#ETHETFS #ETH #BTC $ETH $BTC
Hey guys,

The correction scenario I talked about at the beginning of the week is working out, bitcoin went down -10% and reached the price of 58k.

I want to share my thoughts on what the cryptocurrency market will be waiting for in the coming months, in more detail.

Seasonal factor.

Bitcoin

The months of July and August are statistically weak for bitcoin, and while July closed 60% better than the opening, August and September are the weakest months of the year, with a 30% chance of closing better than the beginning of the month. October begins a strong period, with October triggering a pre-New Year's rally.

Ethereum.

For ethereum, the summer period is just as weak, but it is stronger compared to bitcoin. In addition, etherium has a trump card in the form of the launch of spot ETFs trading, which is expected in July and this could push the price to a new high.

Will altcoins follow suit? I think yes, not all, but many. At the beginning of the year after the launch of bitcoin spot ETFs trading, altcoins rose, but it is the etherium spot ETFs that can give a significant rise, the so-called Xs.

Now many altcoins have corrected 60-70% from their 24 year highs. And now is a pretty good time to add positions.

We also add the monetary and credit impact on the whole market.

In July, macro data on the labor market and inflation in the U.S. will be released, which will most likely lead to the first cut in the benchmark interest rate in September.

If you make a crypto calendar for the year 24, here it is.

July-August - ETH ETFs trading launch, rate cut frontrun - growth. ETH and altcoins rise, bitcoin is sideways

September - correction on the fact of the rate cut (sell the facts).

October-November-December Christmas rally - growth.

It is worth remembering that this is just one of the options, and you should always act on the facts. But it is necessary to have a plan of action for different options. DYOR.

Stay tuned.