Let me briefly talk about the market and the outlook.
I personally think that the reasonable price of BTC at this stage should still return to around 58K to 60K.
In the early stage, due to the panic caused by the German government and the Mentougou incident, the price fell to 53K. Then there was a V-shaped reversal, proving that this was absolutely an unreasonable undervaluation.
Regarding the market, this wave of rise is related to Trump's assassination. After the Independence Day of the United States, the ETF had a net inflow of nearly 4,000 BTC per day. The negative factors of the German government have been digested, and the Mentougou incident has also been taken over by institutions.
It is expected that the market will perform well in the next 2-3 months, and the expectation of rising is mainly due to the US election and interest rate cuts.
Many people don't understand why the market rose after Trump encountered an accident. This incident consolidated Trump's position as the next president. He has different policy directions from Biden, and there are financial backers behind him.
Soros behind Biden is famous for shorting fiat currency. After he took office, he raised interest rates, which led to currency depreciation and bank bankruptcy, and he made a lot of money.
In contrast, Trump won votes in the crypto space and likes to cut interest rates and release money, so the market naturally rose.
For investment targets, I recommend leading memes with high trading volume and good liquidity, such as pepe and wif. Focus on new narrative sectors, and focus on mainstream layout when the market comes. Those with limited funds can pay attention to new sectors and primary markets.
Do you have friends who want to communicate? Interact and follow me. I try to select a few high-quality targets every day to give to my loyal friends and give my brothers some money back.
