In fact, this is how the market works. Except for the big bear market cycle, there is a period of fluctuation when the bear-bull market turns to the bull market cycle. But don't be discouraged, there are many market opportunities, and the market can take off again at any time. Since you have chosen to mix in the cryptocurrency circle, you can lose anything but your mentality. Persist in survival, and you will win.
As the German government's sell-off has come to an end, the price of BTC has stabilized a lot, and even the turnover on the chain has dropped significantly. Investor sentiment has become more and more stable. Although yesterday's PPI was not very good, it did not seem to affect the market's expectations for a rate cut in September. However, there will be a core PCE data and a non-agricultural data before the interest rate meeting at the end of the month. In comparison, these two data will have a greater impact on the Federal Reserve.
The German government wallet address shows that there are no more bitcoins. In one month, Germany has sold all of its more than 40,000 bitcoins. Currently, the only negative factors in the market are Grayscale and Mentougou. Other institutions and whales are buying. It is expected that the adjustment will take two or three weeks.
Judging from the Fed's dot plot, the median is between 4.5 and 4.75, and the current interest rate is between 5 and 5.25, which means there will be two opportunities for interest rate cuts this year. Even if the U.S. inflation data is slightly higher, there will be at least one interest rate cut. The first interest rate cut is likely to occur in September or after September. If the short-term pie can recover 60,000, this round of correction will come to an end.
The reasons for this rebound are as follows:
1. With CPI inflation slowing, macro market sentiment is positive. The market currently expects a 95% chance of a rate cut in September
2. The German government sold off 50,000 BTC in 24 days
3. Spot ETFs are in strong demand, with a net inflow of about $1 billion this week. While retail investor sentiment is in a state of panic, large hedge funds have been actively increasing their BTC upside exposure, especially December and March call options, targeting a price level of $100,000-120,000
4. Spot Ethereum ETF is expected to be approved for listing next week
Currently in the market, many traditional funds are still on the sidelines, and new funds lack the motivation to enter the market.
However, Wall Street ETFs and cryptocurrency giants have already been quietly making plans. As a retail investor, if you want to make money, you must follow the pace of big funds.
Bottom-fishing requires a good rhythm. Don't chase when the price goes up, and slowly bottom-fish after it falls.
Don’t always think about buying at the bottom. No one can do that, not even the big guys.
Before each bull market begins, there is a long period of torture during which the leeks are almost completely ripped off. When the market suddenly takes off, the leeks rush into the market again at high prices and are ripped off again at high levels.
This is the fate of leeks in this circle.
If you really want to change, then follow me and let’s dance to the rhythm of big money together!
