$ETH peaked in the afternoon, beware of BlackRock dumping tonight!
If the Republicans don't get favorable results in this midterm election, the crypto market simply can't sustain the rally.
Looking back at past elections, it's clear that big money always exits early to hedge risks. In such an uncertain situation, institutions are simply unwilling to gamble.
On top of that, the freshly released CPI has directly raised expectations for further rate hikes. The dollar is very likely to return to the 4.0 range, and a large amount of capital will flow back into dollar deposits to earn interest.
Looking at this week's market pattern, swing trades almost always hit a phase top between 3 PM and 4 PM, and ETF funds continue to flow out.
Moreover, BlackRock didn't sell off yesterday, so I estimate there's a high probability they will dump tonight.
The short-term strategy is very clear: focus on this afternoon time window to find opportunities to short. $BTC$OKB#ETF持续流出，BTC反弹能否延续？
