I want to start the update with the comment of OTHERS.D. The breaking of the declining trend will indicate that the appetite for altcoins is gradually increasing and that we are entering a period where we will see 2-3X gains. However, right now, it seems like it has been rejected by the trend, and I don't want to speak too early, but it would be unreasonable to expect an immediate break from something that has been declining for 7 months.

The news flow is positive, even overly positive. My expectation in the chart is that after some pullbacks in the remaining part of July, the declines will give way to long green candles in August. Coincidentally, there is a FED meeting at the end of July. I'm curious about what Powell will say when the future is uncertain; there are even expectations of resignation on the agenda. I have a plan to do a live broadcast tomorrow to elaborate and evaluate BTC and ETH separately.

In summary, expecting a correction the moment it breaks the trend is meaningless, but right now my risk appetite is low.