The world is bustling, all for profit; the world is often moving, all for profit! Hello everyone, I am your friend Lao Cui Shuobi, focusing on the analysis of cryptocurrency market trends, striving to deliver the most valuable market information to the majority of coin friends. Welcome the attention and likes of the majority of coin friends, and refuse any market smokescreens!

The market is once again on the rise, creating miracles every day. Many friends have been asking why Lao Cui has been consistently warning about the arrival of the bear market near the end of last year, and it can be said that he was very firm in his bearish view. However, after that, his view completely changed. In fact, this view goes back to the issue of the spot trading of Bitcoin. The previous growth, for us, cannot predict what happened to cause the price of the coin to rise all the way. It was only after the news of the imminent approval before the New Year that the reason for the rise was confirmed.

Many people may wonder what it means for Bitcoin ETF to be listed in the United States, and many people are puzzled about why they did not see Bitcoin securities trading on the exchange. Today, Lao Cui is here to popularize it for everyone. The Chinese meaning of Bitcoin ETF is Exchange-Traded Fund. This thing is different from a company going public; it belongs to the index fund category and is not in the form of securities. In plain terms, it is just a fund, not a formal trading listing. What does this mean? For traders, it is just an additional trading option. In the past, we invested in Bitcoin through the trading platform USDT, and after this legislation, everyone can use a stock account to trade, and at the same time, they do not need to directly purchase and hold these digital products.

Speaking of this, I believe friends with stock trading experience have already understood some of the underlying logic. In simple terms, stock traders can directly enter the purchase, and the security of the account is guaranteed by the US exchange. The indirect result is that traditional financial capital can seamlessly connect to the coin market. This is also why in just a few months, the price of the coin can rise rapidly. This move has attracted traditional giants and increased the entry of retail investors. The only risk is that after the approval, the US Securities and Exchange Commission once again stated that it approves trading but does not recognize the coin market. This statement is very thought-provoking, giving a feeling of profiting and then shirking responsibility, or suspicion of evading responsibility.

Also, after this legislation, everyone can intuitively feel the terrifying power of traditional capital. Behind the influx of a large number of users, it will definitely bring a large amount of capital. The most transparent inflow of assets is the intervention of Musk, Grayscale, Facebook, and other funds. It can be said that this decision is a watershed for the coin market, from the previous obscurity and hype within the circle, to the current intervention of traditional capital. No one dares to manipulate the market heavily, as any slight mistake will lead to a complete loss. Especially in a one-sided market, it is important to understand that the manipulators will not put themselves in a dangerous situation. Do not look at the coin market with the perspective before it went public.

Growth is the general trend, and the sluggishness of other markets has created the current rapid growth of the coin market. Everyone needs to reselect the track, and undoubtedly, the coin market has given everyone such an opportunity. The anticipated waterfall may not come so easily. The establishment of new highs, the basic depth of the pullback is between 100-150 points, users holding short positions should try to abandon them. It is best to focus on long positions to follow the general trend. For the later period, the listing of Ethereum ETF is already on the agenda, and the choices in the coin market will become more and more, and the volume will also become larger. A one-sided downward market requires a certain amount of courage to form. Spot users have basically entered the market at 2200 and can hold for the long term. The stability at the 3000 level will definitely bring back the brilliance of Ethereum, and the current stability at the 3300 level looks good. It won't take long to see if it can break through 3500. Breaking through 3500, reaching 4K will not be a problem. Let's wait for the good news. For the coin market, 2024 will definitely be a brilliant year, at least before the listing of Ethereum, there will not be a significant deviation!

Lao Cui's message: Investment is like playing chess. Masters can see five steps, seven steps, or even a dozen steps ahead, while those with lower skills can only see two or three steps. The high-level players consider the overall situation, plan for the general trend, and do not focus on each individual move, but aim to win the game in the end. The lower-level players fight for every inch, frequently switching between long and short positions, only fighting for short-term gains, and frequently end up in trouble.

This material is for learning and reference only and does not constitute investment advice. Buying and selling based on this material is at your own risk!

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