Finally, the layout of the first stage is over, and today we return to the market. In the past two days of disappearance, the layout has made a certain contribution to the users who have spot goods in their hands. Especially the recent trend is biased towards the short market, which has caused some deviations for spot users. I also talked with you in the early stage and saw that the market is about to break in the near future, but the time arrangement is not accurate to every hour and every minute. At present, from the mid-line point of view, it has indeed entered the short market. A long time ago, I also shared with you that as long as it falls below the 3000 mark, there will indeed be a certain depth below the space. Don't blame Lao Cui for not reminding you in time. This round of market is indeed too fast, and basically only the spot users in my hands are saved. The article is indeed too late to update. Today we will take a look at the overall trend in the later period.
For the near future, the biggest news is that Hong Kong has approved the ETF listing request for Bitcoin and Ethereum. For the currency circle, it is indeed good news, at least it allows us to see the process of gradual compliance and legalization. Hong Kong has opened a good investment channel for the Asian market. For China, we should not expect the emergence of a normal trading platform for the time being. After all, the attributes of the currency circle cannot be directly defined for us. But don't be discouraged. The process of compliance will definitely get closer and closer to us. As long as Hong Kong has considerable income, it is only a matter of time for us to open up.
Let's look at the entire macro economy first. The Japanese yen is almost 160. In fact, not only the Japanese yen, but the entire Asia is about to collapse. The Korean won is 1,400, which is a 30% depreciation compared to 20 years ago. Vietnam is also the same. It has reached a new high of 25,000 in the past two years. The ten years of reform and opening up are almost in vain. Then the Philippine baht and India are all at new highs. The advanced level of Japan and South Korea is still sinking in the latest vision. It is possible that Asian currencies will face a new wave of defaults again. You must know that when Soros shorted the Thai baht in 1996, Goldman Sachs was the strongest lackey.