#美国6月CPI大幅降温

Only the invisible hand behind the market knows whether it is suitable to buy at the bottom!

In the blink of an eye, the second half of the year has begun. What everyone is most concerned about is whether the crypto market will rise or fall? Whether the golden time for buying at the bottom has arrived, I am afraid only the invisible hand in the market knows.

Every time the crypto market pulls back, the long and short sides are arguing fiercely. When the noise is loud, our judgment is easily biased. But this time is different. Bitcoin and those altcoins are worse than each other. Bitcoin has fallen by 30%, and the altcoins have been directly beaten back to their original form. In the market, both the long and short sides have their own reasons.

Let's first see what the bulls say:

Matrixport said that the US SEC may give the green light to the Ethereum ETF this week, and ETH is likely to turn over. Jack Dorsey, the boss of Block, has great ambitions. He said that BTC will replace the US dollar in the future, and one million US dollars is not a dream. Blockstream's CEO cited historical data, saying that a 30% drop in a bull market is common, and now is a good time to buy the bottom.

Fundstrat's boss predicted that once the Mt.Gox incident is resolved, BTC will rise to 150,000. GSR's Lianchuang is also optimistic, saying that BTC will reach a new high before the end of the year, and the Mt.Gox compensation is just a minor episode in the third quarter. The founder of CryptoQuant revealed that there are still many institutional funds waiting to enter the market, and once ETFs come, new money will be more reliable.

Let's take a look at the short side:

Gold tycoon Peter Schiff is bearish, saying that the BTC bear market is not over, and ETH may fall to 1,500. Andrew Kang reminded that more than 90% of altcoins have reached their peak, so don't rush to buy the bottom, as it is easy to get trapped. eToro's analysts said that if the market wants to turn around, there must be decent good news. Axel Adler Jr is worried that the profits on the Bitcoin chain have not yet been realized, and there may be a market crash. The data of Ali charts is more intuitive. Funds are flowing out, from more than 110 billion to 20 billion.

In general, optimists still have the upper hand in the market.

#牛市到来 #币安7周年

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