If the spot ETF of ETF of ETF starts trading as scheduled in early July, can ETF break 4800 in the short term?
Why do I think it is difficult?
Now, everyone has seen the situation of ETF of BTC, which is not optimistic. In the first week of July, that is, from July 1st to 5th, there are non-agricultural data and unemployment rate, and the whole month of July is very critical, which directly affects whether there will be a rate cut in September. There are also CPI data, GDP annual rate, and interest rate meeting at the end of the month in July. Any one of them affects sentiment. July and August are difficult, and liquidity is sluggish.
Of course, I don’t mean to be bearish, but just to explain the current actual situation. This is definitely an epic positive for ETF, and this positive is long-term. It’s just that the current macro sentiment and liquidity are not very friendly.
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