Buy the rumor, sell the news!

All good realizations mean that some investors who bought because of this good news will sell (ship).

For the financial market, an instantaneous adjustment is the most benign adjustment, while a negative drop is the most terrifying.

From a technical perspective, all trends have broken out, and short-term repairs will take time.

Before and after the adoption of the Bitcoin ETF,#1783CLUBpredicted the subsequent market, predicting that Bitcoin would fall below $40,000. Currently, Bitcoin has fallen below the $39,000 mark.

The previous view was the sentiment after the adoption of the Bitcoin ETF, which can be compared to the time of#CoinbaseIPO (April 2021). At that time, Coinbase’s stock price exceeded US$400. In the subsequent bear market cycle, Coinbase’s stock price once fell to US$30 (January 2023). moon).

At present, the macro-financial market is still benign, and there are no big negative news. For comparison, the Nasdaq index#NASDAQhit a new rebound high.

Therefore, in the Crypto industry, the first indicator that needs to be paid attention to now is how much more Grayscale $GBTC will be shipped, and how many sales can be accepted by other Bitcoin ETFs,#BlackRock$IBIT,#FidelityFidelity $FBTC, etc. .

Fortunately, the largest proportion of grayscale GBTC sales at present is the Bitcoin that#FTXhad to sell due to bankruptcy and liquidation, and it has been close to all sold.

In the past 24 hours, the#OKXplatform currency $OKB once plummeted by more than 50%, which means that 2x leverage may still cause liquidation or liquidation.

There may be uncertainty in the short term, but optimism remains in the medium and long term.

The warehouse is always full, the eyes are always filled with tears~

#SEC#Crypto#ETF#NASDAQ $BTC $ETH $Coin