In the short term, the entire market will not rise strongly immediately, because the strong rise of the market must be built up by the entire capital. What the currency circle lacks most now is actually capital. If there is insufficient capital, the liquidity will be poor. We also found that the sector rotation is indeed particularly obvious in this bull market. We have not seen the scene of thousands of coins flying together. When Bitcoin rose sharply, most of the other sectors were stagnant, and even many altcoins have repeatedly broken new lows. The core reason may be that the entire capital has gone to Bitcoin. When Bitcoin has risen almost enough, then the funds will rotate to sectors such as AI, meme, and DeFi.

In the short term, funds are still in a state of severe shortage, and the market will still be dominated by fluctuations, but in the long term, the market will definitely go up. Therefore, the Ethereum spot ETF will gradually promote the entire Ethereum ecosystem.

The market has not been very good in the past two months, mainly because Bitcoin has been volatile. If the Ethereum ETF is approved for listing, will Bitcoin reach $80,000 soon?

In fact, I have always told everyone not to predict the market, and try not to guess the price. Just make your own plan in advance. Because the market is volatile, no matter whether it goes up or down, after the market passes, there will be a lot of negative and positive factors to prove the reasons for the rise and fall. Don't use your ideas, abilities, and opinions to challenge absolute power. Just like the Ethereum spot ETF suddenly showed signs of passing in recent days, and then it was passed suddenly, and the price rose to US$3,700, and the highest should be more than US$3,900. In fact, it was caused by the decision of the SEC. I think the price of Bitcoin exceeding 80,000 also depends on the Federal Reserve. If the Federal Reserve uses its power in the future and expects to cut interest rates, then Bitcoin will reach US$80,000 very quickly.

On the contrary, if the Federal Reserve recently stated that it is necessary to maintain high interest rates, it will be more difficult for Bitcoin to reach $80,000. I think the price of Bitcoin is indeed related to the ecological prosperity of the currency circle, but the relationship is not that big, and it depends more on the macro situation.

The recent market will still be dominated by oscillating upwards. The overall market still needs to go through a long period of oscillation and adjustment. Only after the period is over, there may be a relatively large opportunity for unilateral rise.

It is difficult to predict the short term. I have always focused on the fundamentals. It is better for everyone to wait patiently.

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