Brothers, get up, a big positive line, make a lot of money,
After the release of CPI data, we are bullish.
I have been reminding everyone to hold on for the long term, and finally I got great results.
Congratulations to the brothers who made money.
It’s the same old saying: once a big trend is formed, it will not last only 24 hours.
Most of those who are obsessed with short-term profits will sell out immediately.
If you don’t understand the trend, short selling will lead to a margin call.
Market Analysis
Something big happened during the few hours we slept yesterday.
Previously, the market generally believed that the Ethereum ETF would not be approved.
But yesterday, the SEC asked the exchange to speed up the update of the 19B-4 document regarding the spot Ethereum ETF.
This means that the SEC has a chance to approve the Ethereum ETF.
The chance of approval increased from 25% to 75%.
If passed, ETH will surpass $5000.
So now everyone is scrambling to build a position in ETH.
Let me analyze for you when the ETF will actually be approved?
There are two stages in the approval of Ethereum ETF.
One is 19B-4 approval and the other is S-1 approval.
19B-4 looks set to be approved, possibly this month.
S-1 approval can take anywhere from a few weeks to a few months.
But no matter what, it’s right to have this expectation!
It doesn’t matter when it is approved, the important thing is to approve it.
Yesterday, the Fed official website said that they did not see any reason to raise interest rates.
So it is also good news.
Funds continued to flow into the US spot ETF, buying a total of 3,077 BTC.
In terms of on-chain data,
BTC in the exchange continues to be bought and outflowed.
There is not much inflow of stablecoins.
How to choose the strategy in the current situation?
Strategy Recommendation
It is recommended to hold the valuable coins in your hands patiently.
If your positions are too full, you can first take profit of 20% of your positions.
Only long-term investment can make you rich.
Brothers who have short positions sent private messages to ask what to do...
It's so painful. If you buy at a high price now, you may get trapped. If you don't buy, you will have to watch the price go up.
First buy some ETH at the current price, then buy some FTM, Matic, Chr, and AR if they fall back by 1-2%.
Now ETH must be configured.
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