From a technical perspective, many people are still cautious with #Bitcoin❗ , this caution is correct because it has not broken the trend.
However, if we look at it from a financial perspective, we can be much more confident. Any decline during this period is an opportunity for people to hunt for bargains.
- The Fed cut interest rates, and the US retail group is currently ready to enter the market, the buying power from this group is expected to be very strong. As emphasized before, ETF users are retail users, and retail users are always afraid of running out of coins when the price increases.
- If we look at onchain activities, Ethereum has had positive changes.
Many people are still skeptical that the onchain indicators of #Ethereum(ETH) are too early, if you are skeptical, look at the performance of altcoins and other chains, which are also increasing significantly.
- If you look at the amount of stablecoins printed, it is still on a steady upward sloping chart. This shows that the trend of injecting liquidity into the crypto market is still going up, the important thing is when it explodes.
