——Now is no longer a time of divergence between bulls and bears, it is just a unilateral slaughter of bears by ETH bulls.
ETH's ancient giant bull!
Before the BTC ETF was approved, the entire market faced the approval of the ETF for the first time, and there were three scenarios in general:
1⃣️As always in history, the top is when a major event happens (short-term short)
2⃣️Small step-by-step bull market brought by ETF Inflow (long)
3⃣️ETF becomes a Blur, providing unprecedented liquidity and delivery opportunities (long-term short) to early whales, especially GBTC
Expectations were wildly inconsistent, bringing a drop of about 20% followed by a bull run that almost doubled from 38,000.
If the ETH ETF is approved, most people will expect it to imitate the BTC ETF, which falls first and then rises. In this case, it is likely to be a front-runner to this expectation.
That is to pull it up directly.
1⃣️ETH’s increase this time is not that much. The expectation that ETH ETF may be passed faster only appeared this week, and the increase was no more than 20%, far lower than the doubling of BTC.
2⃣️ETH’s price has been suppressed for too long, and the exchange rate is in the historically dense trading area.
3⃣️If it passes, will the traditional ETH chain activity be less active? Is this round of ETH lacking a legendary narrative?
4⃣️ETHE’s selling pressure is far less than GBTC’s
Current macro situation:
1⃣️The four major US stock indexes are bullish
2⃣️Nvidia’s earning call exceeded expectations and its stock was split
3⃣️VIX fell to a one-year low. It is difficult for the US dollar and US bonds to continue to strengthen in the short term.
4⃣️FIT21 bill passed and election donations required
In other words, the direction of least resistance in the market is ETH, which is upward!
We must learn to act according to the situation!
This is our front-runner for traditional stupid money, cherish the opportunity.
🔔What will happen to other coins?
“Only if the US ETH ETF is approved can it bring a carnival exclusive to the cryptocurrency circle, an epic alt season, and countless dumb money and euphoric times.
It’s a very simple logic. The approval of Shitcoin ETF is just like domestic violence/cross-dressing/prostate massage. There are only 0 times and countless times. ”
Once the ETH ETF is approved, people will start fantasizing about the approval of the SOL/AVAX/PEPE/DOGE ETF. Even if SOL has been designated as a security by the SEC, it doesn’t matter. What matters is the emotion and momentum.
According to cognitive operations, once a prediction is made, knowledge and action must be integrated.
🔔Position related
70% ETH, 30% PEPE, ready to welcome the long bull market with great momentum.
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Former Japanese Prime Minister Shinzo Abe met with Hillary Clinton ahead of the 2016 U.S. presidential election, but after President Trump was elected, Abe's attitude changed 180 degrees. He immediately flew to the United States to meet with President Trump and quoted the Book of Changes: "A great man changes like a tiger, a gentleman changes like a leopard" to respond to the outside world's change of attitude towards him.
Major powers grasp changes in the situation, just as a tiger's stripes change with the seasons. Other countries should also be like leopards, sensing changes in the situation and making adjustments, so that they can survive in the treacherous and ever-changing international political and economic situation.
