The depreciation of the US dollar is a long-term trend, and the RMB is expected to gradually appreciate, which will cause the price of USDT to fall. The RMB is expected to fluctuate violently in the third quarter, with the fluctuation range being between 6.8-7.3. Oil and gold prices will continue to move higher after the adjustment in response to the expected pressure on the appreciation of the US dollar. The previous prediction that gold would reach the level of $2,500 is now close to being realized, and it may be higher in the future, while oil prices may also break through the $100-120 range (current price is $74).
Japan's two interest rate hikes have brought about a significant correction in the market. As a country open to virtual currencies, Japan's policy influence cannot be ignored. If the U.S. dollar depreciates smoothly to the 90-95 range, the U.S. may suddenly raise interest rates against the backdrop of improving U.S. economic and corporate data, catching the market off guard.
While there have been many reports predicting a recession in the U.S. economy, that may not actually be the case. Even if economic data declines in August and September, this is just a normal seasonal fluctuation, just like the economic slowdown during the Spring Festival. After the pullback in the third quarter, Bitcoin is expected to continue rising with a target price of $38,500 and may eventually break through the all-time high of $73,777.
The market is volatile, but opportunities still exist. Stay tuned and catch the trends!
