• My personal opinion is that this is just a bear trap with the accompanying FUD news of "financial recession" but the truth is that after each recession, assets and financial markets will increase in price and currently economic indicators have not shown that the market will enter a recession, I predict that the upcoming price trend of BTC is a continuation of the upward trend of this cycle and in August there will be a sizeway to wait for the interest rate decision in the September meeting, the recent FUD news is just to shake off the weak hands and the whales continue to quietly buy in (the first photo shows that more than 404448 BTC and BTC ETF have been quietly transferred to the wallets of long-term holders in the past 30 days, reaching a record in history and the second photo shows that more than 84k BTC have been collected by whales in July, reaching the highest level since 2014, while the FUD of the German government selling BTC and Mt.Gox and then the financial recession still coming out regularly until now :))

  • After a long time of observing and recording starting from the bottom of this cycle in 2022, observing the news released with the correlation of BTC price trends up to now, you can see that MM is a master of creating hope for investors, because they often create beautiful price traps and accompanying fud or fake news for investors to hope and MM always collects goods at levels above the price trap while investors are still waiting and hoping that BTC will return to the beautiful price zone to buy (maybe you will wait for BTC to drop to $10K and $12K in 2022 to understand 🥲)

  • In summary, the altcoin and potential layer2 markets are looking good, BTC is still waiting for the interest rate announcement in the September meeting (according to CME data, most of the bias is that interest rates will decrease by 0.25% - 0.5%), traders should be careful at the end of August because there is a high possibility that BTC will have strong fluctuations if interest rates follow the forecast of the whole market and experts.

  • When BTC enters the period of price increase of a big wave in a cycle, there will occasionally be FUD news released to make people close early or weak-handed, then the restaurant, BTC in the previous season was the type of increase in doubt, so many people did not have time to enter the market even though they had observed the market for a long time. Many people still think that they will buy at the bottom price and have the illusion of eating the whole market, so now they should restructure their investment portfolio and entry strategy if they do not hold any coins in the portfolio.

    BE GREEDY WHEN OTHERS ARE FEARFUL 💁‍♀️

  • Read up to here, if you have any opinions and perspectives, please leave them below in the comments and remember to leave a like button.

    #MarketDownturn #btc #binance $BTC