Market Analysis

As I expected. The pullback has arrived as scheduled, and on July 22nd, I had already indicated that the market was at its peak. At that time, I said Bitcoin was very weak and was just waiting to sell Ethereum at the 3900 position. Then both fell together. It cannot be denied that institutions are still continuously buying Ethereum, but they have infinite bullets, something you cannot compare to. Institutions can lower their position costs through long-term purchases. Now let me predict the bottom: Ethereum around 3000, while Bitcoin first looks at the support level of 10.9. If it can't hold, it will drop to 9.8. As for now, Bitcoin can enter a small position at 10.9, and then on September 18th, there will be an interest rate cut, starting a big bull run. In August, many altcoins will still face a significant wave of losses. I will gradually share the altcoin levels, and if you have any questions about specific coins, feel free to leave a message in the comments.