Recently, the market's response to the newly listed ETFs does not seem to be as enthusiastic as expected. In just two days, the market sentiment seems a bit gloomy. Many coin friends began to speculate whether the current 3085 is the bottom. Some people even worry that the Mentougou incident will continue to fall. Is it a good time to buy the bottom now?
After reading this post carefully, you will get the answer you want...

For the prospects of the two-cake ETF, the market generally believes that its liquidity and investor interest may not be as good as the big cake ETF. This reminds people of the situation when the big cake ETF was listed in January, when the market also experienced a short downturn. Therefore, in the short term, investors may need to adjust their expectations and not be too optimistic about the market rebound.

In addition, we cannot ignore the series of external factors facing the market recently. For example, the sharp drop in the Nasdaq, the uncertainty of Harris's policy, and the impact of the Mentougou incident, etc., may become tools used by the market's main players to manipulate market sentiment. The listing of ETFs may be just a means for the main players to attract investors' attention, and then create market fluctuations through a series of events to achieve their goals.

However, it is worth noting that there is a big cake event going on, which may have a positive impact on market sentiment.
As the impact of the Mentougou incident gradually weakens, the market is expected to gradually return to stability. Therefore, for friends in the currency circle, keep confidence,

Brother Mao carefully observes market dynamics, news, and technical aspects! Brother Mao predicts that it is expected to stand above 3200 today, that is, strong support is at 3077. Once it does not fall below the strong support today, it will stand at 3200. Friends who are trapped are expected to slowly get out of the trap next week. Friends who have not yet boarded the car are now the best time to buy the bottom. Go, go, go. I am Brother Mao, a wave theory enthusiast! Remember to follow me! #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #拜登退选 #WazirX黑客事件 $ETH $BTC