Hello, brothers, I am trader Zhu Once.
Today the market has entered a general uptrend, and the altcoins in the Cancun upgrade section have collectively skyrocketed. I believe many friends are happy with their profits.
This rise was mainly stimulated by the news that on September 29, the Valkyrie Ethereum Futures ETF was approved by the U.S. SEC and will officially take effect on October 3.
At the same time, 9 Ethereum futures ETFs may be approved at the same time next Monday.
Friends who have been following me all know that I have always been a long-term bull. During the long-selling market some time ago, I have been calling on everyone to buy the bottom and hold on to the chips in their hands. You can click on my homepage to view my previous articles, above The marked time can prove that what I said is true.
This is how I see the next market situation. If the U.S. Securities and Exchange Commission approves Ethereum futures ETFs in batches tomorrow, the market will surge higher, but after the surge, I expect it to fall back.
Based on this, I would like to remind everyone to be cautious in pursuing higher prices. When most people are bullish and the liquidity provided is enough for the main force to ship, be wary of a market reversal.
I even subjectively guessed that the main force would deliberately release bad news to kill the bulls.
In the short term, I am optimistic about the correction after all the good news, and in the medium and long term, I am still bullish. My specific operation strategy is to sell high and sell, and continue to go long after the correction.
Some friends will definitely have this question. Since I am short-term, why not go short?
Let me explain briefly. First, I am not sure where its high point is, and I am afraid that I will be trapped in the short position and become passive.
Second, I am still bullish in the mid- to long-term, so I prefer to be a T in the short-term, wait for the correction before entering, and get more advantageous chips.
Currently, I rank second in the 90-day total profit and loss list on Binance. Friends who are interested can directly search Zhu Yiyi and follow me. You can see all my operations above. You are also welcome to place orders with me.