This month, the market fell first and then rose. It is still in a wide range of fluctuations and has not yet found a direction. The price of Bitcoin is similar to that of a month ago, and so are most altcoins. The only outstanding performance is the eth meme, such as 3 times of people and 2 times of pepe. The main reasons are:
1. With strong main force in control, large-scale shocks and wash-outs can be carried out at high levels.
2. The oscillation time is long.
3. The catalyst for the sudden progress of Eth etfs.
The sol series meme has a similar situation and is expected to take the lead in the next wave. We need to continue to pay attention to seize opportunities. In the short term, Bitcoin needs to fluctuate and pull back. It may take half a month to adjust before going up. At present, those who are profitable should at least stop at half of the profit. Continue to pay attention to the changes of sol.
Why did the Ethereum spot ETF not see a surge after it was approved?
I think many people don't quite understand this problem, so here is a brief introduction to the difference between the two files:
The U.S. SEC approved 19b-4 documents for eight Ethereum spot ETFs, a form used to notify the SEC of rule changes that allow ETFs to be traded on exchanges.
For example, introducing new products, modifying trading mechanisms or other relevant exchange policies. Once submitted, the SEC will review the proposal and solicit public comments before deciding whether to approve it.
However, the approval of the 19b-4 document does not mean that the ETF is approved. Formal listing requires the ETF issuer to obtain the S-1 document approved by the SEC.
An S-1 filing is a registration statement that a company files with the SEC for an initial public offering (IPO) or other securities offering, including an ETF listing.
The S-1 filing is not the last step, but it is a very critical step under the supervision of the US SEC!
Only after the SEC completes its review of the S-1 document and approves it, the S-1 document becomes effective and fund managers can continue to prepare for the official listing of the ETF, including determining the listing date and conducting marketing.
In general, the approval of 19b-4 means that the project is feasible; the approval of S-1 means that it is a done deal. Currently, this process takes several weeks to several months, so the price will not skyrocket in a short period of time.
Coupled with the fact that multiple spot Ethereum ETFs have been listed on the DTCC website, this could very well be the script for a#Bitcoinspot ETF!
The sectors that are essential to hold in the second half of 2024:
Election concept MEME is the sector with the biggest explosion in the second half of the year!
During the 2016 and 2020 elections, MEME coins were not so popular. There was only FTX/Sun Ge’s TRUMPWIN binary options contract.
There is no stone to cross the river by feeling your way through, but this time it is different and the probability is a constant:
1. Bull market cycle.
2. After the primaries, there will be a lot of controversial topics in the party nomination and national campaign.
3. Trump and Biden constantly mentioned the topic of cryptocurrency during the campaign & recruited MEME operators, controversy => traffic => buying.
1. BABY
Americans will buy MEME, the leader chosen by Hillary and politicized by Trump/supporters in the 2016 election, Binance, Mao tickets, and MEME with traditional traffic. The only problem is that it is not cheap, but good assets are not cheap.
In a bull market, the more expensive things are, the more you want to take advantage of the rising market and you need to hold heavy positions. In a big bull market, you need to hold large positions in CEX leaders and enter and exit freely. Otherwise, you won’t know when you will be cheated.
2. PEOPLE: A crypto-native MEME from the US Constitution
Constitutional concept, Binance, and Mao tickets. About 400M. The disadvantage is that on the one hand, it is a native MEME in the cryptocurrency circle, which is not directly related to the topic of the election. On the other hand, this round of rise was previously a national market, and the Chinese people believed that Americans would buy. According to the past MM style, after the weekly line is pulled, there will be a long wash.
But there are no other stocks in this sector on Binance. Wait for the mid-term correction to choose the right time to invest and look forward to a change of dealers.
In a bull market, if you lower your expectations, you will be a master of making money forever, especially when you sell at high prices. Some people are too unsatisfied to make 10 times the profit, and they want to make 100 times the profit. When there is a correction, they make 5 times the profit. At this time, they are still not satisfied and want to make 100 times the profit.
If you want, you can gamble on profits, all of which are principal, and you have to increase your positions. Once the market does not go as expected, it will collapse directly. I have looked at a lot of altcoins. Some new coins have too high market capitalization and have not experienced a sufficient cleansing. At the same time, there are too many altcoins. It is extremely difficult for some new coins to increase 10 times, while some old coins have almost increased 10 times.
The wealth effect of the exchange altcoins is far less than that of the last bull market, and the wealth effect is still on the chain. The difficulty has been upgraded, I wish you all good luck. It is expected that many altcoins will set new highs within 3 months!
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