It's the weekend again!
This week the market has been quite lively, with many highlights.
There are signs of easing in the Israel-Palestine situation, and more dovish voices are emerging within the Federal Reserve.
Trump's team is still contemplating candidates for the Federal Reserve's 'shadow chairman.'
What’s even more noteworthy is that Guotai Junan Hong Kong has become the first licensed Chinese brokerage to trade cryptocurrencies, which has stirred up the capital circle.
A few months ago, we analyzed Trump's strategy; he wants to suppress BTC prices through tariff trade wars to allow family capital to accumulate at the low price of $80,000 - $90,000. Unfortunately, when the market fell, many couldn’t hold on and ended up cutting losses.
Yesterday, U.S. Treasury Secretary Basant stated that the U.S. is accelerating the implementation of trade agreements, planning to complete talks with several countries by early September.
U.S. stocks also performed well, rebounding from the brink of a bear market, with the S&P 500 index rising by 23% in just 89 days, even reaching new highs. This momentum is likely to quickly transmit to the BTC market.
On-chain data also shows important signals; BTC has been consistently flowing out of exchanges, with Coinbase alone transferring out 10,000 BTC yesterday, worth about $1 billion.
It seems that a major market movement might be on the way, so everyone should be careful not to sell too hastily.
Weekend market liquidity is low, and volatility is also small. If there are suitable entry opportunities during the day, I will notify you in a timely manner.
