After ten years of hard work, this morning the U.S. SEC officially approved a total of 11 spot Bitcoin ETFs, exactly ten years after the first application for a spot Bitcoin ETF in 2014. The compliance path for the crypto market is now extremely clear, and all crypto market practitioners who are outside the traditional trader sequence have now joined the regular army of financial globalization.

At the stage of ETF speculation, the consensus expectation of the market was that it would bring in USD 10 billion of capital inflows in the short term. Judging from the live broadcast in the evening, public opinion had obviously underestimated the strong market demand. The ETF transaction volume exceeded USD 5 billion in just 20 minutes, and judging from the short-term market feedback, funds will continue to flow in in the next few days.

In the short term, the most unexpected thing in the market is the sudden rise of the Ethereum series. Thanks to the landing of the big bitcoin benefits, the hype of the spot Ethereum ETF has come to the fore. It can be concluded with certainty that the spot Ethereum ETF is expected to be officially approved in mid-2024.

Combined with the Cancun test that will begin within a week and the official upgrade next month, it is hard for me to imagine any reason why Ethereum cannot return to its previous position as the second-largest cryptocurrency. I believe that after Ethereum broke through 2,600 points today, many people who have held Ethereum for a long time, especially those who followed in below 1,700 points, no longer have any doubts about my point of view.

Therefore, the short-term and medium-term coordinated market conditions are expected to maintain a relatively upward trend under high volatility. Since there is a huge high volatility situation, staying away from leverage is still the most important thing at the moment.

That’s all about the fundamentals. Most people are waiting for the bull market to fall and the bear market to rise. But in fact, when the bull market comes, it can only reach a relatively low level and then continue to move upward. In the bear market, except for appropriate rebounds, each wave is lower than the previous one.

Today in the member group, I also told everyone that we should not look at how much a certain sector has risen. These are market feedbacks of the market. What we need to pay more attention to is whether the chips in our hands are secure. When the market comes, what matters is not the amplitude and space of a single coin, but the specific data that we finally pocket.

In the last bull market, there were many coins that increased by 100 times or even 10,000 times, but after a long cycle of market, there are only a few coins that have increased by 10 times. It’s not that we can’t buy high-quality targets, but that we can’t make a reasonable plan.

My conclusion is that no matter what you buy, there will be many more that can double in the future. Every one that doubles should be paid out, and the remaining zero-cost should be stored in a sub-account. When every principal can be paid out, we have already outperformed 90% of the people in the entire cycle at the beginning of this big cycle. The number of zero-cost sectors deployed in the early stage of the bull market directly determines the height we can reach in the entire cycle.

Liang Xi has gone from being a legend in the circle to a joke among people; the King of Bit became a god in one battle and then disappeared into the crowd; Chuan Mu, who was the most popular some time ago, attracted enough attention from the market with his gorgeous transformation from 500U to 100WU in three months, but no one knew that he had paid the tuition fee by making 20 millionW before.

I believe that every partner who follows Uncle San is definitely not a god-level trader. Since we are all ordinary people, in the next cycle, let's work together to manage our accounts reasonably and stably according to the requirements that ordinary people can achieve.

In this market, we are here to make money, and getting rich overnight is the best. If you can't control your hands, everyone should try to keep up with the pace of the community, chat with our assistants more often, and participate in the annual membership plan. In this way, we will not miss this cycle.

BTC: Bitcoin ETF has been officially approved. A few days ago, Lao Yang suggested to lighten the position above 50,000. Whether it is above 48,000 points or above 50,000 points according to my previous thinking, there is no big problem at present. The certainty of the big cycle is no longer a problem. If the position is too heavy, just sell a part of it appropriately. The purpose of small shipments is not because the market will go down. From the perspective of chip layout, the current position needs some liquid chips. The current volatility is a bit high. The strong support for Bitcoin bulls in the short term is above 44,500 points. The high level is to be determined. Let's focus on the upward momentum in the past few days.

ETH: I talked about Ethereum last night (it was blocked). Judging from the current market value and long range, as well as the annual curve, the high point of Ethereum linked to Bitcoin is currently at least around 3,200 points. It is estimated that it will not go up all at once, but with the short-term Cancun and the later ETF hype, there is no doubt that it will go up after the shock. One of the high-profit sectors, continue to pay attention.

SATS: ordi and sats can be added as the focus, and the inscriptions will focus on these two.

Ethereum Layer 2: ARB rebounded first, and OP can reach a relatively low level again, so it is still the focus of attention. Magic should also be paid proper attention, and long-term configuration should be made and intervened on dips.

Member Case: ENS rose 60% in less than 24 hours, and ETC bottomed out at 68%, directly ranking first and second on the Binance growth list! #BTC #etf #XAI #ens