The two issues that the market is most concerned about at present are the approval of Ethereum ETF and the dynamics of interest rate cuts.

1️⃣ Regarding the approval time of Ethereum ETF, the market generally expects it to be concentrated in two time periods: July 8 to July 12, and July 15 to July 19.

Many people believe that the possibility of approval this week is higher.

Last week, the applicants submitted updated S-1 documents in accordance with the requirements of the US Securities and Exchange Commission (SEC).

Since the update content is not large, July 8 is expected to be the deadline for document updates, and then enter the final approval stage.

2️⃣ Unless the SEC requests another revision, communication: BNB9978, otherwise the approval process will continue to move forward.

Given the current status of the document, the SEC is unlikely to propose another revision, and it is expected to complete the approval in the week of July 15 at the latest.

The market expects that the approval of Ethereum ETF will inject new vitality into the crypto market, and as the market selling pressure and pessimism are released, market sentiment is expected to gradually improve.

3️⃣ The recent market liquidation data is comparable to the FTX incident at the end of 2022, indicating that the market may be close to the bottom.

In this market environment, investors are advised to avoid emotional bearishness on the market and remain rational and objective.

Pay attention to changes in market structure and fundamentals from a long-term perspective, and avoid making impulsive trading decisions due to short-term fluctuations.

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