Good morning, brothers. A new week has begun.

Last week, we experienced the approval of the first phase of Ethereum ETF, and ETH soared.

Those who bought ETH after reading the analysis made a lot of money.

In addition, several US economic data that exceeded expectations last week,

the hawkish FOMC meeting minutes and the position of multiple Fed officials not to cut interest rates,

have caused the currencies outside the ETH ecosystem to slump.

This week, pay attention to three major events:

(1) Will Israel's attack on Hamas trigger a large-scale conflict?

The current negotiations have broken down, and there is still very strong public support in Israel to continue the war.

If there is a small-scale conflict, it will be fine, but if it is involved in the conflict between Egypt and Iran, it will cause BTC to plummet.

The probability of a large-scale conflict is 30%.

(2) The US PCE data for April will be released on Friday night.

It will be released at 8:30 p.m. on Friday.

If it is higher than expected, it will be bearish.

If it is lower than expected, then it will be awesome.

BTC is expected to challenge the previous high!

(3) The U.S. Treasury Department repurchased U.S. debt for the first time in more than 20 years

Starting from Wednesday this week, the U.S. Treasury Department will launch a series of U.S. debt repurchases, which will indirectly benefit the cryptocurrency industry

The Treasury Department repurchases a large number of Treasury bonds, reducing the supply of Treasury bonds in the market, thereby pushing up Treasury bond prices and lowering yields

It is good for risky assets in the cryptocurrency industry

I asked everyone to deploy a 10% position in ETH before, and continue to hold it patiently

It is relatively easy to break $4000 if there is no black swan this week

Now the recommended position is 70% #现货以太坊ETF获美SEC批准