Alas, the cryptocurrency market is going to be difficult this time. Conservative estimates suggest that it will fall to around 56,000, with strong support at 52,000.

The consensus is that the halving in 2024 should have been going up all the way, as was the case in previous times. But now all kinds of accidents happen frequently, and the 10 billion Mentougou selling pressure has scared the market.

Indeed, 10 billion is equal to half of the ETF inflow. This round of market conditions is very bad, and many things are different from the previous ones. For example, before the halving, it was because the ETF broke through the previous high, and after the halving, various negative factors hit, but it is still falling.

I expect the real increase in the cryptocurrency market will start in the fall and winter, following the Halloween effect, and now is the summer off-season. This is the experience of the US stock market for a hundred years. If you don’t know these two terms, you can go and search.

Do a good job of risk control and fight the dog dealer to the end!