Market turmoil after the Mentougou incident

Yesterday, the Mentougou incident broke out, bringing an epic market shock.

Many people shouted yesterday that the market had collapsed, and they were entangled in whether to cut their losses. Today, many people shouted in the group that the bull market has returned, and some people followed the trend and opened long orders and were trapped. So how to judge the current market situation?

Current market judgment:

Mentougou compensation has not yet ended: The latest related news may trigger a new round of panic selling. It is not recommended to open long contracts aggressively at present. The compensation is expected to be completed by mid-October. A small-scale rebound is possible, but it is difficult to break through $60,000.

Funds began to bottom-fish trays: Stablecoins in exchanges rebounded, and ETF funds also began to bottom-fish on a large scale.

Future market outlook:

We are on the eve of the Fed's interest rate cut. After the Mentougou incident is resolved, global macro policies will be greatly released in 2025, and a new bull market is expected to start. As long as the contract is not blown up, the increase may be realized within a few weeks. Be patient and hold, and the prospects are bright.

Keep calm:

Now is the time to hold patiently. When the market falls by more than 10%, you can bottom-fish in batches. Hold on, don't sell at the bottom, there will be a turning point, such as new developments in Mentougou or the Fed's interest rate cut.

The future is bright, but don't sell at the low point.

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