If there is no news from Mentougou, the market will still be bullish. 🎁
There are currently three major positive factors:
(1) Powell’s speech last night gave a boost to interest rate cuts, saying that he would not wait until inflation drops to 2% before cutting interest rates, which is a major positive.
(2) Trump is expected to attend the Bitcoin conference on July 22 (next Monday) to give a speech.
The president of the world’s most powerful country supports BTC, which is terrifying.
(3) Ethereum ETF may be launched on July 23 (next Tuesday)
The market rebounded for 3 days and there will always be a correction.
Because the news from Mentougou came, it was not only bad for BTC, but also for BCH.
WLD has a large daily selling pressure,
$7 million per day, $50 million in 7 days. Note: Don’t buy BCH and WLD spot!
The market is bullish in the long run, but beware of Mentougou continuing to make trouble.
Of the 140,000 BTC, only a few thousand have been transferred so far.
This is the norm in investment. There are rarely smooth sailing markets.
There are all kinds of reefs and storms in the middle.
We must control our positions and think long-term.
