01

Cryptocurrency News Interpretation

Asset management giant BlackRock has a record of 575:1 approval of its ETF by the U.S. Securities and Exchange Commission (SEC). Historically, the SEC has approved 575 ETFs launched by BlackRock, with only one rejection in October 2014. BlackRock submitted a spot bitcoin ETF application to the SEC on June 16.

Will the SEC reject the Bitcoin spot ETF this time?

BlackRock may get the US SEC to approve the spot Bitcoin ETF through a regulatory sharing agreement. In order to mitigate the impact of market manipulation, it will introduce a surveillance sharing agreement between Nasdaq and the operator of the BTC spot trading platform. The surveillance sharing agreement allows the sharing of information about market trading activities, clearing activities and customer identities, making market manipulation unlikely.

Musk denies owning a Dogecoin wallet after Dogecoin investors filed a class-action lawsuit against Musk in Manhattan federal court, accusing him of running a pump-and-dump scheme and cashing out $95 million worth of Dogecoin.

If BlackRock's Bitcoin spot ETF is approved, "the first publicly traded spot Bitcoin ETF will be traded on the Nasdaq Stock Market", and BTC will officially enter the US stock market, a reservoir of funds.

Large institutions are seeking to enter the market to "take over" at this time. Their analysis and judgment capabilities are much stronger than yours and mine, which indirectly shows that it is correct to cross the bull and bear markets.

BlackRock's asset management scale exceeded US$10 trillion in 2021. The rest of the time, the world's largest asset management institution will "trick its clients into buying spot commodities."

02

Cryptocurrency Trading Tips

Mental training

In the investment market, success rate is always a topic that cannot be ignored, especially in contract trading. For example, if you win 7 out of 10 bets, but lose 3 times more than you win 7 times, you have a 70% success rate. But what is the use of such a high success rate? Sometimes, even if 5 out of 10 trades are wrong, but you stop loss and take profit reasonably, the result is profitable. Which one do you want?

Therefore, the success rate is a false proposition. The charm of contract trading is to make a small investment for a big return. With a stop loss of four or five hundred points, you can get a profit of three or four hundred points. It is a joke to want to make money in the trading market with this success rate.

The more you pursue success rate, the more you lose profit rate, and the more you pursue profit rate, the lower your success rate. The profit of gambling in the market is not the number of times you are right, but how to increase the stakes when you are right and make the right run, and how to stop the error from spreading when you are wrong. The financial market is never about old people making money from newcomers, but about wise people making money from fools!

03

Cryptocurrency market analysis

The weekend's shock and rise did not trigger bullish follow-up. Prices have returned to a low point again. The market is a test for new and old traders. Don't lose your chips in the chaos.

Thirty-minute trend, last week it was mentioned that a breakout of 26800 is expected to continue to rebound. Although it was pierced, it continued to consolidate, raising questions about whether it was an effective breakthrough.

A daily reversal is possible only if 26800 is broken. The current price is near the support of 26440, and the next support is 25350.

In terms of operation, continue to treat it as a shock, and mainly pull back during the day to buy.