The Bitcoin Conference will officially start next week. There is an unwritten rule in the currency circle that the currency will fall after the conference. Will it continue to fall this time as in the past?
1. If the Bitcoin Conference is held on July 27, it will be exactly one week after the Ethereum ETF is passed, and the second quarter GDP and core PCE of the United States will be released. If the data is the same as the forecast, it will inevitably bring more news to the currency circle, and the speculation of interest rate cuts can become a reality faster. If the conference falls, it will be an opportunity to buy at the bottom.
2. The reason why the conference must fall is that the market's hype expectations are not consistent with reality. For example, when Vitalik participated in the Hong Kong WEB3 Conference, Ethereum did not usher in a big rise, and there was a slight decline after the conference. This represents the expectation of the market operation, the expected hype, and the expected landing. It takes a certain amount of time to digest.
3. There will be a lot of gimmicks during the conference, followed by market hype, which also leads many people to find that the gimmicks in the conference are not actually beneficial, so there is a certain amount of selling pressure after the conference.
4. Trump attended. As a former president who currently supports the cryptocurrency circle, he has a particularly high chance of being elected. The market has already hyped Trump several times, and perhaps this conference is still hyped.
