SEC's attitude is ambiguous

Where should retail investors go?

Since the day before yesterday, the battle between long and short has never stopped. When the two sides meet, they still say to each other: idiot! The market seems unpredictable on the surface, but there are actually traces:

First: With the hype of Ethereum ETF, the market has pulled a wave of rise, but the expected value has dropped, and the market has another wave of decline; and the results of the meeting are mixed; for BTC, I have already said in advance that the current market of BTC is not too good or bad; the market, which was originally sideways, has become ups and downs due to market sentiment!

Second: The attitude of the Americans towards Ethereum ETF is really interesting! It's like you open a mall: you find what you want on it, and the merchant has complete certificates; but when you pay, you find that there is no purchase channel.

Third: The American election is imminent, and under pressure, the SEC has to express that it supports the encryption industry and ETFs, but when to open it, it still needs to be considered~haha! Why should we take two steps when we can pass it directly? There is a strong political implication, because no matter who wins the election, the SEC can make decisions at any time according to the incumbent's intentions. It can be said that it can attack or defend. No matter who of you two comes, I will not make mistakes. The same is true for the Fed's interest rate cut time!

Fourth: For the cottage, friends should pay attention to three points:

1: Ethereum is good, cottages generally rise

2: Ethereum is bad, cottages generally fall

3: Too many and half are short, then cottages have independent market

The current Ethereum belongs to the third category. It gives us a candy, but we are not allowed to eat it now. It's very uncomfortable!

But overall, there are more positives, at least there is no risk of falling below the previous low for the time being! As long as there is no black swan in the market, there will always be capital flow in the market; there will be no shortage of independent market trends.

Everyone can follow the following directions:

1: BTC is still fluctuating between 60,000 and 70,000, and it is the golden period for swing trading in the short term.

2: Ethereum strategy is mainly to buy at lows and buy at lows; it is difficult to break the previous low again, so it is not recommended to short too much and don’t expect to eat both long and short.

3: The cottage season has not arrived, and there will be no general rise for the time being. The cottage holdings are still mainly the leaders, and beware of the independent market trends of individual currencies.

4: In the coming period, the US election will be an important factor affecting the market, so please pay more attention!