After two months of cleaning, the big brother once again stood at 70,000, and once reached a high of 71,900, only 1,800 away from the new high. I wrote in the Q&A on April 22nd: Is the bull market over? I said that the fluctuation range is 6~73,000, and it will fluctuate for a month at most. Today is exactly another month. Whether it is due to internal ETF reasons or external E ETFs, the big brother has taken off again.

This is something that many people did not expect, especially when it broke through the 6W mark. More people lost confidence and the wind direction began to change. Some big Vs with no level began to see 4W and 3W. Now the market has slapped them in the face. This has also led to another wave of people being washed out. To be honest, every bull market is a process of washing out the big brothers, making the big brothers in your hands fewer and fewer.

Many people don't understand the rise. I said a point before, and I will repeat it again. Retail investors cannot accept the big brother above 60,000, and the big institutions cannot accept the big brother below 60,000. It's the same reason. In my diary on May 10, the order of this round of bull market should be like this? I said that below 60,000 is giving you money.

Why are the funds of wealth managers, whether it is the country or pension funds, still buying more than 60,000? It is very simple, because they know that this is not the top. Only when it rises above 100,000, the big brother must be the core asset.

At present, the price of the big brother is fluctuating at 70,000. It is likely to accumulate strength here and challenge the new high again. After all, it has come to this point. There are only a few points to the new high. Some continue to hold it! Standard Chartered Bank predicts that it will be seen this weekend. Look forward to it!

I suggest you review the 8 questions I answered in the two diaries on April 22 and May 10. ,......

I have repeatedly said the routine of this market. The same piece of news can be bad news if the market makers want it to be bad news or good news if they want it to be good news. On the 21st, Bloomberg ETF analyst said: The probability of approval of the spot E ETF has increased from 25% to 75%, which has turned E into a copycat pull, from 3,000 to around 3,800, and a lot of air force investors have been killed.

As a result, overnight, the SEC made a 180-degree turn in its attitude, making those who attended the meeting "feel panic". It also came up with a new requirement only for 19B-4, which also requires S-1 document approval, requiring Nasdaq and the Chicago Board Options Exchange to adjust the filing of the spot Ethereum ETF. Does it feel like a familiar plot has begun again?

It is very similar to the ETF approval of the big brother half a year ago, passed/refuted, passed/refuted, constantly rubbing the market. Today, E has a bit of a correction again. As long as the expectation is there, the long and short positions will be repeated, causing a large amount of money to evaporate from the market in a short period of time. Of course, everyone knows where the money went and who is going to make money!

In fact, I had already announced it in the circle on the 19th, and the approval rate was very high! When every ETF expectation can lead to a sharp rise, it is destined that every rise will increase the probability of approval, so I am not surprised now.

Let's talk about the price of E. Looking back at each stage, when people criticized B the most, for example, this time E was between 2800 and 3000. Except for a few people who continued to trade, most people were not optimistic. That means it had reached the bottom or the relative bottom.

At present, the price of E fluctuates between 3700 and 3800. It seems to have risen a lot, but its exchange rate against ETH/BTC has just broken through 0.05. There is still a lot of room above, and the line is also very perfect. If the breakthrough is maintained until the close of next month, it is likely to rise. In addition, E has not broken through the historical high of 4868 so far in this round, so it must take this step to break the new high to shock the market. The first long-term target is the new high of 4800~5500.

Some operations are still holding on, waiting for its continued performance. By the way, my E order on the 18th has ended, and I will only sell it and not buy it in the future. ......

Except for the MEME sector and E's ecological sector, which are strong, the others rebounded with E, but most of them still have no improvement. This indirectly proves that the big brother has not reached the top!

Since more than 95% of the people hold various messy copies, even if the big brother and the second brother increase in price this time, but the ones they hold do not, it will have nothing to do with them. This leads to an extremely calm market, and some groups are as dead as dead.

At present, the vast majority of copycats have not even recovered the drop of 4.14. I think the main reason is that on the one hand, the project parties have no direction and dare not move rashly, so they take the opportunity to clean up the market; on the other hand, the direction is suddenly clear now, but they have not reacted. Once they reacted, you can see that some copycats have taken off in a few days.

Don't worry, after the new high of the big brother, there will be a period of shock. This period of shock will definitely make the cottage rotate again, and it will accelerate the rise. The concept of accelerated rise is that it will go out of the rise method similar to the MEME sector. If you hit a few value Bs, then you will be stable at the end of the next bull market. Therefore, you said that there has not been a sharp rise yet, whether it is to get back on the train or seize the time to adjust the position and replace the opportunity, it is correct. There will be several times or even dozens of times of B appearing. At that time, don't mess around with the band, otherwise, like PEPE, once you get off the train, you will have no chance to get on the train again. Every time the market is always boiling a frog in warm water, it makes people realize it later. My articles in April and May always remind that the third stage is about to start, which is the kind that only occurs once in a few years or even ten years. Now it's here, what are you waiting for?