May 31, 2024 Grandpa clocks in
June is coming soon, and in another month, the second half of the year will come. The big bull market of the B-market, which is once every four years, is getting closer and closer. Here is a data for you to feel. As of today, how long do you think it has taken for the SEC to approve the Bitcoin ETF? You can think about it in your mind. I tell you, 138 days have passed, that's right, more than one-third of a year.
We have been talking about ETFs this year, but we have to admit that it has been so long since the Bitcoin ETF came out, and it is a bit unreasonable to still pin our hopes on it. ETF is just a channel, and those who really want to buy have already done so. If we want to attract more funds, there must be other positive factors, either the value of the bitcoin will attract more people, or the overall funds will overflow.
I would also like to express a point of view, that investment is not as easy as imagined. B circle is a relatively easy market to make money, because the overall is incremental, but since the high point of more than 70,000, it has been falling and fluctuating for 138 days. For most people, the value of their positions has been shrinking in these 138 days. If the operation is not good, the principal may have lost dozens of points. How can we make money? Even if there is no loss or gain in the past one-third of a year, if there is no other income, but only expecting excess returns from B circle, the mentality will gradually change.
Judging from the market, the current market is still accumulating strength for adjustment. It is commendable that Bitcoin can still hover at a high level after the ETF has passed for so long, and the previous wave of decline only briefly fell below 60,000. The next step is to continue to wait for the direction. At present, I think with the support of Ethereum, the market will not go too bad, so it is recommended to wait patiently for a retracement.
Thank you for your attention and likes.
