Thousands of causes and effects have happened to me. From the trough to now, I have been very optimistic about the continuation of bulls. I have already set the target at 30,000 at the early stage of 24,000. To the current high of 36,800, apart from the influence of the news, there are countless air forces stepping on it. We, who are heads, have been forging ahead and have just seen such a beautiful scenery. Recently, this ETF has been making a lot of noise. Let’s talk about what benefits the ETF will bring to the market.

1. Continued market expectations before the approval of the Bitcoin spot ETF can be considered a positive

2. There will still be a slight sprint after the approval of Bitcoin spot ETF

3. Shortly after the Bitcoin spot ETF starts trading, there will be a large decline after reaching the top, or even falling below the price before the ETF passed.

The following is a rational analysis. Will the bull market come because of the passage of Bitcoin spot ETF?
If the Bitcoin spot ETF is passed now, I think it is not good news based on the overall analysis. This is because it affects market sentiment more by pushing funds on the market to affect prices. Since the world economy has not yet recovered and monetary policy is in an extremely tight state, it is still difficult for funds to continue to flow in. Of course, it is possible to maintain high fluctuations, but it is difficult to last for a long time. We cannot expect that the currency circle will have an independent market. This probability is very small. In addition, it is really a loss for such a major benefit in a bear market. In a bull market, it can rise by 100%, but in a bear market, it may only rise by 30%. Let's take a look at the performance of the US stock market in the near future. If the US stock market falls, there is basically no chance. Based on the current information, I don’t think the adoption of the Bitcoin spot ETF will directly start a bull market.

Today’s evening analysis is as follows
On the daily line, there has been an upward trend of consecutive positives, so under this structure, our general direction will definitely not choose short expectations anymore, and since there has been no strong pin since the pull-up, it shows that there is pressure in the short term. It is not the high point in the morning. I personally expect that the currency price will continue to hit the 37,000 mark in the early morning and gradually recover the losses lost three years ago. If we look at it in four hours, the currency price is continuing to rise. The early trading pressure can be broken, and it has not yet been Friends who entered the market at a low point may consider going long near 700 to see if the position is broken. (Currently long near 36500) #BinanceBlockchainWeek #BTC #etf #ETH。 #BRC20 $BTC $ETH $XRP