The bad news is over, and the interest rate cut is about to land! Can Bitcoin reach 100,000 in this bull market?
The market has been sluggish during this period, and many people's trading enthusiasm has faded, and they are even more pessimistic.
In fact, this is the market. Except for the big bear market cycle, there is a period of oscillation from the bear market to the bull market cycle. But don't be discouraged, there are many market opportunities, and the market can take off again at any time. Since you have chosen the mixed currency circle, you can't lose your mentality. Persist in survival, and you will win.
As the German government's sell-off has come to an end, the price of BTC has stabilized a lot, and even the turnover on the chain has dropped sharply. Investors' sentiment has become more and more stable. Although yesterday's PPI was not very good, it did not seem to affect the market's expectations for a rate cut in September. However, there will be a core PCE data and a non-agricultural data before the interest rate meeting at the end of the month. In comparison, these two data will have a greater impact on the Federal Reserve.
The German government wallet address shows that there are no more bitcoins. In one month, Germany has sold all the more than 40,000 bitcoins it holds. At present, the only negative factors in the market are Grayscale and Mentougou. Other institutions and whales are buying. It is expected that the adjustment will be almost the same in two or three weeks.
To learn more about the logic of cryptocurrency investment, please visit my homepage! 🌟
From the Fed's dot plot, the median is between 4.5-4.75, and the current interest rate is in the range of 5-5.25, which means that there will be 2 opportunities for interest rate cuts this year. Even if the inflation data of the old US is slightly higher, there will be at least one interest rate cut. The first interest rate cut is likely to occur in September or after September. If the short-term pie can recover 60,000, this round of correction will come to an end.
