Is there a 520 festival in the cryptocurrency circle? ? ?

Here I would like to express my personal opinion:

1: The probability of SEC passing the Ethereum ETF on May 23 has risen rapidly to 75%.

Why? Because the US election is imminent, Trump and Biden are candidates. Trump is naturally fond of cryptocurrencies and has more supporters, while Biden is a hawk. In order to win votes from Trump, Biden had to use his power to gain more support for himself.

2: What time will the SEC decide on the Ethereum ETF on the 23rd?

It should be between 2 and 4 am on the 24th, Beijing time.

3: Is the 75% probability of passing high?

Logically, it has reached a very high level, but there is still a 25% probability of not passing. The specific results need to be waited for.

If you are just doing swing trading, you can reduce your position when it is high; if it is a long-term investment, you don’t have to care. Spring is here, and the flowers will bloom naturally!