Let me share my personal opinion on the current market
Currently, Bitcoin is supported by the inflow of ETFs. There is no good news at all. There is still a long time before the interest rate cut. Wall Street cannot absorb funds at this position. It has been trading sideways at 67,500 in the past few days. In fact, since Bitcoin rose from 50,000 US dollars to 73,800, most people's cost price is at 67,500. Falling below this means that most people are trapped. This position has been guarded for several days. I think it is only a matter of time before it falls. I looked at the distribution of chips and compared it with the top of the last bull market. This position is like distributing chips. The big drop will soon come. There is no good support. The liquidity is very poor now. I believe many people can feel it.
Let's talk about the recent popular MEME
From inscriptions to runes, no one is taking inscriptions now, and runes are even worse. Then this round is sol's meme, which is not very good now. It's all pvp, and the market is already very bad. There is also ETH's ETF, which everyone is more concerned about. ETH's ETF will be passed sooner or later. This is my personal opinion, and I won't go into details here.
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