Analysis of the current market situation

1. Strong market uncertainty

The uncertainty in the current market mainly comes from the performance of the US stock market. If we look at BTC itself, it seems to be close to the top. However, the trend of BTC completely follows the US stock market. The expectation of a decline in the US stock market is based on the fact that the US stock market has adjusted before and after the interest rate cut in history, but the depth of the adjustment varies.

2. Independence of BTC

Although BTC is now closely following the US stock market, we must also realize that BTC may sometimes break away from the US stock market and go out of an independent market. Although this is not visible at present, it is possible.

3. The bull market is still expected

Most people still believe that this round of bull market will come. This can also be seen from the on-chain data. The amount of funds currently on the sidelines is enough to drive the arrival of the bull market. Many people are waiting for an opportunity to buy at the bottom, and determining the location of the bottom is a complex issue. #非农就业数据即将公布 #Telegram创始人获保释 #美联储何时降息？ #BNBChainMemeCoin #以太坊基金会