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In recent days, ETF has been continuously increasing in trade volumes, with BTC Spot ETF seeing a net inflow of approximately $380 million yesterday, marking a week of consecutive rises. If institutions did not learn about the interest rate cut in advance, then it is a violent control of the market trend countering bearish traders; even if there is indeed a rate cut, such a rapid rise deviates from the normal slow bull rhythm. The current market atmosphere is very similar to October and November of last year, where mainstream altcoins and MEME tokens rise more as fear increases. Short-term strategy: if there is another spike with a long wick candle, prioritize considering risk; the situation remains stable before the long wick candle occurs, and watch for downward opportunities from Sunday to Monday. In terms of altcoins, old coins, mainstream tokens, and old MEME tokens continue to strengthen, while many new coins remain stagnant. Today, WLD and Virtual are leading the AI zone, and MEME continues to advance; People, Pnut, and Usual continue to be held, with a focus on signs of Act starting.
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After the market's short-term long wick candle, it stabilizes again. For this kind of rhythm, it’s still the same saying: the space for a rise is too large, so a long wick candle at any time is relatively normal. After all, the force, extent, and speed of the pullback are slightly fast, and just the time correction has already shown some fatigue. Currently, it seems to have started to recover after a downward stabilization. I personally believe that the possibility of another pullback in the short term is not something that will happen in a short time. Considering the current market environment, although the short-term trend is unclear, comprehensively judging from the overall macro factors and the recent bearish market sentiment, the evening trading strategy remains focused on shorting at highs. However, given the high volatility and uncertainty of the market, it is recommended to closely monitor the breakthrough of key levels and flexibly adjust positions and stop-loss settings!