Bad news is like a storm, where will July go?
Since hitting the high point on May 20, it has been declining all the way, without end!
The reason behind this, I think, is that the bad news in the market is raging like a flood!
Mentougou compensation, miners' crazy selling, German government selling, Grayscale Foundation selling in batches... These news are like dark clouds, making the market breathless.
Every sale is like dropping a bomb on the market, triggering panic selling by retail investors, causing the market to fall continuously, as if entering an endless dark tunnel.
Those once glorious altcoins have not been spared. Meme coins, inscriptions and other former star sectors are now eclipsed and gradually faded out of people's sight.
As time goes by, people's hearts become more and more erratic, and a little bit of bad news will be infinitely magnified.
There will definitely be more money-making effects in the second half of the year! The market always lets most people experience the baptism of fear first. When you are deeply trapped in it and can't extricate yourself, the next wave of trends has quietly started!
Yesterday, Powell dodged the question of whether the Fed would start cutting rates in September, sticking to his consistent two-way risk view.
Cutting rates too early could reignite inflationary pressures, while if they are cut too late, the Fed could cause unnecessary damage to the economy.
The hype about rate cuts often precedes the first real rate cut by 2-3 months.
There are also heavy news such as Friday's non-farm data and the CPI on the 11th waiting to be announced. If the July data is positive, interest rates may be cut in September, and a wave of local good market conditions can still be expected in July and August. On the contrary, the expectation of a good market will continue to be postponed for 2-3 months.
In addition, the postponement of the Ethereum ETF may be a good sign! It may be accumulating power in the shock and preparing to explode.
There are three possible situations:
One is that it will break the previous high like a pancake after passing
The second is that it will rise but not break the previous high
The third is that it will fall after a slight rise. In either case, we should remain calm and rational.
If you have been chasing the rise and fall, often being trapped, and have no latest news in the cryptocurrency circle, and have no direction, please click on the avatar to follow me, for more information on the homepage, bull market strategy, escape skills, and logic for screening potential coins,
