We believe we are halfway through the current #Bitcoin bull | Ui-Chain on Binance Square

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We believe we are halfway through the current #Bitcoin  bull market.
And just because we're halfway there doesn't mean we're halfway through price growth, because at the end of a bull market, prices tend to go parabolic," says ARK Invest CEO Cathie Wood.

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The answer is - recession anxiety is amplified by short-term market sentiment. In fact, there is scant evidence to confirm a recession. First, the economic data of the United States is still dancing at the peak, and it is only confirmed that the labor market data has shown signs of weakness, and weakness in some sectors is not equal to recession. A week ago (July 25), the US GDP data in the second quarter exceeded expectations, and many economic data in the whole quarter opened low and went high. Consumption, government spending, and industrial output are all at high water levels. In terms of GDP, the personal consumption expenditure grew stronger month on month, and the annual growth rate of government consumption and investment rebounded to 3.1 percent month on month from 1.8 percent in the first quarter, contributing 0.2 percentage points to 0.5 percent to GDP growth. The Conference Board Consumer Confidence Index came in at 100.3 in July, higher than expected. Consumers are confident about the economic outlook. The volume and price data of the consumer market performed well; Government spending is at its peak and remains strong; Private investment also remains high - AI's "arms race" investment spending has been unrelenting in the latest earnings reports from major players, and capital spending on manufacturing backflows has also remained high. A week ago most economic indicators were healthy, and a week later they were in recession? A more rational point of view is that after the seven technology giants have been less than expected earnings, people continue to be disappointed in the accumulation, there is no good news, resulting in extreme short-term sentiment and more profit-taking transactions. And the monthly jobs data that has caused concern has a problem with the jobs data itself, which has been too "manipulative" on the indicator, and is also a nightmare for many trackers and buried many economists.

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Beat Fud！It's temporary.

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What a market situation

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Hey guys ，are you all right?

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In general, before the arrival of the bull market, the banker will repeatedly wash the market , the Fed will cut interest rates in September, and now it is the darkest time before dawn, everyone hold on!

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