In August, I believe there will be significant fluctuations in the crypto market, and I will run after it rises.
Previously, I mentioned at the end of June that it was an opportunity for a major bullish counterattack.
Bitcoin rose from 106K all the way to 123K, and now it is consolidating at 118K.
Originally, I was very bullish before the end of July,
but because I am a meme coin player, seeing so much capital leaving the meme coin sector,
the market makers do not have much confidence in 'speculation',
plus the Base chain has grabbed the meme heat from SOL, so the WIF and BONK I bought earlier will not develop too well.
Now the upward trend has been interrupted, so I believe there will not be much rise in August.
Especially now, the expectation for interest rate cuts in September is very high,
I believe there will be a wave of cleaning before the rate cut, leading to a 'black swan' that results in the arrival of the rate cut.
It can still rise, but the risks are increasing.
Perhaps due to the bubble caused by the stablecoin bill, there will be potential selling pressure on U.S. bonds.
Additionally, Trump likes to pump and dump,
perhaps before mid-month, he will create another super positive news, similar to before Trump took office in mid-January.
After mid-month, there will be a significant reshuffling due to the bubble bursting, leading everyone to think the bear market has arrived in September.
At this time, announcing an interest rate cut will rationalize the reason for the rate cut.
Summary:
The crypto market will continue to fluctuate up and down, and if there is an opportunity to rise to around 125K, I will first reduce my holdings.
I will reallocate at the beginning of September; September might be the last chance to jump on this bull market.
