As for the trend, I am more optimistic about the market after mid-August, especially September. As the saying goes, September is the month of gold and October is the month of silver. Why do I say that?
1. Because the overall market has been adjusted for about four or five months, the price has basically fallen back from the highest point last year.
2. It is expected that there is a high probability of interest rate cuts in September, which is a potential expectation of interest rate cuts.
3. By then, Mtgox, including the coins held by the government, will be digested, so the impact will be smaller and smaller.
4. Grayscale's recent ETF outflow is relatively rapid, so the outflow will slow down after a while, and other ETHs will begin to inflow funds and start to exert their strength, especially Eth's ETF, which is very likely to have a strong upward trend, leading to a wave of explosion in the altcoin sector.
5. Hold the altcoin firmly and take a long-term view. When BTC and ETH rise to a certain height, funds will flow into the altcoin sector, and each round of bull market ends with a group of altcoins.
Do you agree with this logic?
