The ETH ETF did not bring about a significant pump in the market fluctuation, which was very disappointing for many longs. However, as investors, we need to accept everything that happens and not be overly emotional. We should carefully examine the market trends. In fact, this is a long-term favourable information for the crypto world, at least increasing the exposure of the crypto world. From the current situation, Market Makers seem to be trying to attract more long chips. Although there was no net inflow of BTC ETF in the US stock market, the ETH ETF in the US stock market yesterday showed a net outflow of $150 million, indicating that there was selling pressure in the early stages of trading.

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The news is the tool that Whales and institutions use to suppress or pump. On July 13th, Trump was shot, and BTC broke through $68,000. Then the data of Mt.Gox BTC compensation kept appearing, causing BTC to fall to a minimum of $63,750 today. People are most worried about when the creditors will start selling BTC. Moreover, Harris will run for US president. Many 'experts' believe that Trump has lost a strong opponent. Harris, this new opponent, may not have an advantage over Trump, especially since the current US Vice President Harris will not attend the BTC 2024 conference. The encryption market in 2024 seems to be politically labeled again and has been hijacked by US elections. Therefore, Whales and institutions have successfully dumped again by using these sensitive news. Another major event is that on Friday local time, the US will release the Consumer Expenditure Price Index (PCE) for June. With the recent fluctuations in the US stock market, this will attract more attention from the outside world.
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There is a saying in the market that every meeting must result in a decline, but can this phenomenon be broken? This time, Comrade Chuan Jianguo clearly brought Favourable Information to the crypto world, but the market instead experienced a short-term adjustment. This small adjustment may only scare away newbies, while seasoned traders will see it as a good opportunity to increase their positions. The current crypto world is an extremely sensitive stage, like a spring that is constantly being compressed and de-bubbled. The tighter it is stretched, the clearer the direction will be once it appears, which will definitely lead to a major market trend. Therefore, endure loneliness, stay firm in direction, and regardless of the diverse opinions in the news, we must have our own goals. Otherwise, changing our strategy arbitrarily is likely to result in failure. The current macro environment is gradually maturing, and in the new landscape of the encryption market in 2024, the first step is to follow the changes in the news and make early ambushes to achieve financial freedom!