Why did BTC ETH surge, what strategy to use now? @Everyone

BitEagle🦅Precise market analysis 5.21

Brothers get up, a big positive line, making a lot of money [smiley face]

After the CPI data was released, we followed the trend and were bullish.

We have been reminding everyone to hold for the long term, and finally got a big result.

Congratulations to the brothers who made money [celebration]

It’s still the old saying: once a big trend is formed, it will not last only 24 hours.

Those who are obsessed with short-term petty profits will mostly sell out.

Those who don’t understand the trend will be blown up if they short.

A big thing happened in the few hours we slept yesterday.

Previously, the market generally believed that Ethereum ETF would not be approved,

but yesterday the SEC asked the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF,

which means that the SEC has a probability of approving the Ethereum ETF,

and the probability of approval has increased from 25% to 75%,

if it passes, ETH will break through $5000.

So now everyone is scrambling to build a position in ETH.

BitEagle will analyze when the ETF will be approved.

There are two stages in the approval of Ethereum ETF,

one is the approval of 19B-4, and the other is the approval of S-1.

19B-4 seems to be approved, possibly this month.

The approval of S-1 may take weeks to months,

but in any case, it is right to have this expectation!

It is not important when it is approved, the key is to approve it.

Yesterday, the Fed’s official website spoke and said that it did not see any reason to raise interest rates,

so it is also good news.

US spot ETF funds continue to flow in, and a total of 3077 BTC were bought.

In terms of on-chain data,

BTC in the exchange continues to be bought and outflowed,

and there is not much inflow of stablecoins.

Current strategy recommendation:

It is recommended to hold the value coins in hand patiently.

Brothers with too full positions can first stop profit at 20% of their positions.

Only long-term can make you rich.

Brothers with empty positions sent private messages to ask what to do...

It is uncomfortable. It is easy to get trapped if you chase high and buy in now, and you can watch the price rise if you don’t buy.

First buy some ETH at the current price, then buy FTM, Matic, Chr, AR if they fall back 1-2%.

Now ETH must be configured. #以太坊ETF批准预期 #机构积极投资比特币ETF #BTC走势分析 #5月市场关键事件 $BTC $ETH $FTM