Market Analysis: After a week of adjustment, I continue to be on vacation. Since the average cost of our BTC, ETH, and XRP is very low, we basically don't need to monitor the market much for the second half of the year. Short-term trading can be done or not done (short-term trading is not very meaningful). Friends are urging updates, so I am posting another analysis of the market for the second half of the year (no time conclusions will be made here).
First, regarding the target, BTC is still following the target in chart three. The first target of 127,000 has basically been achieved, and the second target is 150,000-160,000. We will probably need to wait until the interest rate cut news is confirmed. As for whether BTC can reach 200,000 by the end of the year or in the first quarter of next year, that really depends on the Federal Reserve's monetary policy from the second half of this year to the first quarter of next year. However, it can be seen that the interest rate cut will be confirmed, so we can basically see the target of 150,000 for BTC, keeping a low long position above 112,000.
ETH is a big deal for most people in the second half of this year. I hope everyone seizes the market opportunities in the second half. Two major events for ETH in the future: the Gold Dog WLFI and staking approval. It can be confirmed that ETH staking will likely pass around October, which will push up the price of ETH again. Therefore, we can configure a low long strategy for ETH based on point one in the chart (long positions can be taken anytime above 3,000). Currently, ETH's pullback to 3,400 is the extreme value, but we cannot rule out black swan events (the probability is very low), so always leave room for maneuver. Low long is still low long; we can basically see ETH around 4,500 and 6,400 by the end of the year (chart one). I previously mentioned the 4,500 level; you can look back at previous posts. As for the rumored 12,000 ETH, I believe it will take until the first quarter of next year at the earliest (it’s quite difficult). However, if ETH really reaches 12,000, I can basically retire. I do not rejoice in material gains nor lament personal losses; I accept whatever comes my way.
As for SOL and altcoins, just watch the situation. At this stage, selecting altcoins is quite important; the first principle is not to get stuck. Currently, it may be somewhat volatile. Pay attention to the Federal Reserve's interest rate meeting on July 30. It’s hard to say if they will cut rates immediately, so let’s keep an eye on it.
I am Afo, a professional trader.
Welcome to comment, like, follow, and give a triple tap.
First, regarding the target, BTC is still following the target in chart three. The first target of 127,000 has basically been achieved, and the second target is 150,000-160,000. We will probably need to wait until the interest rate cut news is confirmed. As for whether BTC can reach 200,000 by the end of the year or in the first quarter of next year, that really depends on the Federal Reserve's monetary policy from the second half of this year to the first quarter of next year. However, it can be seen that the interest rate cut will be confirmed, so we can basically see the target of 150,000 for BTC, keeping a low long position above 112,000.
ETH is a big deal for most people in the second half of this year. I hope everyone seizes the market opportunities in the second half. Two major events for ETH in the future: the Gold Dog WLFI and staking approval. It can be confirmed that ETH staking will likely pass around October, which will push up the price of ETH again. Therefore, we can configure a low long strategy for ETH based on point one in the chart (long positions can be taken anytime above 3,000). Currently, ETH's pullback to 3,400 is the extreme value, but we cannot rule out black swan events (the probability is very low), so always leave room for maneuver. Low long is still low long; we can basically see ETH around 4,500 and 6,400 by the end of the year (chart one). I previously mentioned the 4,500 level; you can look back at previous posts. As for the rumored 12,000 ETH, I believe it will take until the first quarter of next year at the earliest (it’s quite difficult). However, if ETH really reaches 12,000, I can basically retire. I do not rejoice in material gains nor lament personal losses; I accept whatever comes my way.
As for SOL and altcoins, just watch the situation. At this stage, selecting altcoins is quite important; the first principle is not to get stuck. Currently, it may be somewhat volatile. Pay attention to the Federal Reserve's interest rate meeting on July 30. It’s hard to say if they will cut rates immediately, so let’s keep an eye on it.
I am Afo, a professional trader.
Welcome to comment, like, follow, and give a triple tap.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,546.95
-1.12%