The Bitcoin Conference is about to be held!
Before the conference, the market rose sharply for two consecutive weeks. As the conference approached, the market fell into volatility. The curse of "falling at every conference" still exists, but this is not a big problem. The trend of interest rate cuts is coming soon. When others are still expecting a surge in the Bitcoin conference, you should look at the longer-term benefits. Investing sometimes means looking a few steps ahead of others.
The current correction and consolidation should not be too large. After all, the extreme fear has already occurred half a month ago. In the bull market cycle, there are not many "extreme fears". One in September 2023 and one in early July 2024.
In 2023, the currency circle slowly recovered from the recession. Many people still retain the bear market thinking, collectively in the end of 2019. Look at the long-term and don't stare at it. For short-term operations, a new round of bull market cycle has begun.
In 2024, Bitcoin will be halved and Bitcoin spot ETF will be passed. But sometimes people worry about the recurrence of 312, sometimes they worry about the Fed not cutting interest rates, sometimes they worry about Germany selling coins, and sometimes they worry about Mentougou selling coins. But institutions such as BlackRock have been buying, and the Fed's interest rate cut will come sooner or later. Trump is publicly supporting the crypto market.
The future market will be driven by the US presidential election, the growth of Bitcoin institutional holdings, and the trend of interest rate cuts. In terms of market conditions, if Bitcoin cannot instantly break through the strong resistance near the top of 71,500, it will adjust in a volatile manner. At present, the 4-hour level is undergoing a box adjustment. After the adjustment is over, there will be an instant rise in the market trend. At this position and this cycle, contracts should pay special attention.
In addition to meme, there are some RWA-related tracks that need to be paid attention to. In addition, the Bitcoin ecosystem is also worth paying attention to. I believe that the Bitcoin ecosystem will have a large wave of market conditions.
