Good morning, brothers. BTC’s epic negative news, Mentougou, finally broke out yesterday.

As usual, yesterday people shouted that the market had collapsed. Today, many groups started to shout that the bull market would return quickly. Some people shouted that the bull market would return, but ended up being trapped after opening a long contract. What do you think of the current market?

Let me tell you about the current judgment

▍(1) Mentougou’s compensation has not yet ended: There will be related news releases later, which will trigger another wave of panic selling. Don’t open long contracts aggressively at present. I said in the group last night that it will take 90 days for all exchanges to complete the compensation, which is mid-October.

Against this background, a small-scale rebound is possible, but a large-scale rebound is impossible. It is difficult to break through $60,000.

▍(2) A large number of funds have begun to buy the bottom of the tray:

Stablecoins in the exchange have rebounded, and ETF funds began to buy the bottom on a large scale yesterday.

▍(3) What will happen in the future? We are currently on the eve of the Fed’s rate cut. After the Mentougou incident is resolved, the global macro policy will be released in 2025, and a new bull market will start. As long as there is no contract liquidation, the rise may take only a week or so. Be patient and endure it, and the road ahead will be smooth.

▍ (4) Don’t be too optimistic or pessimistic now:

Now is the time to hold on patiently. When the market drops by more than 10%, you can buy the bottom in batches. Don’t sell at the bottom. Hold on and wait for a while, and there will be a turnaround.

What are the turnarounds? For example, the latest news from Mentougou says that more than a certain number of BTC have not been claimed, for example, the Fed will cut interest rates in September, etc., for example, a project you bought has good news.

The day after tomorrow is beautiful, but don’t fall tomorrow, and don’t sell at the floor.

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