The day when the second half of the bull market will be fully launched is just around the corner. You should have firm confidence! The current market trend has entered the final stage of the wash-out. The following key points can be used as a reference for you:

1. Negative factors have been fully digested

1. The Mentougou incident has been settled. The Mentougou incident is like a time bomb that often disrupts the market rhythm. Today, the Mentougou incident has been fully resolved, and the selling pressure of 140,000 BTC is not huge, and there will be no negative factors such as the Mentougou compensation in the future. Once the selling pressure is completely digested, it will lay a solid foundation for the subsequent rise.

2. Altcoins fell sharply. In this round of market cleanup, the decline of altcoins was far beyond expectations, and the bubble was fully eliminated. Many altcoins with too high FDVs have fallen to low levels, and retail investors have suffered heavy losses and fled. The subsequent selling pressure has been reduced, which has created the necessary conditions for the subsequent take-off.

3. The panic index reaches the panic level. Every time the panic index reaches this level, it basically means that the market is coming to an end, and market sentiment will gradually warm up, paving the way for the market to take off.

4. On-chain transactions continue to be sluggish. BTC and ETH on-chain performance continues to be sluggish, and GAS fees are extremely sluggish. Whenever the on-chain cycle remains sluggish for more than two months, it is a strong signal that a rebound is imminent.

5. Futures positions have been greatly reduced. At the beginning of June, the futures positions of BTC and ETH were at historical highs, and the market leverage ratio was too high. Currently, the positions have dropped to the level of early May, paving the way for subsequent increases.

6. SEC's regulatory attitude has eased. In the past two years, the SEC has had a bad attitude towards the crypto market, causing panic in the cryptocurrency circle. At present, perhaps due to the impact of the election, the SEC's attitude has changed, approving the BTC ETF, and the ETH ETF has also been approved. In addition, many altcoins that were once targeted by the SEC have shown positive results recently, and the SEC is no longer pursuing them.

2. Positive expectations are in sight

1. Ethereum spot ETF is about to debut. The listing of Ethereum ETF will inject new liquidity into the market, with an expected scale of about 1/3 of Bitcoin, which will drive ETH up sharply and drive the overall rise of ETH ecological tokens.

2. The Federal Reserve is expected to cut interest rates. As expectations of interest rate cuts increase, the first interest rate cut may come in September, which will greatly boost market confidence. After the interest rate cut, it is expected that the liquidity of the cryptocurrency market will return, becoming the core driving force for the start of the bull market.

3. Traditional institutions officially enter the market. The institutions entering this round are not Grayscale from the previous round, but traditional giant institutions such as BlackRock, Fidelity and many other institutions have entered the cryptocurrency circle. Huge amounts of funds and a large amount of liquidity are pouring in at the same time, and the average price of BTC held by institutions is not low, which will have a strong driving effect in the future and become another powerful boost to the start of the bull market.

4. FTX compensation funds are expected to enter the market. In October, it will be clear whether FTX's distributable assets of $14.5 billion to $16.3 billion will be approved. If approved, it is expected that more than 10 billion additional funds will flow into the crypto market, becoming another powerful driving force for the start of the bull market.

5. Looking back at the historical market trends, 3-4 months after each BTC halving is the key node for the start of the bull market. BTC and ETH begin to rise slowly, preparing for the main uptrend. It is now nearly 3 months away from the BTC halving, and the time node is getting closer and closer, just waiting for the bull market to start.

In summary, the moment of the bull market is not far away, and the subsequent market will be optimistic. Old friends should not forget their original intentions and seize this round of bull market opportunities. As for whether the next round of bull market in the currency circle will still have such a strong driving force, it is difficult to predict. The opportunity is right in front of us, and only persistence can lead to victory. Long-term layout of currencies will be held until the second or third quarter of next year, and there will definitely be satisfactory gains. #美联储何时降息？ #美国6月非农数据高于预期 #德国政府转移比特币