It is really not easy to make money in the currency market now. Rising seems to depend on luck, and falling is the norm.
Now many small retail investors lack confidence in the market, and the market seems very weak. This sentiment is very similar to the last stage of the bear market. The previous big bull markets, such as those in 2017 and 2020, were born under this general mentality.
In fact, looking at most of the currencies in the currency circle, except for some unpopular altcoins and sectors that may still fall, more than half of the currencies have almost no decline, and it is time to rise again. This year's CPI data is a bit beyond expectations, and the possible interest rate cuts in the future will warm up the market. After the halving of Bitcoin, the decline of most currencies will be more limited.
Now it depends on how long this consolidation will last, until the market rises sharply, stimulates the enthusiasm of funds to go long, and attracts more off-site funds to enter the market. Once an upward trend is formed, market sentiment may turn from pessimism to optimism overnight.
