Market Analysis

$BTC : Bitcoin said yesterday that the next 4-hour level of 66,000 is very critical. If it can hold this position and not effectively fall below it, then it will soon start the rising mode. If it effectively falls below it, it will enter a period of shock adjustment in the short term. However, no matter how it moves in the short term, it will not affect the explosive market at the end of the year.

$ETH : Ethereum is still a weak group. The exchange rate against BTC plummeted again last night. Now it has the intention of testing the key point of 0.05 again. However, I personally think that the news of ETF will come intensively in the future. Once the time node of ETF approval is determined, the market will definitely hype ETH. Therefore, I still have confidence in ETH this month, but I don’t think the trend of ETH will be very good after the listing of ETF. After all, ETHE has too many coins to smash the market, so I think the market of ETH in July is not so good.​

The foundation has been selling coins. When the market is going up, it has no impact on the price. When the market is weak, the foundation's operation will definitely have a huge impact on market confidence. But I personally think that everyone does not need to be too fud about selling coins. The ETH narrative is not a game of running fast. If low-priced chips are not changed hands, even if the ETF is approved, large funds will not dare to come. Only when the overall market capital cost continues to rise, subsequent buyers will be willing to continue to push up prices. Therefore, in the long run, the foundation's shipment is good, and don't forget that there is still the ETF S-1 review at the end of June. This still has hype value, and the price will not go down all the time.