This morning, the U.S. Securities and Exchange Commission (SEC) has successively delayed the decision on the proposed Ethereum futures ETF rule change by Grayscale and the application for a spot Bitcoin ETF by Hashdex. Despite this news, the market did not fall but instead rose! BTC touched the $38,000 mark, with an increase of 4.15%; ETH also rose nearly 3.5%.
According to market feedback, the delay in the SEC's decision on the ETH application has become a norm. Although the news is negative, the market has already reacted to this expectation and did not experience the expected significant decline. Moreover, mainstream coins such as BTC and ETH have been strong recently, and the voices of investors "bullishly returning" have become increasingly strong, with the market's strong optimism unaffected by this event.
Although the market has seen unexpected trends, in the short term, the market responded promptly to the news. Upon the release of the news "SEC delays decision on Grayscale's proposed Ethereum futures ETF rule change," BTC rose by 2.91%, ETH by 1.21%, and the total market value of the crypto market increased by $15.5 billion. In such extreme market conditions, responding quickly to price fluctuations becomes crucial.
AICoin supports multiple platforms such as OKX, Binance, etc., for API authorization trading, and its PC version supports quick trading functions such as three-click trading, drawing line trading, and lightning trading, which can help you respond quickly to market fluctuations.
Preparation in advance:
- Download the AICoin APP/PC version and complete the authorization: https://www.aicoin.com/download
- Enable the alert function for flash news to receive timely updates.
- Keep the "Alert for Price Volatility" function enabled.
In addition, it is also important to use technical analysis to judge the impact of news and the persistence of fluctuations. In the short term, during this morning's BTC rally, the EMA24 moving average continued to run above the EMA52 moving average, maintaining a bullish signal in the short term. According to the 8-hour custom period data, the BTC price has crossed above the MA40, and under the influence of the news, the price has remained stable above the moving average, indicating a strong bullish signal.
The market is volatile, and investors need to continuously monitor the latest developments and adopt appropriate risk management strategies. AICoin provides one-stop services for hot topic tracking, market analysis, rapid trading, asset management, and value-added services, which can provide strong support for your investment decisions upon downloading.
AICoin official website: https://www.aicoin.com/
PC version download: https://www.aicoin.com/zh-CN/download
APP download: https://aicoin.app/download
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