision will affect the next wave of trends.
#BTC☀