🔥[Top Secret] Biden Administration Raids the Crypto Space! SEC Chairman declares 'ETH is not a security', is this a bull market rally or a policy trap? Institutions are secretly laying the groundwork!🔥
Policy Nuclear Explosion: The White House gives its first 'endorsement' for cryptocurrency!
US SEC Chairman Gary Gensler rarely concedes during Congress questioning: 'Ethereum is not a security'! Once the news broke, Coinbase's stock price surged 15% instantly, and ETH skyrocketed 12% in 24 hours. It is worth noting that Gensler was once viewed as the 'crypto killer'; this shift may signal a significant adjustment in the US regulatory framework - the 2024 policy dividend period has officially begun!
Three Major Killers Revealed:
Political Game Escalation: The Democratic Party may pass a 'crypto-friendly bill' to counter the Republican Party in order to win the votes of tech elites.
Short Sellers Face Mass Liquidation: ETH holdings reach an all-time high, and Gensler's speech directly triggers a 'short squeeze', with the $4000 mark potentially becoming a graveyard for shorts!
Wall Street Under Currents: Institutions like BlackRock and Fidelity have entered the 'final approval window' for ETH ETFs, with an epic buying wave expected in August!
Market Surge Warning:
Short-term: After ETH breaks $4000, it will challenge the historic high of $4800, while BTC will also aim for the $70,000 resistance level.
Mid-term: Beware of a 'policy realization' pullback! If the Federal Reserve's rate cut in September falls short of expectations, it may trigger profit-taking sell-offs.
Long-term: If ETH is officially defined as a 'digital commodity', it may become a strategic reserve asset for the US, with a valuation reassessment imminent!
Retail Investor Rescue Manual
Radicals: Leverage long ETH, targeting $4500, but leverage should not exceed 3 times!
Conservatives: Accumulate BTC + ETH spot, the 'dual currency insurance' strategy is the safest under political risks.
Short Sellers: Close positions immediately! Refer to the 2021 China FUD incident, policy news reversals often trigger 'waterfall liquidations'!
Deadly Truth:
Before Gensler's speech, ETH whale addresses suddenly increased their holdings by 120,000! Combined with the 'advertisement cooperation' note at the end - this 'policy favorable' may become an institutional pump feast! Remember: all revelries come with a cost, and August 15, the ETF approval day, may become a turning point!
