From the weekly line of Ethereum, this week is the third week of continuous decline. If Ethereum is in this trend, the trend of Shanzhai is even more difficult. Most of them have hit lows, or even hit new historical lows. Under this background, a rebound should not be far away. It is expected that there will be good opportunities in the second half of June! It is said that our circle is closely related to the Nasdaq in the United States. Now that the Nasdaq has already hit a new high, I believe that the new high of Bitcoin will not be too far away.


As I said yesterday, besides the sufficient time for adjustment, it has been almost two months since the halving on April 19! From the perspective of historical cycles, the real bull market will start after the Bitcoin halving, which is the market consensus. In addition, the Federal Reserve will definitely cut interest rates this year. The current market expectation is in September. If there is speculation in advance, the time will also coincide. Secondly, the current US election regards encryption projects as an important part of the competition, which is a massive publicity. Ethereum ETF has also received good news. The chairman of the SEC is expected to approve it this summer. It seems that all the signals are telling everyone that the hard days are about to pass, and the next period will definitely be a good month with many opportunities to make money!


In terms of market conditions, TON has once again hit a record high, reaching around $8 in the morning. As far as OKX data is concerned, it has increased 10 times from the bottom, and has increased nearly four times since the launch of BN. In the case of an overall market decline, there are always some varieties that rise against the trend. In fact, every project has its cyclicality, just like OKB, which has been rising all the way in the previous bear market. At that time, it was because of a series of negative news from BN that benefited the growth of OKX. At that time, BNB also fluctuated and adjusted in the range of 200 to 300 for a long time!






The purpose of saying this is that each project has its own cycle. Don’t change positions at will just because other projects are rising. Maybe your project will also be able to flourish! Everything is just a matter of time. After the price of Bitcoin rises, Ethereum rises, and Ethereum rises, the mainstream will take over, the mainstream will take over, the copycat will take off, and the cycle will end after the chaos. It is still in the second stage of hype, so be more patient, don’t chase the rise and fall, hold your chips! Wait for the wind to come!


Bitcoin is hovering around 66,000 and has not yet received effective support. We need to continue to observe. If it effectively falls below 66,000 in 4 hours, it will continue to look for support downward. If it fails to fall below, it will enter a period of shock adjustment.


Use some simple logic to understand the current market situation:


1. Bitcoin monthly chart shows that the bull market is very obvious. Currently, the monthly chart has only crossed a few lines. It is normal that the price is consolidating near the new high, washing out the profit-taking, and providing support for the next wave of rise. As I said before, the maximum correction to 60,000 is the limit, and it may not reach that level yet.

This phenomenon occurred when Bitcoin reached $6,000 in the 2017 bull market and before the start of the second wave of the main upward trend in 2020, when Bitcoin was around 10,000 yuan. (It consolidated around 10,000 yuan for 6 months)


2. Shanzhai needs to learn to delay the enjoyment: the siphon effect of Bitcoin is still there, and the hot spots of Shanzhai are still there, but they are delayed in time as the cycle changes. Especially now that there are so many leeks and so many currencies, the main players are also waiting through the wash, taking advantage of the momentum to launch opportunities. (The indicators of Shanzhai for Bitcoin are currently at the bottom, pointing to the eve of the outbreak)


3. Adjust your mindset: Many people are now doubting that the bull market is about to end, because they are going crazy because of the torture of the market. The more pessimistic voices there are, the healthier the main force is washing here.


4. With so many favorable factors in the future to provide support, the second half of the bull market is bound to come!


1.ETH ETF

2. Prague

3. Expectations of interest rate cuts and substantial inflow of interest rate cut funds.

4. The US election obtains votes from crypto users and releases more favorable policy news.

5. The Basel Committee on Banking Supervision will allow banks to have a 2% crypto reserve exposure.


The current situation is a typical bull market, with a period of rise and then a period of sidewaysness, especially for copycats. In the bull market, they take three steps forward, three steps back, and then run six steps. The time for copycats to explode is actually very short. The six steps are in the last 1 to 2 months of the bull market, and then the whole battle is over.


Making money depends on luck, keeping it is up to you!





Many people have no idea about the approval of Ether ETF S1


To put it simply, ETH's ETF spot can be traded normally only after Ether ETF S1 is approved. Only after normal trading can the outside liquidity flow into the market. Once the liquidity enters and drives ETH up, the real cottage season will arrive!


Therefore, when this big market comes, it is the last time to prepare for a rainy day. There are less than two months left until the end of summer. For many short-term players, it may be a long time, but for spot players, two months will basically pass in the blink of an eye.


Why is this wave of opportunities so great?


Bitcoin has reached a new all-time high, and there is no need to say more about the momentum and liquidity that support Bitcoin's continued upward movement, right? A large part of the rise is driven by ETF spot inflows!


As long as S1 is passed, Ethereum will officially become a regular army. I won’t go into details about how large the amount of funds outside is. Once a small part of it pours in, Ethereum will soon usher in a strong period, and it is not impossible to directly rise to a historical high!


As long as the leader of the altcoins, Ethereum, takes off as an example, it will drive the entire first layer, second layer and other related altcoins to rise in turn. The accumulated emotions will be directly released. Coupled with the fomo emotion, it can be said that as long as you catch this train, 50%, 60%, 80% or more than 100% is possible!