Bitcoin Eagle 🦅 8.4 Accurate Market Analysis
Good afternoon, brothers. August has begun.
In July, U.S. cryptocurrency ETFs attracted $12.8 billion, setting a new historical high.
In August, it remains uncertain if this influx of funds can continue,
If it can, then BTC's return to previous highs is not a problem.
From historical data,
August and September are typically months with weaker BTC performance for the year.
If August lacks new policy catalysts,
then there is a high probability of sideways movement, not as optimistic as we imagine.
Due to the U.S. stock market being at a high,
Trump continues to stir things up with tariffs and international conflicts,
which may lead to certain negative impacts.
There are no particularly important economic data releases this week.
In August, we will focus on defense,
holding spot positions and waiting for the U.S. to introduce more Bitcoin reserve policies.
Known as the "insider trader," qwatio's short position made a profit of $12 million two days ago,
but now all profits have been given back.
This serves as a reminder that greed and fear always accompany us in trading.
If there is a significant correction next, do not be afraid,
if August rebounds to new highs, we should sell part of our positions, do not be greedy.
The on-chain data just released reflects the major trend: #
BTC is continuously being bought and withdrawn, bullish in the long term.
Still worth buying: BTC, BNB, SOL.
Buy less of other altcoins to avoid BTC's decline causing a further crash.
