After today's injection, the market only exploded to over 200 million US dollars, which is a bit small.

Last time on 818, from 28,000 to 25,000, the market exploded to 1 billion US dollars, and then the bottom fluctuated for almost a month.

The price-performance ratio at this position is still not high, and it may not go up much. If it goes up, it will only be 48,000, or it may be volatile and have no profit-making effect.

If it falls, the extreme is around 3-3.2.

In terms of profit and loss, the price/performance ratio is not high.

In order to rise by a few thousand points, we have to face the risk of a correction of tens of thousands of points, so we still have to wait and see.

Let’s talk about ETF news,

Beginning in June this year, BlackRock applied to the SEC for a Bitcoin spot ETF.

Because BlackRock’s application for ETF in the past was basically not rejected, the market began to have some expectations for the ETF to be approved. Then in August, the SEC lost the lawsuit to prevent Grayscale from passing the ETF. This also led to the market’s expectation that the ETF would be approved. very high.

25,000-45,000, and the expected increase in ETF adoption is also included in the increase.

There will also be a large number of profit orders here. If the ETF continues to be delayed or rejected, it will call back directly.

If it passes, it will be dangerous to pursue it again.

My personal estimate is that if the market passes, we may continue to pull the market, and then sell a large amount of profits in the short term, and then smash the market.

Of course, the adoption of ETF is a long-term benefit, and short-term market disruption is also an opportunity.