Now BTC is still more affected by the US macro data information. The CPI will be released tomorrow night on the 12th and the Federal Reserve interest rate meeting will be held in the early morning of the 13th. (The interest rate in June is unchanged, mainly depending on the speech of Powell)

BTC fell from 69,600 this morning to a low of 66,700, and is now around 67,100, highlighting a cautious risk-averse attitude.

If the CPI data is positive tomorrow night and Powell's speech is also positive, it should hit 72,000 again. Otherwise, let's see if there will be a big break at the 66,000 position, so be cautious with the contract these two days.

Let's take a look at the SEC Chairman who said not long ago that it may take some time for the S-1/S-3 of the ETH spot ETF to pass, as shown in the figure below. I don't know if it will be delayed until the end of the month or even the next month.

The price of ETH is indeed cost-effective now. Of course, we still have to look at BTC's mood, that is, the macroeconomic situation in the next two days.

The best scenario is that the CPI and speeches in the next two days are good for the market, and then the S-1/S-3 approval of ETH spot ETFs will slowly start to be hyped next week. Then there is still room for fun, and the cottage, especially the elastic ones, are still expected, otherwise it will be very annoying.

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