We have another big day with the approval of the Ethereum ETF.
The news has been published on the official SEC website after being confirmed by multiple reliable sources.
It may take several weeks for the S1 filing to be approved and the ETF to start trading. The process may be a little difficult and uncertain, but in the long run, we will definitely see the positive effects of this approval.
The reason why Ethereum and other cryptocurrencies have been suppressed for a long time is the high probability of rejection. Now that the ETF has been approved, I think the selling pressure will weaken and we can see a long-term positive trend.
I hope this approval will bring good profits. I wish you all good luck.
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Tonight is the non-agricultural data, two key points, three data, but in fact, for most friends, it is enough to pay attention to the unemployment rate. The previous value of the unemployment rate was 3.9%, and the market expectation was 3.9%. Then

1. When the final result is higher than 3.9% (such as 4% or higher), then the market interpretation will be positive, because it is directly in line with Powell's statement in the last interest rate meeting that an unemployment rate of more than 4% will reconsider (strengthen) the expectation of interest rate cuts.

2. When the final result is less than 3.9% (such as 3.8% or lower), then the market interpretation will be negative, because it does not meet the observation that the Fed wants to cool down employment, and prolongs the probability of the Fed entering a rate cut cycle.

3. When the final result is equal to 3.9%, although it is in line with expectations, it does not meet market expectations. The market hopes to cut interest rates earlier, but the unchanged unemployment rate will still disappoint more investors, but even if it is disappointing, it will not reach the level of "2".

The other two data are the annual wage rate and the monthly wage rate. The lower the better. However, as long as the non-agricultural unemployment rate is high enough, the impact of wages will be reduced. Of course, there is also the number of jobs, but why I don’t think it is the key number, because the current problem of illegal and legal immigration is too big. It is not ruled out that the employment rate will increase due to immigration. If you look at the employment rate, you also need to look at the labor participation rate, which is too complicated.

After all, for the market, understanding is simple. What the Fed likes is what the market likes. It’s that simple.
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#现货以太坊ETF获美SEC批准

Due to the recent SEC decision on the spot ETH ETF, the prices of $BTC and $ETH have fluctuated dramatically, resulting in a market liquidation of up to $350 million. This phenomenon is mainly due to the market's expectations for the approval of the ETF and the resulting fluctuations in investor sentiment. The following is a positive and negative analysis of this event:
Positive view:
The approval of the spot ETH ETF may mark an important step towards the maturity and standardization of the Ethereum market. With the participation of more institutional investors, the liquidity and stability of the market are expected to improve, which is undoubtedly good news for the long-term development of $ETH . This move will also increase the acceptance of Ethereum in the financial market and further drive its price up.
Converse view:
However, the sharp fluctuations in the market also show the sensitivity of investors to regulatory decisions. If the SEC does not ultimately approve the spot ETH ETF, it may lead to a sharp drop in market confidence, which in turn triggers a wider range of sell-offs and price declines. In addition, recent large-scale liquidation events also reflect the fragility and risk of the market, and investors need to remain vigilant. In short, the decision of the spot ETH ETF will have a profound impact on the future trend of $ETH . Investors should pay close attention to regulatory developments and do a good job of risk management to cope with possible market fluctuations.

Canada and the European Central Bank have cut interest rates, is the United States far behind?

The bull has seen red, and we will soon see its power and madness

The current major mainstream narratives are all landing or on the way to landing
The ETFs of BTC and ETH in the United States have been successfully passed, allowing Wall Street to officially enter the game
Hong Kong, Australia, Thailand and other countries have passed ETFs, gradually forming a wave sweeping the world
The halving of BTC has been completed, increasing the imbalance between supply and demand and raising the actual value of Bitcoin
The crises of Binance and FTX have been perfectly resolved, and the mines in Mentougou will also be cleared this year, reducing the risk of encryption
The Canadian and European Central Banks fired the first shot of global interest rate cuts, and the United States expects that market liquidity will increase by the end of the year
The pressure of the US election has begun to affect the government, and it has compromised with encryption for votes and formulated more relaxed laws and policies

Therefore, it is not just that encryption wants to fly, but the macro trend forces encryption to fly
The essence of finance follows a law, if there is more money, it will rise, and if there is less money, it will fall
As long as the wind is strong enough, pigs can be blown away
The secret of wealth growth is nothing more than that you can stand in the right team every time the financial world version is updated
Multi-army assembly...

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A whale bought 8,733 ETH before the Ethereum spot ETF 19b-4 form was approved, and has made a floating profit of about $6 million

According to Lookonchain monitoring, before the Ethereum spot ETF news (the U.S. Securities and Exchange Commission approved the 19b-4 forms of multiple Ethereum spot ETFs) was released, a whale spent 26.67 million USDT to buy 8,733 ETH at an average price of $3,054.56, with an unrealized profit of about $6 million. #现货以太坊ETF获美SEC批准 $ETH

#MyFirstSquarePost Hello, this is Binance Plaza! #现货以太坊ETF获美SEC批准

#现货以太坊ETF获美SEC批准 $SOL eth exploded 3980, changed to sol to short it

#现货以太坊ETF获美SEC批准 Pay attention to the general trend of demeanor

Do you have an iron rule for opening a position?

Regardless of spot/contract, there are five iron rules for opening a position:

1. Do not open a position without a breakthrough

2. Do not open a position without a stop loss

3. Do not open a position without position management

4. Do not open a position without a profit target

5. Do not open a position if it is not at a critical position and is still fluctuating

A lot of things happened in June.

Yesterday was the deadline for submitting the FTX restructuring plan, and tomorrow, June 7, the non-agricultural data will be released.

On the 11th, Apple's Global Developers Conference will be held.

On the 12th, CPI data will be released.

On the 27th, the first round of debates in the US presidential election will begin.

Personally, I predict that Trump will be elected as the next US President. Biden is too old. If Trump is elected, it will accelerate the end of the Russian-Ukrainian conflict and will also be a big boon to the crypto community. A president of a country who publicly and strongly supports cryptocurrency and is the US president who is far ahead in all fields today has a greater influence than anyone else's attitude, and may even change the position of the Chinese government. Coupled with the high probability of the Fed's interest rate cut in September and October, the craziest bull market will sweep in, and that will be the time for the brothers in the crypto community to be proud. I hope you guys can hold on and unfollow those bearish bloggers and KOLs. If you are a big cycle guy, you can consider uninstalling the exchange and all the stock market software, and then open your account at the end of the year. You will definitely be surprised.

Caishen has created a high-quality circle. If you are confused about the current market and want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, you may click on the avatar to find Caishen and avoid boiling into the skirt. The skirt publishes market analysis every day and recommends high-quality potential currencies.
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$ETH #现货以太坊ETF获美SEC批准 I have to say that the dog dealer is real 🐮. There was a big drop on Friday and then during the weekend, it went sideways to repair the daily indicator. If that day was not Friday, it might have really reached 3400, but now 3600 has become a strong support.

I held it for a day, and it finally came down. I set a stop loss of 172, but fortunately it was not triggered. I worked for nothing today, and was directly trapped for a day. I immediately made a profit of #现货以太坊ETF获美SEC批准 $SOL

Deep thinking behind the surge of NOT

In the ever-changing world of cryptocurrency, NOT contract is like a dark horse, with its trading volume approaching that of Ethereum, which is remarkable. This is not just a simple digital game, but also the crystallization of community power and wisdom. There are many factors behind the rise of NOT that deserve our deep consideration.

NOT's success is inseparable from its huge community support. Imagine that with seven million Telegram subscribers, there are countless enthusiastic and like-minded investors and enthusiasts behind it. They work together for the growth of NOT and witness its rise together. What is even more admirable is that 78% of the supply is held by community miners. This principle of fair launch not only demonstrates NOT's respect for community members, but also inspires their greater enthusiasm for participation.

The rise of NOT shows us the power of retail investors. In this decentralized world, retail investors are no longer passive recipients, but participants who can actively speak, choose, and participate. Their power together can drive a project from obscurity to glory.

NOT was originally just a small game on the TON chain, but it achieved an astonishing increase in a short period of time, injecting new vitality into the market. This makes us realize that in the cryptocurrency market, opportunities are always reserved for those who are prepared. Only those who dare to try, innovate and take risks can seize these fleeting opportunities.

But this round of bull market is different from the past. The performance of some value coins is not satisfactory, and even some meme coins are not as good as expected. This makes us start to think about how to choose the target when investing? Is it to pursue value or to pursue growth? I think the two are not contradictory. When investing, we need to consider multiple factors such as the value of the project, the ability of the team, and the potential of the market to make wise decisions.

In my opinion, it is also a good choice to invest part of the funds in meme coins. Although the value of meme coins fluctuates greatly, their growth is often very considerable when market sentiment is high. Of course, this does not mean that we should invest all our funds in meme coins, but to make reasonable allocations based on our risk tolerance and investment goals.

Finally, I want to say that the cryptocurrency market is a field full of opportunities and challenges. In this market, we need to continue to learn, think and practice in order to continue to grow and succeed. The rise of NOT is just the beginning, and there will be more opportunities waiting for us to discover and grasp in the future. Let us work together to create our own glory in this field full of opportunities!

Caishen has created a high-quality circle. If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to follow Caishen. Qunli publishes market analysis every day and recommends high-quality potential currencies.
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#现货以太坊ETF获美SEC批准
The rally in Bitcoin and Ethereum has cooled as the United States approved the listing of Ethereum ETFs. The approval caused market sentiment to fluctuate, affecting the short-term performance of the two major cryptocurrencies.
Positive view: The approval of the Ethereum ETF is seen as a major positive for Ethereum ($ETH). This approval allows more traditional investors to easily invest in Ethereum through ETFs, which is expected to bring a large amount of capital inflows, further driving up the price of Ethereum. In addition, with the widespread application of Ethereum in decentralized finance (DeFi) and smart contracts, its long-term value remains optimistic.
Contrarian view: Although the approval of the Ethereum ETF has brought short-term market heat, some analysts have pointed out that this rise may not last long. The historical experience of Bitcoin ETFs shows that the approval of ETFs is often accompanied by high market volatility and increased speculation. The market needs time to digest this good news, and there may be a price correction in the short term. In addition, the uncertainty of the macroeconomic environment and regulation may also put pressure on the price of Ethereum.
Overall, the approval of the Ethereum ETF is a major market event, which is optimistic about the medium- and long-term development of Ethereum, but investors still need to be cautious in dealing with short-term fluctuations.

Recently I saw many people singing about a big correction, such as BTC to 50,000, ETH to 3,000, etc. I believe that a month ago, when BTC was at 58,000 and ETH was at 2,880, those who sang about BTC to 40,000 and ETH to 2,000 were the same group of people😅
You just keep shorting and wait and see, and when it falls to that position, you can buy in🤣Thank you!
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Recently, every half a month, or even every week, we have to look at the data of the Federal Reserve and the United States. The correlation is getting stronger and stronger. On the way to rise, we don’t know which data is a speed bump and which data is a booster. In the end, as long as it is not a cliff, it will continue to fluctuate upward, right?

From the current general direction, the market may not necessarily fluctuate upward. After all, with the strong correlation with the US stock market and the US economy, it is now racing against time. Who are we racing against? It is racing against the US election. Not only the currency circle is racing, but also the stock market and the financial market are racing.

At present, the US economy is like a blown-up balloon, expanding every day (high interest rates). Although it has not reached its limit yet, it will definitely burst if it continues to expand like this. The only way to prevent this balloon from bursting is to deflate the balloon (lower interest rates), rather than poke it with a needle (black swan).

If the "soft road" approach is still maintained before the US election, then there is still a channel for relief in the US election for the market, but if it is punctured before the election, the US election may be the beginning of "blowing the balloon" again.

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Just came back from Hong Kong. According to industry insiders, these ten coins are expected to rise. 1. SOL, expected to reach $350 in July-August 2. TON, expected to be $18 in September-October 3. XRP, expected to be $1.5 in August-September 4. MATIC, expected to be $1.8 in July-August 5. BNB, expected to be $700 in July 6. ETH, expected to reach $4,500 in July 7. TIA, expected to reach $35 in July-August 8. BTC, expected to reach $80,000 in July #BTC #ETH #现货以太坊ETF获美SEC批准 Home Page Follow me to the cow house! Get rich

Why are the people who say it is difficult to make money in the cryptocurrency circle all ordinary people?

Because ordinary people have too many pitfalls when they come to the cryptocurrency circle
You are a newcomer who has just entered the circle, and too many "good people" send you private messages to take you to play.
Novices are the most popular with scammers, because they have many questions, and only scammers will answer them so patiently. Scammers have the greatest tolerance for them, because they stare at their wallets right from the start
Some directly take you to play with local dogs, and tell you that there is a certain coin. Most of these are self-issued Pixiu disks, which have formed a set of coin issuance production lines
In addition, you may see which teacher shows the contract income, and you see others showing several times or dozens of times the income of a single order, and you are tempted and want to do contracts.
Congratulations, at least you have to pay a large tuition fee in the contract.
Some scammers do paid contract groups. If you ask, he will say that you can join the group for 2000U a month, or 500U a month. Some may also say one year
The one-year type is definitely a novice who has never played it before, because no one will stay in the contract group for a year, and they will definitely lose all their money by then.
In addition, the group is free, but you must use his invitation code to register an account, and you must have trading funds, and they will verify the funds. Then they will show you as much as they can, and then you can't help but recharge and trade. Then your transaction fees will be rebated.
This kind of profit is your transaction fee. If it is more unscrupulous, they will even take you to a small exchange to eat the loss of customers.
I saw an article before that it takes at least 3 cycles for an ordinary person to make money by exploring on his own.
In the first cycle, you read all kinds of myths of getting rich quickly, entered the market with confidence, and those with high risk tolerance even borrowed money. But in the end, you basically can't keep your wealth, and are taken away by various routines and pits.
In the second cycle, you learned the lessons of the previous cycle this time, learned basic operations, understood K-line, volume and price, understood the basic cycle rules, and learned to split warehouses.
The bull market is here, and you watch the currency price soaring along with the market sentiment, and you feel extremely excited. Your position begins to double, and you taste the sweetness of making money. You think it will continue because the market sentiment is still very optimistic.But the bear market came unexpectedly, and you haven't learned to sell yet, so you are likely to follow the market on a roller coaster ride.
Only in the third cycle can you learn to make money in this market
These three cycles are difficult to violate, unless you can follow experienced people, but this is difficult
Because I know that many friends have been in the currency circle for many years like me, but it is difficult to find people who really move forward together. This is determined by our industry. You talk to others in real life, and others will not understand at all; I know a lot of people in the circle online, but many people have their own little thoughts, and I have stepped on too many pits behind them
I am the God of Wealth, an old leek who sincerely wishes you wealth. If you want to dig deep in the currency circle and can't find a clue, you want to get started quickly, please click on the avatar to follow the God of Wealth
My understanding is that the more people I help, the more people will benefit from me, and the more people will be able to help me in the future
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What is the most unacceptable thing to do in the cryptocurrency circle?

Don't focus on the money-makers. If one person makes one dollar, nine people must lose one dollar. The remaining eight dollars are all taken by the dealer.

The reality is that the dealer who makes eight dollars will release some true or false news, and the nine losers will focus on the only one who makes money, and regret that they have left the market earlier/later.

I have a personality problem and never gamble. I feel that from the probability and statistics, that thing is a loss. I never believe in my own luck. Maybe it doesn't make money, but it will definitely not lose money.

Because no one can guarantee that they can sell at the highest position, it's good to have some profit. In other words, can you really hold it when it doubles or triples?

I was in the first batch of shib and bought 5000U. When I forgot to check it later, it had doubled 15 times, so I quickly sold it. It happened at the beginning of 20 years.

Few people can grasp the doubling and limit down of this thing. If you grasp it now, it has 6000 times, who can hold it?

In other words, you always feel that you have missed the opportunity to get rich, but in fact you have only missed 1% of the possibility, and the remaining 99% may make you lose everything.

If you want to know more about the relevant knowledge of the currency circle and the latest information, click on the avatar to follow Caishen, who will publish market analysis and recommend high-quality potential currencies every day.
#BTC走势分析 #新币挖矿 #现货以太坊ETF获美SEC批准

Caishen predicts that the Ethereum spot ETF is expected to be listed for trading within 10-15 days. The market in the first half of the year will be driven by the Bitcoin ETF, while the market in the second half of the year will be jointly driven by the Ethereum ETF, the Fed's interest rate cut and the presidential election. The market in June and July of each bull market will not be bad. Cherish ETH around 3700
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