Is the bull market coming in August in the cryptocurrency market?
I still stick to my view and continue to be bearish. There may be new lows after the interest rate cut. There will be new highs in August, but it will definitely be very bumpy.
The basic logic of the cryptocurrency market is that the market sentiment is sluggish, the market makers will not enter the market, there is not enough hot money outside the market, and the market continues to fall.
If the market is bullish and reaches a new high, the market makers will ship in advance. After some market makers ship, retail investors are still bullish, and high prices are shaky. A little bit of wind and grass will immediately cause panic stampede, which is why there is 312.
The market is bullish, but the car is getting heavier and heavier, so it is necessary to wash the market. Coupled with the economic crisis, this is the reason for yesterday's plunge. Yesterday's plunge also proves the role and nature of the cryptocurrency market as a reservoir.
Three principles: The cryptocurrency market is the most primitive market. The rise and fall of the market makers and the market is the truth of the fluctuation of the cryptocurrency market; don't stick to the old ways; the big cake is not independent of the economy.
