8 years in the cryptocurrency industry, good at band and macro analysis, domestic: dasheng2578

#以太坊ETF批准预期

Is the ETF of $ETH coming?
Let's talk about a few important facts about ETH ETF:

The US SEC asked Nasdaq and Chicago Stock Exchange to update the 19b-4 filing documents for Ethereum spot ETFs on Monday. The 19b-4 filing document is a form used to inform the SEC of rule changes that allow funds to be traded on exchanges. It directly triggered a 20% surge in ETH in a single day.

This suggests that the SEC may approve these applications before the key deadline of Thursday, May 23, but this does not mean that the ETF will be approved. Before being approved, potential issuers also need to obtain S-1 application approval before the product begins trading. A person familiar with the matter said that the SEC may take an indefinite time to approve the S-1 document because it has no deadline.

It is currently known that seven entities are applying for Ethereum spot ETFs, namely: BlackRock, Fidelity, Invesco & Galaxy, Grayscale, VanEck, 21Shares & Ark and Hashdex. Among them, VanEck is the first institution to apply for Ethereum spot ETF, and the SEC will make a final decision on its application before May 23. The result of this application will directly affect the resolution of other applications.

● Then the approval result: Failure
It will inevitably lead to a sharp drop in the Ethereum system, which will in turn trigger a decline in the market.

● Approval result: Approval
Looking carefully at the table, Grayscale's ETH spot ETF application is also included. If the SEC approves it, it is likely that all ETH spot ETFs will be approved. Grayscale holds about 3 million ETH, worth $11 billion, and currently has a premium of -13.4%. Did you find that you have seen this script? Yes, this part of ETH that has been locked for a long time is likely to be sold in a hurry to cash out like the BTC ETF in January. On January 8, Bitcoin rose 7% because it passed the expectation. On January 11, Bitcoin ETF was officially approved, but due to Grayscale's continuous selling for many days, Bitcoin fell back from 48,000 to around 40,000.

To sum up, I think whether the Ethereum ETF is passed on the 23rd or not, it will lead to a decline in ETH. It's just that the duration and intensity are different. Before the announcement on the 23rd will be the best time to hype and sell at high prices!

So, how do you think the script will go? Welcome to leave your opinion!

On May 10, I clearly pointed out that the Nasdaq will hit a new high, and the bottom will be bought when it falls back. After the new high on the 15th, the air force continued to smash the market for two consecutive days without smashing it down. Such a continuation means that it will continue to rise!
Bitcoin also came to the previous high as expected, and Ethereum also pulled out a 20cm big sun, and the market became active~
But we still have to be careful of the risk that ETH's ETF will not pass on the 23rd~
So my strategy for the past two days is to sell more as the price rises, sell in batches, and pocket the profits!

Congratulations to everyone on getting rich~
💰💰💰

The prediction on the 17th was realized in 4 days~ Happy!!!
This wave has been calling on friends to increase their positions, and has been firmly bullish on the big pie. Last night, a big positive line rushed to the moon!!!
🚀🚀🚀

Congratulations to the friends who keep up with the money-making! Seeing you make money is more fun than me making money!
😄😄😄

This wave of spot positions is 90%, and there are also 61600 $BTC , 144 $SOL, 28.39 $ETC yesterday, and 0.0115 $BOME long orders, which are almost full!

The SOL ecological coins $Ray, $Jup, etc. recommended to buy a few days ago, and the $ETC that was bought at the bottom yesterday, all have an increase of about 10~20%. All operations are recorded, and there is no hindsight. Thank God for the rice~
🌹

I will continue to work hard and continue to output valuable information. I hope that my wealth can be multiplied several times this year! I also wish everyone can make a fortune!
🚀🚀🚀

Sun Ge: Now do you understand why I bought ETH like crazy?
😂

Commemorating 519

Still remember the bloody storm that night
580,000 people, their accounts were reduced to zero in an instant
6.9 billion US dollars, disappeared in the blink of an eye
Looking back, the past is like a dream~

I hope that you who see this post will never experience such a catastrophe again~
Those who like it, their wealth will grow steadily! 🚀
#纪念519

Once the inscription collapses, it is impossible to rise again!

I still see many people calling for bottom-fishing inscriptions, and some newbies ask if they can bottom-fish inscriptions. I directly give the answer: Don't touch inscriptions, because they will become Hades!

In December last year, the inscriptions were hotly speculated because everyone was attracted by this rare innovation on BTC, and the inscriptions met the characteristics of fair launch without reservation and 100% circulation, making it a hot target for everyone in the short term.

But after the initial period, the market finally discovered that the inscriptions were actually just a bunch of digital symbols and had almost no value. This is just like the mess after the popularity of NFT small pictures.

Most of the inscriptions have become Hades, and whoever buys them will die. Now there are still people calling for bottom-fishing inscriptions, which are either stupid or bad.

If the inscriptions want to have a second spring, they must either launch new innovations, or empower the inscriptions, such as airdrops to holders, or as qualifications for participating in activities. Otherwise, a 90% drop can be another 90% drop.

Runes are actually the same as inscriptions. Without new innovations and empowerment, they will all end up in a mess!

#铭文

The following viewpoints come from Shuqin, and I agree with them very much. I repost them here. Yesterday, I also reminded the community to escape the top MEME.
PEPE and WIF in the local dog sector collapsed! BOME fell! What happened?

PEPE surged 50% before because of the meme stock GME. As we said a few days ago, GME collapsed and plummeted 30% every day. Therefore, meme coins such as WIF and PEPE performed particularly weakly in this round of currency circle surge. They rose because of GME and fell because of GME. It was fair. BOME also had bad news yesterday saying that the team left, but it was unconfirmed.

BOME went online too quickly and did not undergo a strong wash to absorb funds, so it began to adjust weakly after rising.

Another reason is that the rise of mainstream coins will reversely suck the blood of local dog coins. When Bitcoin stops rising, the hot money will rush to local dog coins again, so give the meme sector some time.
For WIF, I am more concerned about the strong support of 2.3 and the integer mark of 2.5, while for PEPE, I would buy some at 0.09 and 0.085. BOME is very attractive around 0.1.

As expected, BTC has reached the position mentioned last night. The weekend market is not big, just look at the small rebound of high-quality altcoins. The sol series is still the bright one~
Get ready for a hotter market!

Quietly waiting for BTC to further break through and rise!
🚀🚀🚀

♦Technical level:
The current price of Bitcoin is 66400. After one and a half months of adjustment, BTC has a W bottom at the daily level and a long position at the hourly level. It is about to break upward and reach the left high point between 67000 and 67500.

Then the second target will be the trend pressure line near 69200.

Finally, of course, it is the previous high of 72000. There may be a callback in the middle, but it is very likely to be reached in the next 1 or 2 months.

♦At the macro level, there are also many potential positives:
●The European Central Bank is about to cut interest rates in June
●The Israeli-Palestinian war is easing
●CME will launch BTC spot trading
●US inflation slows down and interest rate cuts heat up
#BTC走势分析

Europe: Brother, I can’t hold it anymore! ~
China: Why hold it? You can’t stop peeing!
USA: Fuck, get out of the way, I can’t hold it anymore!

#BTC #美国4月CPI数据回落 #降息放水

$SOL 's growth is gratifying!
🚀🚀🚀

Wall Street's favorite son is not just talk, how high can the long order of 144 get?

In addition, when will SOL's market value surpass ETH?

There is no need to panic about the decline and correction last night! A correction is an opportunity!

Let's analyze the decline last night first:
The US stock Coinbase plummeted 9.5%, bringing down Bitcoin, for two reasons.
1. CME was exposed to plan to launch Bitcoin spot trading
2. The Senate passed a bill to challenge the SEC, hoping to allow more financial institutions to custody BTC

The combination of these two will greatly affect Coinbase's existing business, and the profits of spot trading and custody business will shrink. So it caused Coinbase to plummet.
But these two points will attract more financial institutions to participate in this industry for Bitcoin, which is not bad news, but good news.

BTC only fell 2% when Coin plummeted 9.5%. Although it passively followed the decline, the decline showed that Bitcoin was very resistant to the decline. What does it mean? Bitcoin was wrongly killed, and many smart funds were on the tray.
The big rise the day before yesterday and the small adjustment yesterday are actually very healthy, which is conducive to the future market.
For all the above, we are still optimistic about the medium-term upward trend!

$NOT
A random coin can have a market value of 1 billion US dollars? Is it so easy to harvest leeks?
Even dogs won’t accept it!

$ETH's second brother is no longer safe at a low position!
Solona is gradually replacing Ethruem, and funds have voted with their feet.
Look at the Ethereum tokens, including OP, ARB, ETHFI, SSV, which are weak and weak.
But the currencies in the $Sol sector have risen across the board, including JTO, JUP, TNSR, PTYH, etc., almost all of which are on the list of gains. Coinbase also announced the launch of Sol perpetual futures.
Capital has made its choice, and a new era is gradually coming.

Why didn't this guy from Alibaba buy these tens of millions into BTC?
That would be several times more, not only enough to pay back the bribes, but he probably wouldn't even have to go to jail
😂

So, how important it is to learn how to buy Bitcoin
😄

2024.5.16 Cryptocurrency Events
I. Macro
(1) Hedge fund Millennium holds $2 billion in spot Bitcoin ETF
(2) Former Goldman Sachs employee founded crypto venture capital Neoclassic Capital
(3) The probability of the Federal Reserve keeping interest rates unchanged in June rose slightly to 91.6%
(4) The annual rate of US unadjusted CPI in April was 3.4%, expected to be 3.40%, and the previous value was 3.50%
(5) Data: 24% of the top 100 tokens by market value are at their lowest price this year, and 73% perform worse than BTC
(6) The ETH/BTC exchange rate fell to 0.04577, a new low since April 2021

II. Public chain
(1) CyberConnect was reshaped and renamed Cyber, transforming into a social re-staking modular L2
(2) Blast announced that it will be on June 26 Airdrop activity launched on the day
(3) A whale invested in AMC and GME in 2 days and achieved a 648% return rate
(4) L1 project Initia announced the launch of an 8-week incentive public test network
(5) Web3 infrastructure company Chainstack completed US$6 million in financing, with SBI Ven Capital and others participating

III. DeFi
(1) DeFi protocol developer Intensity Labs completed US$6.9 million in seed round financing, led by Polychain Capital and others
Application
(2) Humanity Protocol completed a new round of financing of US$30 million, with Animoca Brands and others participating

IV. CEX
(1) Bybit will launch IO and EIGEN on Pre-Market

#币圈每日大事记

As predicted, many currencies have shown offensive postures on the K-line. This wave of rise will not draw a door, and it is likely to follow a trend of small correction and large rise. My friends, hold on tight~
🚀🚀🚀

The AI, Meme, Sol system, and public chains such as FTM, SUI, and SEI mentioned a few days ago all performed well~ Keep going~

Successfully predicted the US April CPI! 🚀🚀🚀

Is this wave of longs still okay~ Brothers😁

Thanks to LPT, thanks to BTC~😘

Dear family members, go to the Binance Square of the Binance app and search: Wendao Finance BTC, and pay attention! When there are more than 500 people, the teacher will have two free live broadcasts every day to guide everyone to trade spot contracts. Pay attention, I admire his live broadcast effect and trading strategy!