Analysis and forecast of Bitcoin market in the second half of July

Phase 1: Clearing leverage in the market

At present, Bitcoin has experienced two sharp corrections, reaching the levels of US$56,000 and US$53,000 respectively, and the amount of each clearing is about US$2.6 billion. However, the pain points of the price are different, so this stage may replicate the situation before the explosion last year, repeatedly clearing leverage in the market. It is expected that from July to September, Bitcoin may reach around US$70,000 and then fall. This position may re-attract a large number of users to enter the market. The situation of not breaking the previous high is very consistent with the conditions for clearing leverage, and the indicators of the weekly and three-day lines also support this prediction.

Phase 2: Expectation of Fed rate cuts

The Fed is very likely to cut interest rates in November. With the expectation of rate cuts, the end of the Mentougou incident and the landing of the Ethereum ETF, the price of Bitcoin may slowly rise again.

Phase 3: The arrival of rate cuts

With the arrival of rate cuts, Bitcoin may reach the range of US$100,000 to US$120,000, while Ethereum is expected to break through US$10,000. The violent altcoin season is expected to arrive after March next year.

Current stage strategy

At this stage, Bitcoin will continue to rise slowly, attracting more investors to enter the market. It may then hit $70,000, fall again to $56,000, and then continue to rise and repeat the test until the news and fundamentals are in line with expectations. #德国政府转移比特币 #美国6月非农数据高于预期 #BTC走势分析