When the market was sideways on the 9th, we talked about our views on the subsequent market. It fluctuated sideways in June, leverage was cleared in July, and the market started to pull up with good news in August. It took off in September. The views in June and July were verified.
It was said that this process might be advanced on the same day. If we look at it this time, July-August may be the final bottom. My current view on this position is 59,000-60,000. Those who don’t have spot should also pay close attention.
From the recent days, ETF has maintained net inflows for 12 consecutive days. ETH ETF will be passed on the 23rd. Including the interest rate cut in September, the election in November, and the early completion of the fund absorption, all aspects seem to be developing in a positive direction.
This round of bull market is also different. The number of participants in the last bull market was about 200 million, and the number of participants in this round has reached 600 million. The more institutions and funds there are, the more complicated the market will be, and the more market absorption will be. There is a truth in the currency circle: the main force will not let most people make money!
