The market will fluctuate for one or two months at most. Brother Ming expects liquidity to return completely in the second half of the year, and the fastest will be seen in the third quarter. The market currently expects the Federal Reserve to cut interest rates twice this year, and the probability of a rate cut in September is very high, which is in line with the logic of liquidity returning in the second half of the year.

Market: Grayscale's GBTC has achieved a net inflow of about 4 million US dollars for 2 consecutive days, and the sell-off seems to have stagnated.

The SEC postponed the approval time for Invesco Galaxy's Ethereum ETF application. According to a document on Monday: The SEC believes that it needs enough time to consider whether to approve it, and set the next deadline to July 5. Postponement rather than rejection indicates that there is still hope.

The market is still volatile. No important data will be released this week. It is expected that it will continue to fluctuate in an disorderly manner. The market's money-making effect is not good. This bottom is estimated to have to be polished before it can come out, but the bottom has been moving up. Although there is uncertainty in the short term, it is insignificant. It is enough to do things that are relatively certain in the long term.