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For the expectations of the trend within the year,

First, we need to see whether the US economy will enter a recession in July and August, and whether a black swan will appear. If it does, it will help the interest rate cut, but after the recession, it is likely to be the golden pit that friends are looking forward to, that is, the last drop.

Of course, if there is no recession, no black swan appears, and it lasts until September, entering the pre-election state, then it is likely to be more stable, and then it will be the election cycle. This is explained in detail in "The Last Drop" and "The Last Drop Supplement", so I won't talk nonsense.

In fact, both of these states will continue to cause shocks. Although there will still be low liquidity, both the election and the interest rate cut will have a reaction to the market and the market at the end of the year.

Speaking human words

Election + interest rate cut + no recession = good news

Recession + election + interest rate cut = trough market