Sun Ge wrote that he believes that the SEC will not approve the Ethereum spot ETF in May, and does not recommend that everyone follow up and buy. Judging from the Ethereum spot ETF approval event, the current news can confirm Sun Ge’s statement, and there is a high probability that it will continue to be postponed. However, after Sun Ge bought it himself, he advised everyone not to follow blindly. If you are not afraid of not finding someone to take over, then it is to hedge your assets.

CZ will face the final trial tomorrow. A large number of cryptocurrency tycoons before CZ, including the well-known Afro who was sentenced to 25 years, OTC tycoon Zhao Dong who also worked on a sewing machine for two years, and Lao Xu who retreated to the second line after staying in Shanxi for 37 days and basically did not show up. The only one who has been in the limelight is Brother Sun. It is impossible to say that the Americans did not target Brother Sun. Such a large human-shaped mining machine can generate a lot of money when plugged in. So will Brother Sun be the next after CZ? Most likely, he will.

Of course, from the perspective of personal asset hedging, the reason for choosing to buy a large amount of Ethereum is definitely because Ethereum will definitely pass the spot ETF within the year, and it is more suitable than Bitcoin in the short and medium term in terms of cost performance. Secondly, I also noticed that Ethereum’s gas is currently very low, and the limit is close to the bottom of the bear market. This is regarded as a sign that the entire cottage ecosystem headed by Ethereum will have a wave of market.

The most uncomfortable people in the market are ordinary coin holders like us. For example, Bitcoin has been pulled back downwards and has not been able to reach the strong support position of 60,000 points at the bottom. It has rebounded upwards and has almost no chance of reaching the reversal node of 68,000 points. The market has been in a relatively depressed bottom area. The consumption of bubbles is a big project. The panic pullback will not stop until the bulls die.

The market during the upcoming May Day holiday will definitely not be as sluggish as in April. There will be a lot of macro news at the beginning of the month. The first one is the Fed’s latest interest rate decision on the evening of the 2nd, plus an economic speech. Then on the evening of the 3rd, the non-farm and unemployment rate data for April will be released, and the expectations are not particularly good. In terms of interest rates, everyone has basically accepted the fact that there may be a rate cut at the end of the year. The focus is still on Powell’s subsequent speech to judge the market.

Therefore, in terms of macro trends, the market currently does not have a huge short-term explosive negative problem, unless the United States raises interest rates again for the first time. All the remaining issues on the market are bubble removal and new liquidity. Bubble removal is easy to understand. The two consecutive rounds of decline must have cleared a lot of big longs. Liquidity is a stone stuck on all the big copycat projects, which greatly curbs their momentum to emerge. With so much money, so many projects are launched every day, how to divide it?

At the beginning of last month, Sanshu sent a message to the planet saying that he planned to set up his own investment research team. After more than a month of investment research data came out, the returns were average. After summarizing with the team during the day, it was found that it was not because of our own strength, but that the project development speed of the professional team had exceeded the development speed of the entire crypto industry. For example, for some high-quality projects, we have created a lot of accounts and prepared to get their airdrops. When the airdrops were issued, we found that our accounts were actually very average in the industry in terms of quantity and quality, and the competition in the primary market was actually greater than that in the secondary market.

When I started playing blockchain games earlier this month, I prepared nearly 40 high-configuration machines, combining human brains with programs to test games and obtain props. I found that there are indeed many high-quality projects, but after the market was constrained by liquidity, there was an awkward internal competition between projects and between investment research. Everyone tried their best to get a share of this bull market.

I want to tell you that for the market cycle, institutions and ordinary people are the same, and still believe that the bull market is still in progress. When the market goes down, people with large assets will definitely lose more than retail investors. When the market rebounds, large investors will definitely make more than retail investors. This is the reality of the market. We don't need to worry too much. Remember last year's deep bear market, even Grayscale had a maximum floating loss of 50%.

BTC: Bitcoin has tested the short-term support of 62,000 points twice on the daily chart, and has not fallen further, but the rebound potential is very weak. Under the current circumstances, I tend to believe that yesterday's rebound was a false breakthrough, and then perhaps it will follow the trend to confirm the support of 60,000 points and return to the market state before yesterday's rebound. Of course, the short-term weak market will not last too long, and the previous adjustment period is sufficient. It is expected that a small cycle trend will appear at the beginning of next month. In the short and medium term, Bitcoin is definitely not expected to rebound significantly. Maintaining high-level fluctuations will give Ethereum and cottage industries opportunities, so the focus in the short and medium term is not on Bitcoin.

ETH: Ethereum will see its performance after the HK spot ETF is listed tomorrow. If it continues to strengthen, the overall weakness of the market in the short term will be eased. At present, the focus of the market has indeed shifted to the Ethereum series. The rebound height does not meet the bull market expectations and the current ultra-low gas has become the reason for many people to choose to enter the market. It went down to the previous low position of 3100 points. It is conservative to see whether it will break the support in the short term. 3100 points-3200 points have become the recent heavy chip area. Even if it goes down, not many spot traders will cut their losses. The downward space of Ethereum will not be as large as the expected pie, so there is no need to be too pessimistic in the short term. The staged bottom needs to be tested repeatedly before it can really accumulate momentum to go up.

Finally, stay away from leverage and stock up on spot goods! #美联储 #Megadrop #新币挖矿 #非农数据 $BTC