The market, which had just stabilized over the weekend, has started to fall again. It is really hard to guard against.

The main reason for the decline is the same as last week: it is still affected by the shipment of Mentougou and Germany.

However, I think what everyone wants to know most is: when will the decline stop? Let's take a look at the analysis:

Before analyzing when the decline will stop, we must understand what is currently suppressing the market rebound?

(1) Mentougou compensation

Mentougou's compensation will take three months, that is, it will be paid in mid-October

(2) Germany sells coins

Just now, the German government transferred 1,000 BTC, but 500 of them were actually transferred to the exchange. At present, the German government still has 38,800 BTC. If 500 are transferred per day, these holdings can still be sold for 77 days

(3) Lack of liquidity

Liquidity is related to price. The price drop caused everyone to be trapped. Before large funds were connected, no one was willing to move. The same is true for the chain. ETH's GAS has reached 1.76Gwei ($0.11).

(4) Interest rate cuts

According to GEM data, 93.3% of people said that the next FOMC interest rate meeting will maintain an interest rate of 5.25-5.5, and there is a 6.7% chance that it will drop to 5.0-5.25. Therefore, there is still a long way to go for this big positive news of interest rate cuts.

So in summary, if this wave wants to really take off, there is still a long way to go, and the support level below is still 5.3W.

In terms of operations, the assets in hand should continue to be held, and ETH can be appropriately arranged. It has already shown that large funds are bottom-fishing ETH, and the news of ETFs is getting closer and closer, so it can be arranged for long-term holding.

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