Does the turnaround in July give everyone an opportunity to enter the market? The market of September and October should be seized!
"May is poor, June is desperate, and July is turning around", this old saying is really interesting. The first half of July was very stressful, but the second half finally eased up. Bitcoin is about to reach a new high, and those altcoins are still lingering at the bottom. However, the good news is that the Ethereum ETF has been approved. Once the market digests this wave of selling pressure, altcoins may explode. The timing looks good.
The news is dominant, and the actual selling pressure is not that great. It is mostly caused by panic among retail investors. Retail investors, unlike government agencies, have no rules when selling, and they follow the market when emotions fluctuate. This selling pressure is difficult to unify and quantify, and people want to lock in profits when the price is high.
Speaking of August, macro data is very critical. Whether Bitcoin can have a golden September and October depends on these few months. The market is looking forward to the Fed's interest rate cut in September. Although the "Fed's trumpet" at the end of July said that there might not be a rate cut next week, the signal of a rate cut in September is getting stronger and stronger. Powell, the old man, is thinking about whether to act early or wait a little longer. The meeting next week is expected to have some clues.
According to historical experience, Bitcoin will stabilize in August and may have a small correction in September. But the positive factors such as the US interest rate cut and the election can help withstand the pressure of unlocking in August.
Let's make two assumptions: if the August data is good and the Fed really cuts interest rates in September, then September and October will be a sure thing; if the interest rate does not change, the market may panic when Mt.Gox sells the batch of coins in late August, but that is a good opportunity for us to get on board.
Cycles are a thing. Bitcoin is halved every four years, which is very regular. From August 6th to 12th, look forward to it. This may be the last tremor before the big rise.
August needs to be watched closely, and fluctuations are inevitable; Bitcoin will be a golden September and silver October, and it is possible to break 100,000. Once the CPI report is released, the market will move again. For trading, stay steady and don't panic, don't hold a full position, and wait for the opportunity to buy at the bottom. Be patient, good things are worth waiting for, frequent trading is not as good as a precise strike. "
At this stage, the market is basically to open a position in the Ethereum system every time it goes down! At present, ETH ETF is expected to be officially passed and start trading next week. The gains of several Ethereum systems that were bought at the bottom some time ago are still good, so there is no need to sell. Every time it goes down, it will be replenished. The avatar is simple and joins the team!
