After the BTC ETF is approved, the next market trend prediction #ETH
After the passage of the BTC ETF, the market did not wait for the expected surge. Instead, everything was calm. It finally stretched to the 4W8 position two days later, and then "tactically corrected" to 4W1 a few hours later. There was no time for any reaction, and it completed a bear market for several days. A reshuffle that only takes months, but the independent market of ETH is even more concerning.
Many people expressed confusion. The ETF they have been thinking about for several years has passed, and that’s it? ? In fact, it is not the case. We have been in the currency circle for too long, and the pace is quite fast. The market sentiment of hype and fomo is dominant. Now that the boots have landed, there is naturally no story to tell, and this wave of sentiment naturally begins to turn towards ETH. , Cancun upgrade, L2 market, ETH ETF passed, etc.
After all, the crypto market is the product of the game of human capital. Looking at BTC’s white paper, it was created with the hope of changing the traditional financial system. Now it actually joins it, which is a lot of irony. Although the BTC ETF has been approved, the follow-up Wall Street fund capital still has a rhythm for its development and deployment. Unlike our projects, which are completed in minutes, we can pay more attention to their next plans.
You know, any tweet can affect huge price changes of BTC. If it were me, why not play a few similar games before entering the market to drive down the price and buy the bottom. Next, the market trend of BTC is expected to increase, but it is weak and has obvious fluctuations. Be careful of the temptation of individual news and make a reasonable allocation of assets.