How to look back? This time point is critical!!!

Since reaching a high point on May 20, the market trend has been on a downward trend, shaped like a flag line. The main reason is that there are constant negative news in the market, including the compensation of Mentougou, the sale of miners, the sale of the German government and the sale of Grayscale Foundation in batches, which lead to market selling pressure.

Retail investors followed the trend and shorted, and the market continued to fall. The previously strong MEME inscription sector also gradually faded out of sight due to the influence of the market. The currency circle lost its wealth-making effect, which triggered various suspicions in the market. The longer the time, the more unstable people's hearts, and any negative news will be infinitely magnified. For example, many people believe that Bitcoin is going to a double top, institutions are selling, and the reduction of miners' income has led to large-scale selling. The German government is also dealing with Bitcoin.

This fear makes people doubt uncontrollably. Even if they don't want to admit it, they will still be anxious and restless in the dead of night, and have difficulty falling asleep, or even wake up in a dream. Facing such an environment, I personally think it is a test for retail investors. There will definitely be more opportunities in the second half of the year. The market will let most people experience the baptism of fear. When you are deeply trapped in it, the next wave of trends has already begun.

Yesterday, Federal Reserve Chairman Powell avoided the question of whether to cut interest rates in September, insisting that monetary policy has two-way risks. Cutting interest rates too early may rekindle inflationary pressure, and cutting interest rates too late will cause unnecessary damage to the economy. The operation of interest rate cuts is often earlier than the actual interest rate cuts in February and March. This Friday's non-agricultural data and the CPI on the 11th will be the key. If the July data is positive, there is a wave of market conditions in July and August; otherwise, the market is expected to continue to be postponed for February and March. #以太坊ETF批准预期 #币安合约锦标赛 #非农就业数据即将公布 #以太坊ETF批准预期 #Mt.Gox将启动偿还计划