On July 14, Binance celebrated its seventh anniversary, and Ethereum ETF trading was officially launched. With the end of the European Cup, market funds began to flow back. Here are some key dynamics in the current market:

1. BTC experienced a second bottoming out on the 4H chart, testing the resistance level of 58,300, and this bottoming out pattern has been confirmed. Despite the continued selling by the German government, the market does not seem to have fallen as a result, but has shown an upward trend. Maintain a low-long strategy and pay attention to Powell's speech at 22:00 tonight. You can set up a pin order in time so that you can quickly enter the market when the news triggers market fluctuations.

2. The current cost of miners is roughly between $49,000 and $53,000. This cost level indicates that BTC may have reached the bottom of the bull market correction. Looking back at 2020, when the price hit the miner cost, it then ushered in a soaring market.

3. Trump's victory is a foregone conclusion, coupled with the expectation of a rate cut in September, these factors have brought benefits to the market. It is expected that the market will have a good performance in the fourth quarter.

4. From historical experience, there are usually 5 to 6 pullbacks of about 30% during a bull market. The pullback from 7.3 to 5.3 this time is close to 30%, which is in line with the normal pullback rhythm of a bull market. Traders should seize this opportunity to get on board, because a big drop often means a real opportunity to enter the market.