Last night, I accurately grasped the pulse of the market and successfully made a short profit of 1,500 points in the pie and 100 points in Ether. The evolution of market conditions is completely consistent with my previous predictions, which proves that my analysis is quite insightful.
Affected by the Federal Reserve's interest rate decision and European interest rate cut policies, the U.S. dollar index has continued to be strong recently, which has had a significant impact on global financial markets. In addition to the United States, other financial market products are under varying degrees of pressure, including the digital currency market. Although some non-mainstream currencies have hit new lows in the last round of bear market, the overall market sentiment is still weak.
Last night’s news from the U.S. Securities and Exchange Commission (SEC) that Ethereum (ETH) will pass an S-1 Ethereum Futures Fund (ETF) application this quarter brought a slight boost to the market. Although the performance of the big-ticket ETFs was slightly weak, the news did strengthen the trend of Ethereum in the short term.
From my personal perspective, this is not enough to change the current market trend. Although Ethereum has performed strongly in the short term stimulated by the news, it is still not the best time to buy lows.
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