ETH market trend analysis

On the evening of July 12th, next Friday, the ETH BlackRock ETF will be officially listed when the US stock market opens. The ETF is expected to be bullish, and Favourable Information is expected to be realized with a pullback. Next week, we will first see a Rebound and then a pullback.
After BTC drops below 53000, over 80% of Mining Rig will shut down. The probability of staying below this level in the long term is not high. There may be a second Long Wick Candle at 53000 to clear the long positions and then rebound.
3. In terms of market sentiment, buy when there is no one interested, sell when there is a lot of noise. After nearly 3 months of volatile decline, the market is currently in a state of extreme panic 29, the Jiu Shen index is 0.68, and the BTC rainbow chart all indicate that it is currently in the bottom range, with most retail investors' assets shrinking by more than 50%.
4. Most altcoin contracts have negative rates, severely oversold, many people are shorting and cutting loss at the bottom, and completely dare not catch the bottom altcoin, leading to a big pump in some altcoins, hold steady, ETH rebound will drive altcoins to recover.
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