The second half of the bull market: Crazy evolution, is the market going to be pulled up soon?
I am still bullish on the general direction of this week. It is expected to be a volatile week, affected by the Mentougou incident and the Ethereum spot ETF. But as I said last week, the two will form a subtle hedge, and overall, the positives outweigh the negatives. There are many victims of Mentougou, so there are also many "sellers", and their ideas are naturally different. Some sellers will choose to ship immediately, while others will take advantage of the ETF's momentum, or choose to continue holding because they are optimistic about the future trend.
The September interest rate cut has become the mainstream view of the market. If the data is negative, both US stocks and BTC may be hit. But judging from the current data, the September interest rate cut seems to be a foregone conclusion.
Musk is out to make trouble again. His X avatar suddenly changed to a laser eye, which is a very sensitive signal in the crypto circle. Because around 2021, in the hope that Bitcoin would reach $100,000, some bigwigs in the crypto circle changed to laser eyes, and then this laser eye has been circulated to this day. The point is that Musk's laser eyes are made, so this meme has risen 50 times overnight, and its current market value is close to 50 million US dollars.
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There are two buying opportunities worth your attention recently:
The first is the callback buying opportunity brought by the callback wave. I personally estimate that the callback should not be lower than 6.3w, because there has been an increase in trading volume here, and there has also been a 4-5 day sideways turnover. So there is a high probability that there will be support here.
The second is to wait for BTC to break through 7.2w before buying. Especially if it first pulls back and then breaks through, it will be a more ideal buying opportunity.
