[Golden Finance Express] According to information released by 10x Research on the X platform, six institutions applying for spot Ethereum ETFs have submitted updated S-1 forms, suggesting that SEC approval may be imminent. At the same time, the RSI oversold indicator shows that the market may reverse in the short term. Currently, two-thirds of the reversal indicators have turned bullish, and short selling may need to be postponed. After rebounding to the $60,000-62,000 level, if Bitcoin fails to break through, it may trigger another drop in the price of the currency. The market outlook remains optimistic, and investors should pay close attention to subsequent developments.