Two hours ago, the market suddenly fell. I saw many people jumping out to be bearish, saying that the market will fall regardless of whether the ETF is passed or not. But I hold a different view.
I think it is a good phenomenon that the decline occurs before the ETF news is released. When market expectations are too consistent, it will lead to too high sentiment and too much leverage in the market. When the news is released, these short-term speculators will sell their chips to increase the selling pressure on the market, making it impossible for the subsequent momentum to continue. So it is to sweep out these high leverages before the landing, the car becomes lighter, and the subsequent rise will be easier.
However, judging from the position, it has not fallen much, and the game sentiment in the market is still very high.
I still have a bullish view and my long orders are still there. I have set up cost protection at the moment, so I can bet on the ETF passing with zero risk. Even if it fails, I will not lose a penny.
This is the advantage of low cost, and I am more optimistic because of this! $ETH
