#以太坊ETF批准预期 If only 19B-4 is passed today, for the short-term market, it will definitely take a period of time for the S-1 to be passed. According to the historical SEC rules, this period is not fixed, so it will most likely be delayed to July or August. If it is passed at one time and passes these funds, then the institutions that apply at this stage, I estimate that there are eleven institutions that can pass at one time, including the previous ones. In this way, direct listing is definitely a big positive, even if S-1 is passed directly tonight. If only 19B-4 is passed, I suggest that you reduce your positions at highs, especially the positions of Ethereum, which is the current pressure point of Ethereum. I think this sentence means that even if it passes, you should not chase highs, you can wait for a retracement, because you can look at Bitcoin, how will Bitcoin go after it passes the spot ETF on January 11? On that day, it went through a pin of the upper lead, and the next month was a callback and oscillation. Why? Because Grayscale smashed about 20% of the chips during the online stage. Everyone remember what I said tonight, even if the ETF is approved tonight. Don’t chase high prices, this is very important! Even if it passes today, don’t chase high prices! Be careful not to get stuck on the top of the mountain. Because the market has digested the expectation of passing in the past two days. The release of the square was late, but the community warned of risks in the afternoon, and the live broadcast at 8 pm emphasized reducing positions and not chasing high prices!