With the overall market improving, we have ushered in the long-awaited year of 2024. We are expected to witness a wave of rising prices for multiple projects such as ARB and OP. However, as the news of the Bitcoin ETF is about to land, we also need to pay attention to possible phased adjustments. This article will explore the layout focus in this market environment, as well as thoughts and suggestions on different investment levels.

News about Bitcoin ETF and market adjustments

As the approval process of the Bitcoin spot ETF is nearing completion, the market is full of expectations. Analysts at Bloomberg said that the probability of the ETF passing has exceeded 70%. Grayscale's chief legal officer also revealed some news that the company has completed the relevant procedures for securities registration. These news have had a positive impact on the market. However, before the news is announced, the market makers may use the ETF news to push the contract up and down. At the same time, there are reports that BlackRock, the world's largest asset management company, may privately buy a large number of Bitcoin positions and put pressure on the SEC, hoping to pass the review of the Bitcoin spot ETF as soon as possible.

The growth and warnings of the second layer network

Recently, the second-layer network has started to rise one after another, and investors who are still chasing the rise of inscriptions at this time may have missed the best time to lay out the second-layer network. Pre-judgment and layout in advance are the key to successful investment, rather than waiting for the rise to be obvious before chasing. For the rise of the second-layer network, it is necessary to pay attention to the psychological characteristics of retail investors. Retail investors often enter the market when the rise is obvious, but once the rise slows down, they tend to lose patience and begin to waver. Therefore, for this part of investors, a pullback may be an opportunity, but they need to be cautious, control their positions, and choose short-term or medium-term operations.

Ethereum's trend and entry time

Ethereum (ETH), as the main body, has been fluctuating sideways recently, but it is worth noting that ETH has broken through the bottom range of nearly one and a half years. Although there was no huge volume when breaking through the key position, it is normal to oscillate back to the support level. Several retracements failed to break through the support, indicating that the support below is relatively solid, and there may be a good wave of gains in the future. This point can be regarded as an opportunity to enter the market and cover positions in the short and medium term.

Investment strategies and operational recommendations

For long-term investors, if you miss the opportunity of the bottom shock below, you may have missed the best long-term entry opportunity. However, for medium and short-term investors, the current position is a good entry point, which belongs to the category of right-side trading. Long-term and medium and short-term have their own advantages. Investors can choose the trading level that suits them according to their personal trading habits. Long-term layout in the bottom shock range has a large profit space, but the waiting time is long and the risk is relatively high. Medium and short-term focus on capital utilization, adopt right-side trading, wait time is short, risk is relatively small, but the rate of return is relatively low.

Outlook for the market in 2024

Regarding the outlook for the market in 2024, some people expect a super crash similar to that on March 12, 2013 (312). This expectation is mainly based on the big bull market in 2023. Currently, most people are still in a short position and are taking a wait-and-see attitude towards bottom-fishing. However, the current coin price is not low. If the market adjusts, there will be more chips to buy. In addition, the current complex international economic situation, tight funds, and the shadow of war have also brought some uncertainty to the market.

Uncertainties and risks in 2024

There are different opinions on whether there will be a super plunge similar to 312 in 2024. Some people think there is such a possibility because the bulls have made a lot of money in this round of market. Others believe that even if there is a short-term decline, there will not be a market as fierce as 312. Personally, I think that although there is a possibility of a short-term decline, it will not be as extreme as 312. Investors should remain calm in market fluctuations and not gamble. I personally am more optimistic about the overall market in 2024-2025. Even if there is a short-term decline, it is expected to usher in a new high. In investment, it is an important point that investors should pay attention to to avoid betting on an accident and missing the basic market.

Over the past decade, many people have missed the opportunity to get on board because they got off Bitcoin for a short period of time and waited for a low price to buy at a low price. Therefore, in the face of market uncertainty and volatility, it is a strategy worth considering for investors to keep a grasp of the overall trend and adhere to long-term layout.

Finally, what Boshi wants to say is that there are still many things that have not been expressed, and not everything can be understood through just one article. You can continue to pay attention to Boshi, and let us create brilliance together in the new round of bull market!
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