Market summary:
The overall state of the current market, whether from a technical perspective or changes in market data, we have to admit that it is not optimistic. The rebound has always been weak, the market lacks new narratives, and the hype of Ethereum's ETF has only reduced the decline of Ethereum, while the driving sentiment of the US stock market is not obvious, and it is still necessary to determine whether the US stock market will cause short-term capital sucking to the crypto market. And the current rise of the US stock market is not very optimistic.
Overall evaluation, the trend of the crypto market in the short term is worrying, but this is not the arrival of a bear market, but a phased correction. We don't need too much FOMO about the market. But don't panic too much in the decline and correction. Many people like to see 80,000 or 100,000 when it rises, and 40,000 or 30,000 when it falls, which is a bit extreme in emotion.
And after the passage of Bitcoin's ETF, it must have changed the basic composition of Bitcoin. With the addition of ETF, whether it is a change in the investment group or a change in the concept of holding currency, there will be very big changes, and this change will lead to extreme expectations and disappointment for many people.
Treat the periodic decline and correction rationally, especially for users who hold spot positions. Before the halving, we reminded you to control your positions appropriately. Now you just need to wait for the right opportunity to cover your positions. Especially for spot trading, don't pursue the so-called selling at the highest point and buying at the lowest point. Extend the holding period and exchange space for profits.
