Hello, fans and friends, welcome to the president's channel
Yesterday, the big cake had another downward trend, and finally stopped falling this morning. So will the next step be a V-shaped reversal or a break below the support level and continue to fall? The president will give the brothers a direct answer here. There will be a rebound, but it will not rebound continuously. There will be repeated washes in the next month, and even in the next two months. But the president wants to tell the brothers here that winter has come, can spring be far away? No! It's just a matter of time! This time the big cake did not fall below the previous lowest price support level of 56537 on May 1st, so will it fall below this support level again in the next step? In the president's opinion, it will not happen in a short time, but it is inevitable in the long run. There will be repeated washes. The leeks have always lost money in the bull market, not the bear market! Even in the bull market, investment does not rise every day and every time! This process will repeatedly pull the market sideways! Painful torture! But the president can tell the brothers very confidently that the arrival of the big bull is just a matter of time! It will come in September at the latest!
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 90.7%, and the probability of a 25 basis point rate cut is 9.3%. The probability of the Fed keeping interest rates unchanged by September is 37.2%, the probability of a cumulative 25 basis point rate cut is 57.3%, and the probability of a cumulative 50 basis point rate cut is 5.5%. So in July and August, the United States will basically continue to maintain the current interest rate hike status. So when will the interest rate be cut? The president can say very responsibly! It will be at the end of Q3 or Q4, but in Q4, the United States will face an inevitable and definite interest rate cut! The United States' interest rate hike itself is for its own profit, so it is impossible for it to continue to carry out the interest rate hike strategy. The current interest rate hike has reached a small peak state, so it can't become a loss of 800 to the enemy and 1000 to itself, right?
Another piece of news that is worth the brothers' attention is that the U.S. SEC may approve the spot Ethereum ETF as early as July 4. Industry executives and other participants revealed that the U.S. Securities and Exchange Commission (SEC) may approve the spot Ethereum ETF as early as July 4, because the negotiations between asset management companies and regulators have entered the final stage. Asset management companies including BlackRock, VanEck and eight others are seeking SEC approval for these funds. They said that the process of revising the issuance documents has progressed to the point where only "minor" problems need to be resolved. A lawyer working with one of the issuing companies also said that this only requires "final touches" and approval may not take more than a week or two. ETF analyst Eric Balchunas previously expected it to be approved as early as July 2.
But this is a very optimistic prediction. So when will it be passed? No one has an accurate answer at present. But what the president can tell you is that it is only a matter of time before Ethereum rises and spot ETFs are passed.
Regarding contracts: The president’s advice is still to wait a little longer, and buy again after the price drops a little more. Go long at low levels in the long term, and don’t make orders blindly in the short term. The precise position will be given in the community later.
For the altcoins: Brothers can consider ambush in the AI sector, meme coins, RWA track, and try not to touch the altcoin contracts. Spot must also be equipped with a stop loss. Pepe is currently making frequent moves. Brothers can consider buying some Pepe coins appropriately, and don't be too greedy, don't think about eating a fat man in one bite.
