Exclusive analysis of the currency circle: After three months of washing, market sentiment has bottomed out and rebounded! Ethereum ETF may become the detonation point of the bull market, and the opportunity is coming and cannot be missed!
First of all, I would like to give you confidence. Since entering the correction period on April 1, it has experienced three months of washing.
Except for mainstream currencies, almost all altcoins have fallen back to the starting point of the bull market or a new low.
Under the influence of negative news from Germany, the United States and Mentougou, the current sentiment in the currency circle is already at a low point, and the first and second level money-making effects of the market have also been significantly weakened.
We have emphasized before that the market does not have a market that will always rise or fall. In June, it experienced sideways trading, in July, it cleared too much leverage, and in August, it began to gradually release good news, indicating that there may be a pull-up.
According to my observation, the law of this market cycle may appear in advance, because the market has cleaned up a lot of chips, making the market lighter and conducive to future rises.
The current position is close to the point where there is no more room for decline.
Why will the market continue to maintain a trend of volatility or even induce more and then fall?
The main purpose is to absorb chips and prepare for future increases. Everyone has the opportunity to buy chips at a low price, which is a good opportunity.
In a bull market, once good news is released, funds will flow into the market. The launch of the Ethereum ETF may become the detonator or starting point of this round of increases.
Therefore, don't forget the good news that will come after the current negative factors. The Ethereum ETF is expected to be launched on the 15th at the latest, and today's approval basically means that the final review has been confirmed.
In addition, there are long-term positive factors such as a one-year interest rate cut plan, the US election, and various Bitcoin funds.
Now is the stage when the market is absorbing chips and preparing to pull up, and everyone can grab low-priced chips. When good news is released, funds will inevitably flow into the market and drive prices up.
Therefore, maintain confidence and patience, and the footsteps of the bull market may be coming soon.
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