Late at night, two pieces of news detonated the market. One was that the SEC said that the ETF had been approved, and the other was that the SEC chairman said that the SEC official website was hacked and the ETF still had not been approved. It took 15 minutes from passing to failing (5:11-5:26). The market fluctuations were relatively shocking. Although the currency price did not move much, for contract investors, many people’s positions were lost as a result. .

Thinking about it from another angle, this fake news can be regarded as a stress test. Before the SEC chairman refuted the rumor (the time for refuting the rumor was 5:26), that is, starting from 5:15, the market had already begun to fall sharply. This is the market Regarding the real expectations after the ETF is passed in the future, it can be concluded from this oolong news that even if the ETF is passed in the future, the price of Bitcoin will not fluctuate greatly, and there may even be a possibility that the good things will turn into bad things. , so the expectations are over, and everyone is well. The strength of the market will gradually weaken due to this own incident. Everyone should manage their expectations. Risks have begun to gather, and the biggest short-term benefits have been falsified by the market. This fake news can be said to be a fake show, and it has become an important signal in the short term!

On the other hand, Ethereum was very strong during the decline of Bitcoin. It is likely to be stronger than the market in the future, and funds will begin to cover the varieties with smaller increases. For currency-based investors, you can consider whether to adjust positions. coins.

The above are some of my thoughts immediately after seeing the news. I hope it will be helpful to everyone.

It’s hard to imagine, is it Bitcoin or the SEC that controls the market? #BTC #etf #BONK #ai #INJ $BTC