🚨🚨🚨This market is considered a bull market, but it is mainly a one-man show of Bitcoin. It has been rising since 30,000, while the altcoins are still falling. A full bull market usually has to wait until the middle and late stages to become lively. The second half of the year, especially after September and October to the middle of next year, will be a period of unlimited glory.
It is worth noting that the big cake transfer in Mentougou has been completed. The US government is still waiting and will not take action unless it is absolutely necessary. It is Wednesday, and the CB financial report will be released on August 2. The altcoins may rebound over the weekend. If it falls in the next few days, you can consider hoarding some altcoins, or sell those garbage altcoins if it rises over the weekend. To be honest, the market cannot drive a large-scale altcoin market now. The rise of Bitcoin does not mean that altcoins can also rise. The differentiation is too serious.
In addition, the unemployment rate and non-agricultural data on Friday must be watched, and Powell’s speech on Thursday is expected to be Tai Chi again. Microsoft said that AI investment will take fifteen years to see returns. Nvidia's stock has been selling very well recently. From June 13th to now, 3.72 million shares have been sold, cashing in more than 400 million US dollars. It seems that the first round of AI infrastructure speculation bubble is about to burst. The task of the seven golden flowers (referring to several stocks or cryptocurrencies that have performed strongly before) has been completed. Now it is time to adjust the status and prepare for the market of small and medium-sized stocks in the US stock market after the interest rate cut.
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