ETF is about to be approved, is it a scam or a major positive?

ETH's ETF will be approved tomorrow. Is it a scam by the market makers? What is the probability of approval?

Although everyone says it will be approved, will there be a black swan reversal? After all, the market makers in the cryptocurrency circle are too cunning and have slaughtered us many times.

The basis for approval is that the SEC notified the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF, but most of the news sources are gossip, which is worth vigilance.

Let's look at two situations separately:

(1) If it is approved, there are two situations

Then $ETH will continue to rise, with a probability of 40%. All the good news will be bad news, and a correction will begin. After all, this is what happened a week after BTC's ETF was approved, with a probability of 60%. Then this is a good time for us to buy the altcoins in batches at a low price!

(2) If it is not approved, it will definitely be a big correction, and it is also an opportunity for us to build positions in batches. In any case, it will not be wrong to fill up the bullets before mid-June!

Let's take a look at the on-chain data:

(1) More than 10,000 $BTC flowed into the exchange yesterday

(2) Stablecoins have been flowing out in large quantities

Last night, Federal Reserve officials said that they would wait for three to five months for the data to continue to weaken, and the Federal Reserve will consider cutting interest rates at the end of 2024, which is expected to be between September and November!

#ETH #BTC突破7万大关 #PEPE创历史新高 #以太坊ETF批准预期

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