Yesterday, Grayscale's GBTC had a net outflow of only $66.9 million. According to the data currently released, Bitwise's BITB had a net inflow of $23.2 million yesterday, BlackRock's IBIT had a net inflow of $37.7 million, Franklin Templeton's EZBC had a net inflow of $1.9 million, and the relevant data for Fidelity's FBTC has not yet been released.
The U.S. Securities and Exchange Commission (SEC) has asked the public to comment on BlackRock’s revised Ethereum spot exchange-traded fund (ETF) proposal.
ETH's ETF has been active recently, and it is only a matter of time before it is approved. Once approved, ETH will usher in a rebound, which is why Sun bought ETH at a high price.
Bitcoin bull trend is healthy
Two consecutive relays, breaking through the first relay and stepping back to the support pressure below, exchange positions, and encounter horizontal pressure above the small cycle, but the overall low point is constantly rising, and it is still judged that the bulls are strong.
The bullish trend is still healthy. Previously, there were multiple bullish entry opportunities, and now they should all be in the floating profit stage.
As long as the price does not break below the key level, we should maintain a bullish attitude and redefine and review it after it breaks below.
If the price continues to strengthen and breaks through the upper pressure, where should the target be?
From the 4H cycle, we can see the high-level shock range. We can draw the chip distribution of the market and see that the overall chip distribution is relatively uniform. However, the chip volume begins to shrink rapidly around 71,000. We can temporarily define the potential pressure here. At the same time, the pressure line coincides with the previous horizontal pressure . Therefore, if the price continues to strengthen, the next important resistance is around 71,000.
Today, we will focus on one sector: RWA
Today, HBAR, a coin with a market value of more than 3 billion US dollars, has doubled to 6 billion, and its market value has immediately ranked in the top 20. Today, the project announced a partnership with BlackRock, and will start to work on RWA later. This will be a super track, and the imagination is not much worse than AI in the crypto.
There are other RWA projects now, which are more promising.
ONDO, a clear brand that cooperates with BlackRock, is currently the leader in the RWA track. No token unlocking within a year (BlackRock + RWA leading effect, there has always been a position, and it continues to look at 2-5 US dollars)
RIO is a compliant RWA project approved by the US SEC. It has transferred coins to BlackRock wallet (approved by SEC, CB participated in the investment, and fully circulated)
prcl , RWA project + real estate on sol, this round of sol is very strong (sol + RWA superposition, new currency effect. Team coins will not be unlocked in the short term)
Bull market to get rich
1 Although the bull market is generally rising, the speculation is still centered on the sector. And if a coin surges, it will drive the speculation of its sector.
2. There are opportunities everywhere in a bull market, but if you are greedy and want to grab them everywhere, it will definitely not end well.
On the contrary, as long as you catch the main rising wave of a sector, it is enough for you to make a lot of money. If you are lucky, you can catch the main rising wave of the sector rotation and the second wave, and you will make unimaginable wealth.
3. Although it is very satisfying to cross margin in one sector, you may miss the entire bull market, which is not recommended due to the high risk. It is recommended to use the method of concentration + limited quantity. Focus on a few key points and secondary points. The overall control is on one number.
4. There are three types of speculation in the sector:
1) Deterministic major events, such as the Shanghai upgrade leading to the hype of LIDO and SSV, and the Arbitrum airdrop leading to the rise of its ecological projects
2) Sudden events. For example, the sudden popularity of chatgpt triggered the explosion of the AI sector. Similarly, the release of Sora also triggered a wave of increases. For example, in the second half of 2021, the popularity of the Metaverse triggered the craze of GameFi in the crypto.
3) After a certain coin explodes, it becomes the leader, causing the hotness of the projects in its sector
The hype of the sector is uncertain most of the time, which is why we have to wait for the wind to come in the bull market . Because the time of hype cannot be determined. Only the first major event is relatively certain. But its disadvantage is that due to its strong certainty, the increase you can participate in may not be very large. That is because there are always many people who will plan ahead. The most typical example is this year's Cancun upgrade, the increase of arb and OP lags behind other coins.
In the previous bull market, there were two strategies:
The first type: all assets are heavily invested in certain sectors
What you need to do is wait for the bull market to come. The advantage is that it is easy to operate, so it is suitable for most people and those who are busy with daily work. The disadvantage is: you need to hold on. Holding on is a test of human nature. Especially when you see coins everywhere that are making people rich, but your own is standing still.
I recommend 2 to 4 specific sectors. If you want to have one, that's fine, but it requires a lot of personal judgment. Too many sectors is risky and not recommended.
The second type: some positions are hidden, and some positions are added when the sector is hyped
The advantage is that you can advance or retreat, which is more flexible. But the disadvantage is that you need to be more sensitive to the market, spend more experience, and always focus on the market.
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Spot mainly
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