Market Analysis 8.16
Good morning, brothers. Last night, Bitcoin fell to as low as $56,200.
In fact, just follow our strategy. I will emphasize again:
If the price has fallen recently, don’t panic. Hold on to your valuable coins and don’t be scared away.
Don’t chase the rise even if it has risen, because it takes time to digest the negative news.
Holding on is victory!
Many brothers immediately chase the highs after seeing the rise, and they will be almost trapped after a few times.
There are three major factors that determine that the real reversal will take time and will not come immediately:
(1) Mentougou released $2 billion worth of BTC three days ago, which will take at least two weeks to digest.
(2) The US government is also suspected of selling coins, transferring more than 10,000 BTC.
(3) The world is in constant conflict, and the conflict between Iran and Israel is likely to continue to expand.
But the good news is just around the corner:
(1) A lot of stablecoins are flowing into the exchange, and they remain strong, with no signs of decline in the near future
(2) Many big capitals are still buying at the bottom, for example, the day before yesterday, an institution, Marathon Digital Holdings, bought $249 million (4,144 bitcoins)
(3) The Federal Reserve is about to cut interest rates and release water
It’s still the same old conclusion:
The market may recover in late August-early September and begin to reverse the trend.
Some high-quality currencies: STX, FTM, AR, People
Some currencies to avoid: SUI, Arb, Wld, Strk, Apt, Sand, XAI, ENA
Just lie flat during this period, just lie flat for about half a month to one month,
the market may recover.
