After Bitcoin broke through 32,000, the FOMO sentiment towards spot ETFs has cooled down, and the oscillation mode has started at this position. It will take time for the real intentions of the main force to be revealed.

The crypto market has been applying for Bitcoin spot ETFs for ten years. In the past, the SEC rejected them. The strong market sentiment this year is because there are many institutions applying, and the SEC also agreed to submit the application for filing. In the past, it was directly rejected. Although this matter is likely to be approved in the end, everything is possible before the shoe drops.

The US SEC seems to have recently accelerated the review of spot ETFs, and it has exceeded market expectations. Once approved, the demand for traditional funds to allocate crypto assets through ETFs will surge. The accelerated review may be related to US debt. The current scale of US debt is 33 trillion US dollars, and new bonds are still being issued. Next year, more than 7 trillion US dollars of Treasury bonds will mature. At present, the funds to take over are obviously insufficient. Who will take over?

At present, the crypto market has the potential to become a reservoir for U.S. debt. The current market value of stablecoins in the crypto market is about $120 billion, and stablecoins are already the 16th largest holder of U.S. debt. Crypto market transactions, settlements, and payments all use stablecoins. Therefore, it is not surprising that the market expects a high probability that spot ETFs will be approved.

However, in the short term, it is undeniable that if there is no substantial positive news, it will be difficult to continue to rise, but it will not immediately fall back deeply, and it is likely to go sideways at a high level. The intraday amplitude of the market has increased, and it is appropriate to participate in short-term intraday short-term trading.

Next, let’s take a look at the hot currencies

BTC：

The market is currently in a long position, and the daily level is still rising. I think this is a good position for distribution. Even though there is not much room for further growth, the market sentiment has been fully mobilized. It is said that you buy when no one is interested and sell when everyone is talking.

The rising volume of Bitcoin is gradually weakening, and the daily K-line is obviously lower than the previous wave. It is necessary to make a Zhendan adjustment here or there is a risk of callback. It is not recommended to intervene again. The upper pressure is 36000.

ETH

After ether pierces the box, there is a need for a pullback. After the test, this is also a good position for distribution. Don't be too eager to chase the rise, the cost-effectiveness is not high. There is a need for a pullback.

SOL, as mentioned many times before, is going very strongly. It is currently rising in a channel, and OBV has not dropped significantly. If it does not fall below the lower edge of the channel, continue to hold it. If it falls below, you can passively exit the market.

APT also rises in a channel. If it falls back to the lower edge of the channel or the horizontal range, you can try to go long with a light position.

CRV is rising along the rising trend line, and OBV is rising. If it does not fall below the trend line, continue to hold.

AAVE tends to do a relay upward here. After the market picks up, the lending track will definitely benefit.

DOGE and MEME sectors began to rise, and Dogecoin also broke through the downward trend line. However, RSI is overbought, so you can either stop loss and enter the market, or wait for Bitcoin to pull back and see the situation.

ARB has strongly broken through the downward trend line, and it is said that there will be good news tomorrow, so it has risen a lot today. But it has reached the pressure now, so I won’t chase more.

Hong Kong three-piece suit cfx ach lina

Among them, lina should be the most undervalued in the Hong Kong sector. After Hong Kong complies with the regulations, a large wave of funds will enter the market. Fund security is a big problem. Leading institutions are investing in compliant wallets and custodians! The newly invested wallet is used to host NFT!

Hextrust +lina is used to custody defi funds! This section is also very important!

Regarding AI, Bi will pay special attention and will rotate here to pull in a large wave!

OpenAI will hold a conference on the 6th of next month. You can plan ahead for the AI ​​sector and get out before the conference! Short-term participation!

The main tokens are agix, fet, phb mdt and these coins performed very strongly when the AI ​​sector was on the rise!

agix fet consensus is bigger! Everyone look at the line and find the position!

STX and RIF have risen too much! Can I still get on board now that they have fallen back?

Many people ask that the STX and RIF of the Bitcoin system have risen too much! Can I still get on board now that they have fallen back? You can definitely hold it for a long time! The short-term high Bi must be polished, and you must be patient if you take it!

Let me talk about my own thinking of short-term selection! Regarding the big pie system, the following points should be considered!

First, the concept of Bitcoin is strongly related!

Second, it is best to list on Binance!

The third is the ones that haven’t risen much yet (of course, the strong will always be strong, and the green should also be considered!)

After a long review, let me summarize. From a technical point of view, the market is very strong, and Bitcoin needs to pull back. Many copycat currencies have too large an upward slope, and some currencies have reached the pressure level. Don't chase the rise of short-term contracts, and wait patiently for a pullback to go long.

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.