Bitcoin spot ETF was successfully approved. Is it true that the landing of favorable conditions often marks a temporary high point?

According to historical experience, the implementation of favorable news often marks the stage-by-stage high point of the market, and there will most likely be a wave of market cleansing for at least a month. Therefore, I have been operating with small positions recently, but the gains are still good.

There are countless opportunities in the market. When the risk is high, there is nothing wrong with us wanting to gain more profits. However, the premise is to better control the risk. Therefore, I have not operated with a full position recently, let alone leverage. Fortunately, I have experienced every wave of rising market in 2022 and 2023. Therefore, I have some experience in controlling the overall rhythm. Therefore, in terms of layout of varieties, I don’t buy everything, and try to participate in projects with potential and explosive power. So far, the ARB, ENS, MASK, and ETC that I have been laying out have actually allowed me to reap the results I want. Although I did not sell at the highest point, my direction is correct, and my personal goal selection can also be achieved. This is enough!

The current market has entered the final tail stage. At this time, the rise will be relatively rapid. I don’t know when it will peak, but I can confirm that a large-scale wash-out will definitely come in the near future. Therefore, after cashing in, if you still want to participate in the market and buy back your chips, try to place spot orders at a low price. I personally do not recommend laying out contracts. The passage of the news of the Big Pie spot ETF also indicates that traditional and professional institutions have entered the market!

Potential coin analysis:

LPT, current price 7.4

1. A currency mainly mentioned in the messari research report, the concept of depin.

2. Grayscale trust product. With the approval of this ETF, Grayscale will benefit greatly. It is not ruled out that the market will speculate on Grayscale-related coins in the future.

3. There are signs of fund accumulation at the bottom.

LQTY is a very good coin, the most stable decentralized stablecoin. It only accepts ETH deposits and lends its decentralized stablecoin LUSD.

$LQTY is the governance token of the platform and the beneficiary of the ETH deposit and borrowing fees

The token is currently close to full circulation and the market value is low. It may increase fivefold in a bull market, but it will take time. You can pay attention to it when it falls.

Current price: 1.4-1.2 in batches

This is also strongly related to ETH, and it is different from the L2 and LSD tracks. It is a good thing that fewer people pay attention to it. If there are too many people paying attention to it, you will have no chance to get on board!

Analysis of mainstream coins:

ETH: Ethereum is currently experiencing a rapid rise due to favorable factors, driving the overall rise of Ethereum sector currencies. In the short term, the market is expected to continue for some time.

XRP: Ripple also rose today. Ripple’s correction and consolidation has lasted for a long time. I feel that this wave of positive news will lead to a big rise.

DOT: Polkadot is currently experiencing a sharp rise due to favorable stimuli, and the short-term market trend is strong.

BSV: SV is still fluctuating and it is estimated that it will have to wait for the Bitcoin market to start rising.

AR: AR rose rapidly due to favorable factors, and the market trend was strong.

UNI: UNI has risen strongly, mainly driven by market trends, and this trend is expected to continue.

OP: OP is mainly linked to Ethereum. The current upward trend continues to be bullish.

Summarize:

Today is also a historic milestone for Bitcoin. The approval of the Bitcoin spot ETF in the United States symbolizes that Bitcoin has gradually entered the eyes of people all over the world. It also marks the world's recognition of Bitcoin, which is of commemorative significance.

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.

The new year has begun, and we are creating a high-quality circle, which mainly explains various basic industry knowledge of the currency circle, the rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and so on. If you are interested, you can contact me.