With the SEC approving the 19b-4 filing, the market interpreted it as the Ethereum ETF being approved.

The rest depends on when the S-1 document is passed, after which the Ethereum spot ETF can be officially listed and traded.

It’s actually quite confusing. We all predicted that one document would be passed, but when would the remaining document be passed? Would there be any unexpected problems in the middle?

In this regard, thirteen people think there is no need to worry too much.

This time, Biden directly gave the SEC an order to pass it. Does the SEC want it to pass? Of course not.

But under the tyranny of power, everything is nothing.

You may still remember the tough attitude of the SEC before, and they found numerous high-sounding reasons, such as protecting the interests of investors and strictly regulating Ethereum; and after Ethereum changed to POS, was it a security or a commodity? The debate continued...

But in just a few days, these long-standing conflicts disappeared and were resolved.

In fact, it can be understood that what SEC said before is equivalent to fart. If you have the guts, just show the attitude of a censor who dares to criticize the emperor in front of the court and face the powerful with the courage to go down in history even if you are beaten to death.

The SEC cannot do it. Faced with party disputes and political pressure, it can only struggle to pass the Ethereum spot ETF.

So this world is very complicated. Truth is not important, justice is not important, money is important, votes are important, and power is more important.

2，

However, the prerequisite for passing this time is to give up the staking rights of Ethereum.

This can be seen as the last stubbornness of the SEC, because what attracts these institutions most about ETFs is the pledge income.

After listing, ETFs led by BlackRock will definitely find a way to pass.

This will be the next goal of Ethereum spot ETF. No one can resist the huge benefits.

If staking is possible, major ETFs will heavily promote Ethereum ETF, and Ethereum will become the booster of this bull market and lead this bull market.

After the news came out yesterday, the market had actually digested the good news. After the news came out, the good news turned into bad news.

Therefore, Ethereum briefly plunged to 3520, and is currently fluctuating around 3700. It is expected that this trend will continue for a long time.

Here comes the important question, can we buy at the bottom?

I suggest you buy on dips or make regular investments. If Ethereum can reach its target of 9,000 this year, it would be appropriate to buy at this price.

In the short term, the market will fluctuate in the range of 3600~3800. Friends who like to do short-term trading can try it with a light position.

During this period before S-1 is passed, buying Ethereum on dips is the right choice.

3，

However, the short-term outlook does not look so good.

This round of rise was stimulated by good news, and the market has almost digested all the good news.

Especially in a vertical rise, the market needs to pull back to confirm the price of Ethereum in order to consolidate this position.

Judging from the volume, there was a surge in price, but the price did not rise. To an old hand, this is a sign that the market makers are selling their shares.

The volume in the future will not be as large as today. The short-term market has a very large need for a correction, and the possibility of a correction to 3,500 is still very high.

It is expected that there will be a divergence between volume and price in the future. If you are a short-term investor, you should focus on risk avoidance.

Sun Ge bought a large amount of Ethereum at 3100. After the purchase, the market fell back to more than 2800. Regardless of whether they were leeks, they thought Sun Ge was also a leek. Looking back now, do you feel that you are really stupid?

Many people even sold Ethereum at more than 2,800. I really don’t know what you are thinking. After all, Thirteen is still an old investor.

I remind you all every day to hold on to Ethereum, but you don’t listen and instead listen to the negative comments from a cryptocurrency investor.

Why bother?

4，

Finally, let’s eat some melon.

The new drama in the cryptocurrency circle, "I'm a Big Boss in the Cryptocurrency Circle", was originally scheduled to be launched on Huobi on May 22.

As a result, he was stood up.

It turned out that the director of the drama, Li Erchaisi, held back on releasing the film, saying that he wanted to hype it up, and asked Brother Sun to come meet him.

Who is this director? The famous Guo Meimei incident was planned by him, and many other notorious incidents were also planned by him.

He was also jailed for 4 years for this.

These investors actually trusted this guy so much and invested in him. Now, they just hold the movie and refuse to give it to the investors, thus standing up all the moviegoers.

Meeting Brother Sun is for hype. I think that given Brother Sun's status in the underworld, it would be considered vulgar for Brother Sun to just look at him.

Judging from its past experience, it is quite respectful to pledge not to release the film and clearly state that it wants to hype it up.​

However, after looking at the stills of this drama, it can be said to be extremely tacky, with many awkward conversation scenes, so don't expect too much.

This circle is inherently evil; human nature is inherently evil.

Therefore, in order to suppress the evil in their hearts, Thirteen Circles only charges a membership fee of dozens of U instead of becoming a free circle. In this world, free is the most expensive fee.

If Shisan chooses to do the free Shisan Circles, then the number of fans will be at least ten times what it is now, and I will definitely be able to achieve financial freedom in this bull market.

So in order to suppress the evil in my heart, I blocked the road from the beginning, never participated in any first-level or local dog fundraising, never touched fan funds, and never guaranteed deposits and withdrawals...

It takes thirteen circles to survive in the cryptocurrency world for 20 years.

20 years later, we will stick together and not worry about paying the bill. ​


Come on, people in the cryptocurrency world,

Welcome to: Minus Thirteen Degrees

Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.