Tens of thousands of BTC are waiting to be smashed, and the Fed is about to cut interest rates. Should we be bearish or bullish?
Bearish factors:
(1) The US stock market has peaked, and the over-the-counter cash level of US stock investors has hit a record low. Insufficient firepower, start a battle royale, and bring BTC down.
(2) There are still 90,000 BTC in Mentougou that have not been distributed. The selling pressure may continue until October, and the next two months will be full of pressure.
Bullish factors:
(1) The Fed may cut interest rates in September, and then further cut interest rates in November and December.
After the massive money injection, the market has money, which may push BTC to a new high.
(2) The US presidential candidate supports BTC.
The wealth effect of the currency circle has been much worse recently.
Most of the market is garbage time.
If BTC falls to 64,000 again, many altcoins will continue to fall.
Now is not the best time to take action.
The 50% position remains unchanged, and continue to wait patiently.
ETH's ETF will not soar immediately after it is approved. Some previous speculators need to be washed out.
ETH's return to $4,000 is a certain event.
It is just a matter of time, possibly after the 1-2 rate cuts.
ETF approval is conducive to large capital inflows, and only 1/3 of the funds flowing into the BTC ETF are enough.
