April 15, 2024 Grandpa checks in

According to reports, Harvest Global Asset Management Co., Ltd. announced today that the Hong Kong Securities and Futures Commission has approved in principle Harvest's investment in two major digital assets, namely Bitcoin and Ethereum spot ETF products. This means that Hong Kong has chosen to follow the US's operations in terms of policy and found spot ETFs that are more suitable for traditional investors. As early as last year, Hong Kong started a pilot program related to cryptocurrency trading with great fanfare, but there was no sign of capital entering the spot trading volume. This ETF is theoretically good, but the degree of good news may be minimal.

The market rebounded today. Some people say that it was affected by this. In fact, it is not. After the market experienced a sharp drop, the price is very cost-effective in both short-term and medium-term. Today's rebound is a normal market after oversold. According to experience, the strength of this wave of rebound will not be too high, and basically no "V-reversal" will be formed. It will generally last for a few days. We can make a short-term wave first according to the subsequent rebound situation. Basically, there is a profit space of 10-20 points. The purpose is to prepare for the second retracement and bottom-fishing.

Yesterday, the market plummeted twice, and the price of chips continued to be cost-effective. In fact, we can not do this wave, after all, whether there will be a second retracement in the future. In fact, the biggest problem of the market now is still the big cake. This wave seems to have a great lethality to the market, but the big cake has only fallen by 10 points, which can basically be regarded as a retracement of the bull market. It is most reasonable to repair it with a slow upward shock. As long as the big cake has not given up the impact of 70,000, the bull market will not end.

Objectively speaking, there are not many opportunities to make money in the secondary market this year. The inscription craze led by Ordi and the local dog on Solana made a group of people rich, but other projects did not give retail investors too many opportunities. It is more difficult for us to make money, so we should be better in our mentality, otherwise it is easy to become the leeks that are cut. How to manage your mentality is very important. If you have learned to endure the suffering at a high position, then this time you should experience what it feels like to pick up gold everywhere.

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