Late at night, two pieces of news detonated the market, one is that the SEC said that the ETF passed, and the other is that the chairman of the SEC said that the SEC's official push was hacked, and the ETF still did not pass. It took 15 minutes (5:11-5:26) from passing to not passing, and the Fluctuation of the market was relatively amazing, although the currency price did not move much, but for contract investors, many people's positions were therefore gone.

Thinking from another point of view, this fake news can be regarded as a stress test, before the chairman of the SEC refuted the rumor (the time to refute the rumor is 5:26), that is, from 5:15, the market has begun to fall sharply, which is the market's real expectation for the future ETF pass, so from this oolong news can be concluded that even if the ETF passes in the future, the price of Bitcoin will not have great fluctuations, and there may even be a possibility of Favourable Information becoming unfavourable information, so the expectation is over, everyone is well, the strength of the market will gradually weaken because of this oolong incident, everyone should manage expectations, Risks have begun to gather, the biggest short-term favourable information has been falsified by the market, this fake news can be described as a fake show, becoming an important signal in the short term!

On the other hand, Ethereum is very strong during the fall of Bitcoin, and it is likely to be stronger than the Big Pie for a period of time in the future, and funds begin to make up for the varieties with smaller gains.

The above are some thoughts for the first time after seeing the news, I hope it will be helpful to everyone.

It's hard to imagine whether it is Bitcoin or SEC that is manipulating the market?