Today's assignment is a bit complicated. Although the price of ETH has exceeded $4000, I don't feel that the cryptocurrency community has entered FOMO. Moreover, even after the announcement of 401K entering the cryptocurrency industry, investors' FOMO sentiment has not been reflected. Although the price of BTC is gradually stabilizing, its purchasing power has not significantly increased. From the data of Bitcoin, there has been no increase in trading volume in the past 24 hours due to the positive impact of 401K, not only on the exchange, but also on IBIT. The overall purchasing power remains at a normal level. This is also consistent with what we have been saying, that the current rise in BTC prices is not due to an increase in purchasing power, but rather a significant correlation with a decrease in selling. However, unlike BTC, there has been a noticeable increase in ETH trading volume after the release of the 401K information. Not only has the ETH trading volume increased on the exchange, but the ETHA trading volume of spot ETFs has also increased. This situation is very different from BTC, and it feels that funds are now moving closer to ETH, especially traditional ETF funds, which are driving the increase in trading volume in the primary and secondary markets. The trend of the US stock market is also good today. The Nasdaq has once again broken through a new high, completely emerging from the shadow of last Friday's decline. Although the S&P did not reach a new high, it has risen by nearly 0.8%, and the gap with the historical high is already very small. According to this trend, it is not a problem to create a new high next week. For Bitcoin, which is highly correlated with the US stock market, it should not be too bad. From the current data of Bitcoin, there has been a slight increase in turnover rate, but it is still within a relatively normal range. Short term investors with holding costs exceeding $107000 are currently the main force in turnover. Although the position of $117000 does not feel stable and has fallen many times today, the accumulated BTC has reached nearly 640000, and it feels like they will soon have to make a choice in the direction. All other data is still good, and the current support has not changed. Investors in the two main support areas have reduced their holdings very little, and the stability of the two positions is also improving. Even though the sentiment was not good last week, it did not fall below $110000. If there is no systemic risk, the support should be very stable. It's already the weekend market now, and I'm still holding onto my long orders. Don't worry for now, let's wait and see the investor sentiment under the weekend liquidity. I don't feel too bad this weekend. This article is sponsored by Bitget | @ Bitgetzh