There is amazing news about Ethereum ETF! It is absolutely true. I was really shocked after reading it!
It's not good! These big losers will face a huge negative impact, I have reduced my position!
Why hasn’t Bitcoin skyrocketed after two months of halving? What went wrong in this bull market? It’s really scary to think about it! Let’s follow Shuqin to find out what happened.
First of all, there is the gossip about Ethereum ETF, which will definitely surprise you.
We originally thought that the Ethereum ETF would be launched in September, after all, this is what the SEC chairman said at the hearing. But now there is a rumor circulating, and it is very reliable. This time the result will definitely exceed market expectations.
Shuqin found the latest statement from Eric, an insider at Bloomberg.
They have multiple pieces of evidence showing that the launch time of the Ethereum ETF has been brought forward to July 2 instead of September as everyone thought. If it is really passed by then, it will definitely give the market a surprise and will be a sudden positive.
Is Eric's statement credible? Shuqin thinks 90% of it is credible. For example, before the Ethereum ETF was approved, no one in the market thought it would be approved. As a result, Eric, an analyst from Bloomberg, said that he got a rumor that it would be approved, and it was actually approved.
And going back further, when the Bitcoin ETF was first hyped, he also said a lot of gossip in advance, saying that it would be approved, and it was approved in the end, so this person is a real source. After all, he came from Bloomberg, which is equivalent to a media of the same level as Reuters. So Shu Qin believes that this is not groundless. This Ethereum ETF may really be listed on the New York Stock Exchange and start trading on July 2. At that time, Wall Street funds will enter the market. Even if the initial inflow is not much, it is also real buying, so Ethereum and even the currency circle may use this to reverse the downward trend.
What I am paying more attention to now are its related ecological tokens Pepe and Pendle. After all, these two coins have basically been corrected, and they have fallen 40% from their previous highs, giving everyone the opportunity to enter the market at half price.
And look at Pepe's K-line, doesn't it look like a big Elliott impulse wave?
Now it has fallen back to above 0.1 of the peak of a wave. I think it is really possible to buy on dips. The next time it explodes, it may very well go to 0.2 or even higher, because this coin does not normally rise, but once it explodes it will rise 3-5 times. I am also buying Floki, WIF and People, but I don't buy as much as Pepe, but the logic is the same. Don't wait for them to explode before you enter the market. We must buy when no one is interested, buy what others dare not buy, so that you can get rich, okay.
As for Ondo, People and others, we issued ABC wave pullbacks one month in advance.
Previously, we bottomed out in wave A, and then took advantage of the rebound in wave B, but today it is a decline in wave C. I think it is possible to bottom out, but you must not use a high multiple. Use spot or 2x to bottom out. After all, only if you are alive can you have a future.
In addition, Shuqin wants to talk about a question that everyone is very concerned about, which is why Wall Street has been increasing its holdings, but the currency price just doesn’t go up. Is there any explanation for this?
Eh? Actually, there is, and it’s a big problem. Any veteran investor in the US stock market knows the reason for the current market situation. That’s the famous saying in the investment world, “Sell in May and go away.”
It is commonly known as the summer off-season, and in contrast, there is the Halloween effect, which has a very deep investment logic behind it.
Whether it is the cryptocurrency market or the U.S. stock market, they usually perform well in the fall and winter, but perform mediocrely in the summer. You can see for yourself, right? It is indeed the case.
If you backtest the S&P market trend over the past 50 years, you will find that the average increase from November to April of the following year was 6.9%, while the average increase from May to October was 1.5%, a difference of 5.4%, a full 4 times.
The reason behind this is that summer is the peak season for tourism and consumption. Everyone goes out to eat or go shopping, so there is less money invested in stocks and less time to watch the market. Some people even have to sell stocks to make up for actual consumption.
In autumn and winter, everyone stays at home with nothing to do, so there is more time to invest.
And because consumption has decreased, there is more money to invest. When the city was locked down due to the epidemic in 2020, both A-shares and US stocks soared, because everyone had nothing to do at home, so investment activities increased significantly.
In addition, some investment managers will predict this situation, so they reduce their investment activities in the summer and wait until autumn and winter to enter the market to reap the profits. This expectation further deepens the effect, so this is the origin of the summer off-season and the Halloween pull-up effect.
Most of the people in the cryptocurrency circle are young people, so they are more deeply affected. Therefore, don't worry, it's not that there is a problem in the cryptocurrency circle, but it is indeed in the off-season for investment. The real super-large pull-up often starts in autumn, and then around April next year, you may need to escape the top. This was vividly demonstrated in the last bull market.
But Shuqin wants to tell you that although it is the off-season, it does not mean that it will not rise, but it will rise less, so you should still buy it. In fact, I think this gives everyone more time to hoard coins, because the price at the peak of the bull market is still the same, but during this period, there are an extra one or two months for everyone to accumulate chips. In addition to adding positions with your usual salary, I think more operations now can actually allow you to quickly accumulate more principal, and when the bull market comes later, you can achieve financial freedom in one wave.
For example, Ton, which Shuqin asked everyone to ambush recently, has risen again. Previously, it was 6u and everyone was asked to enter the market. Then it rose to 7.5 and everyone ran away. Then I said that it would be taken back at 6.8, and it really fell to 6.75. I specially reminded everyone to enter the market in the community that day. Now you look at it again, it is 8u this week, and another wave of principal has been accumulated.
So the summer off-season is the time for you to accumulate chips. Every extra penny you earn now will be multiplied by dozens of times in the bull market. It is very critical. Those who want to operate together can take a look.
Okay, let’s continue.
The following coins will face huge selling pressure, and you can even consider buying at highs, because these coins will be unlocked in large amounts in a few days, and there will be considerable selling pressure. We can buy at highs before the unlocking, and then take profits at lows on the day of unlocking.
Of course, if you want to be safe, you can also go long on Bitcoin to hedge the risk of the market rising, forming a small investment portfolio to short the exchange rate. However, Shuqin still prefers to deploy potential coins at low prices, because shorting is only temporary, and rising is the main theme of the bull market.
As long as you are not greedy, use spot or double long, and you will soar if you open the right position, and at most you will be trapped if you open the wrong position, but there is no risk of liquidation. When the market comes, you will be released and make a profit, so there is no loss of money, at most you will feel uncomfortable for a while.
On the other hand, USDT has made another big move, which may be a signal of another price pull-up. Please see the picture.
Just yesterday, Tether issued another 1 billion Us after a month, indicating that some whales are buying Us to enter the market. This is a very obvious signal of pulling up the market, because if you look at the previous times when additional issuances occurred, such as in mid-May or even in early and mid-April during the Middle East conflicts, Bitcoin saw a very large increase of more than 10% in the following days.
I think we should not underestimate the issuance of USDT this time, because a reversal of the situation may really come at any time, and opportunities are always reserved for those who are prepared.
Now the question is, are you ready?
