Navigating the Coming Lows and Opportunities

The current market sentiment is obviously pessimistic. Today's market rally has cleared some short positions, indicating that the highest risk period may arrive in September, when a second bottom may be reached. Media in the market are speculating that the price of Bitcoin may fall back to $50,000. If this scenario comes to fruition, it will be a good time to build positions for those investors who are under-positioned. At the same time, Bitcoin’s market share is expected to reach a high point by then.

As the U.S. dollar index continues to fall, the market appears to be reacting to an expected interest rate cut in September ahead of schedule. However, Bitcoin price remains below the 200-day moving average for three weeks, which may indicate that the recent rebound will suppress the price and trigger a second bottom. Although the market sentiment is poor, fundamentals are improving - this is reminiscent of the situation when Bitcoin was at $15,000 during the bear market, market sentiment was bad but fundamentals were improving.

Altcoins are also showing signs of bottoming out after Bitcoin, suggesting that major investors remain optimistic about where the market is headed rather than rushing to crash before the overall market falls. With stablecoin issuance also increasing, maintaining a solid position and waiting for the market to explode seems to be a prudent strategy. #美联储何时降息？ #比特币策略 $BTC $ETH $BNB