Bitcoin must be added when it pulls back! Grayscale smashes Ethereum? How will the market trend go in the future!
From the daily trend of Bitcoin, after a short-term precise retracement to MA60, it bottomed out and rebounded, and the retracement was in place. Next week, it is expected to continue to hit the previous high of 72,000. If there is a second retracement in the short term, it can be added to the spot near the previous low of 66,000. In the upward trend, every retracement to the trend line is the best opportunity to get on the spot. Cherish the intraday retracement
Bitcoin ETF has seen net inflows for 9 consecutive days. Whether in the United States or Hong Kong, institutions, whales and retail investors have been buying recently. In addition, the United Kingdom has also approved the Bitcoin ETF, and fresh blood will soon flow in. According to the recent market performance, Bitcoin will most likely break through 74,000 in June, setting a new historical high. BlackRock entered the circle in June 23 Brought about a big change in ETF
The Ethereum BlackRock ETF has also been approved. The next step is to go through the process to be officially listed on the US stock market. This time window is about 20-30 days. Next, Ethereum will be the core of the entire market. From June 23 to May 24, the Bitcoin BlackRock ETF was hyped for a year. Bitcoin 25000-73000=48000/25000=190% increase. Ethereum ETF was only urgently hyped from 2900-3900 for a few days and increased by 30%. Therefore, this round of bull market is ETF bull, BlackRock ETF bull.
The problem now is that most people are betting on the Ethereum BlackRock ETF bull. The contract market will naturally continue to insert pins and then V up to explode the contract. It fell to 3625 and then V. The big pin announced was 3500. Therefore, the closer to 3500, the more you can buy the bottom and take more. Now through the landing of news, the market is washed, and it continues to rise after washing. 3500 is a big support position. Focus on the Ethereum low point starting with 35 to go long.
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I know many people are worried about Grayscale dumping the market. Here I will explain that Grayscale has 300-400 ethers at a cost of 20 years. It has 3 million ethers with a profit of 10 times. This can only be unlocked and dumped in the US stock market after the ETF is listed. It cannot be dumped now because it has not been listed yet.
So in this window period of passing the listing, it is about 5.25-6.15-7, about 15-30 days. It is hard to say exactly. This window period is still bullish. Ban qu1n+威;826729496. After Ethereum is officially listed in June-July, you must be careful of Grayscale's dumping of tens of billions. So Ethereum is the core. You must wait patiently for the opportunity to insert a pin and connect more, and you cannot chase more.Don’t be too ambitious in your contracts, because the Grayscale ETF will definitely crash after it goes public. Find a low point to buy more, and then pull it up and sell it. Make big waves. It’s probably a 15-25 day window. I hope you can take advantage of the waves and earn this rare bonus.
