The biggest short-term thunder, the unchanged interest rate of Japanese yen ended within the day. After the main force was sideways around 62700 points for a morning, the news was released and it was pulled up to around 64200 points. All the bulls in the sector exerted their strength and the market liquidity rose quietly.
Of course, from a cyclical perspective, the logic that the bull market relay is about to begin is definitely correct. However, judging from the incremental liquidity, if a reversal is to be achieved directly in the short and medium term, Sanshu adheres to the view that there are no such market conditions at this stage.
The interest rate cut cannot achieve the goal in one day, and the bull market will not end in one day. If the last 52,400 points is the bottom of the next round of market, then going below 60,000 points again will be a more substantial rhythm of accumulation. The market that is pulled up in one breath will inevitably tremble at the top, and the market pigs at the end can take off with a rhythmic step-by-step rise.
Yesterday, Sanshu said that from the macro perspective, the funds of OTC ETFs should be the first to reverse. Sure enough, the net inflow of Bitcoin spot ETFs reached 158 million US dollars overnight, and the Ethereum spot ETF also achieved a rare net inflow of funds, which was 5.25 million US dollars. The inflow of funds into Ethereum is small, but the symbolic significance is far greater than the actual value. The sentiment is indeed ready to go.
In recent days, the listing trend of a certain security has continued, and the number of small-cap stocks with a 50% increase in the day has continued to increase, and the local copycat season is gradually coming. Under the rendering of this artificial violent pull-up of the copycat, it is very important to recognize the actual market situation at that time. In my opinion, if there is no overall liquidity relief, chasing the copycat outbreak before this can often allow you to reach the top in advance. The chips that can be held in your hand are the most important, and the sudden outbreak is for others to see.
Wu Bing thanked everyone for their support in the evening live broadcast. The popularity has soared after just a few broadcasts, although it was suspended in the end due to risk control. Here are some objective answers to the questions everyone asked in the live broadcast room.
First of all, can Sol surpass ETH? I can tell you very clearly that there is basically no chance in this bull market. Eth is the infrastructure of web3. No matter how low its current price is, the development of web3 cannot be separated from the support of the Ethereum ecosystem. Solana does surpass Ethereum in some aspects of performance, but its coverage is too narrow. In terms of industry development, Ethereum is still unlikely to be replaced in the short term.
People have always regarded Sol as a competitor of ETH. This argument is correct to some extent. They are both representatives of public chains and have similar values. Similarly, the recent outbreak of Sui is a competitor of Sol in my opinion. It is cheap and efficient, and its cost performance is even better. The high point of Sui, which was paid attention to by the short-term member group at the beginning of the month, doubled beyond expectations. It is the starting point of the current market. Those who are interested can consult and follow up. If necessary, we can also directly cooperate with funds. I am waiting for you in my offline studio.
BTC: The high point of Bitcoin's daily rebound is expected to remain unchanged, still around 67,000 points. The four-hour or daily lines have temporarily shown a small level of breakthrough tendency. The short-term focus is on the short-term support of 61,000 points below. Above this position, the trend is dominated by bulls, and we will talk about it after breaking. Similarly, the uncertainty of short-term reversal is very strong, so just be optimistic about this wave of rebound. Pay attention to the band, the high and low positions are in the next two days, and the rest will wait for the market to brew.
ETH: The exchange rate of ether has rebounded a bit, and the increase has exceeded that of Bitcoin, which feels like a late rebound. In terms of the general direction, it should not disappoint everyone again this time.
COMP: With a small focus, the daily trend is still there, it has rebounded by 20%, and there is still room for growth.
SATS: The bottom of the daily trend. If we maintain this position, there will be another small daily market trend.
The Fear and Greed Index is 54 during the day.
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