The market has started to pick up, and everyone can see the rise in the market!
In terms of various news, everyone is optimistic about the future market. Dabai also expressed his views last week that the rise will be the next trend!
The German government's sell-off is over, and the next stage will be a bull market!
The SEC also ended multiple reviews and the German government cleared positions, and the market made a comeback.
I believe everyone can see this rise.
1. Macro sentiment is positive, inflation is slowing, and the market currently expects a 95% chance of a rate cut in September.
2. The German government has completed the sale of 50,000 BTC.
3. Spot ETF demand is strong, with a net inflow of about $1 billion this week.
We use the MVRV deep support area of the pie holder in the figure below. This area has successfully conducted 13 bullish retests from 2013 to the end of 2023, with only 2 failures in history. This is the 16th retest.
The promotion of the bull market in the second half of this year is nothing more than two aspects, funds and market flow news.
The funds will have a large amount of funds flowing into the ETH ETF from the beginning of trading, and there will be funds flowing in after the interest rate cut.
You can also see the market flow news. The Trump incident has been fermenting and affecting the crypto market!
The king of traffic promotes the rise of the market!
And Trump's next traffic news is that he has confirmed that he will attend the Bitcoin Consensus Conference in 2024, and it is expected that many favorable policies will be continuously released!
With the inflow of funds, the violent bull market is not far away!
The bull market trend is still there, and this wave of callback is estimated to be nearing its end. Wait for the clouds to clear and see the moon, and wait for the flowers to bloom.
The big bull market faith recharge base will always recharge everyone's faith!
Various institutional whales have begun to hoard Bitcoin in large quantities, and the future trend is bright!
