Recently, the cryptocurrency market seems to be facing challenges. The price of Bitcoin is expected to fall to about RMB 56,000, while the stronger support level is expected to be around RMB 52,000.

According to historical rules, the halving event in 2024 should drive the market to gradually climb, but this time it has become unusual due to the continuous emergence of unexpected events. For example, a sell-off of tens of billions in "Mentougou" shocked the market.

This amount is equivalent to half of the ETF fund inflows, and the market performance this time is different from the past. Before the halving, the market rose due to the increase in ETF trading volume, but after the halving, despite the continuous negative news, the price still fell.

I think the real growth of the cryptocurrency market may start in the autumn and winter, which is consistent with the "Halloween effect". It is currently in the traditional market off-season, which is the experience of the US stock market for hundreds of years. For readers who do not understand these terms, it is recommended to understand them through search engines. Investors are reminded to do a good job of risk control and wait patiently for market changes. #美国首次申领失业救济人数超出预期 #非农就业数据即将公布 #以太坊ETF批准预期 #IntroToCopytrading #VanEck提交首个SolanaETF $BTC $ETH