The current fundamentals of the market, four events need attention: 🎁
1. Macroeconomic situation: The United States will enter the harvest period of the US dollar. Interest rate cuts and low-priced US dollars are major strategic policies. Although it is now affected by inflation, this action must be taken! It is foreseeable.
2. US presidential election: US stocks cannot fall, and Bitcoin cannot fall. Now it is just a technical correction. It is also the established policy of the United States to dominate the cryptocurrency market, which cannot be shaken. In particular, Hong Kong has also established its own ETF to inject vitality into the market, which will also promote the layout of the old Americans. Therefore, the big bull is irreversible.
3. The passage of ETF: The ETF hype has come to an end. It remains to be seen how large the ETF can be in the future. According to the marginal theory, its benefits will be weakened, and the promotion of the currency price will also be weakened. Now Wall Street's ETFs are still net inflows, and ETFs will become the most critical and important dominant force to dominate the future trend of the big pie.
4. The halving is beneficial to promote the bull market: halving is a change in the supply side of chips. Reducing supply is definitely beneficial to the market, but halving is still increasing rather than cutting off supply, and its impact will be weakened. According to historical trajectories, the bull and bear of Bitcoin has always been determined by the halving cycle. Although it is not the only determining force this year, its influence is definitely still there!
