Good morning!
It's the end of the month, and Monday is here again. Let's talk about the recent market changes
First of all, the recent market is a little interesting, but not much.
Bitcoin's dominance rate continues to rise in a fluctuating upward trend. It is close to a new high in the past three years. This is also the reason why the altcoin is half dead
Since the current round of BTC and ETH spot ETFs have been listed, the situation of liquidity exhaustion in the market as in the past has become very rare. Instead, it is because of the long-short game after a huge amount of funds poured in that the market has a very large amplitude.
I think this is necessary in the bull market cycle. Especially before the market accelerates its rise, large-amplitude fluctuations are the most effective in cleaning up chips.
The current situation is that Bitcoin may break through a new high as early as around the 15th of next month, but the launch of the altcoin may be delayed after the first interest rate cut.
Is the market pessimistic? I don't think so. Anyone with a discerning eye can find out that 1BTC=1BTC from the short-term negative impact of institutional turnover after the Ethereum ETF was listed, Mentougou compensation, etc.
Under the influence of various negative factors, the rebound of Bitcoin is almost 70,000. What does this show? Explanation: The fundamental change of the market has taken place. At the same time, the trend is unstoppable
For now, I think the negative news will still have an impact in the short term, which is good news for the future market. All the negative news is good news. In addition, the interest rate cut cycle is coming soon~
Don't worry about the external noise, believe in your own judgment. Holding the spot firmly is the most correct choice, even if you are currently trapped.
At this time. I think everyone should not cheer each other up. If someone tells you that he can't hold it. You can just say to him: Then you sell it. Then take care of your hands
The storm has passed, and the dark clouds are about to disperse. You can see the rainbow soon🌈
