Very reasonable, just as I thought. With the interest rate cut trend in the past two months and the possibility of Auntie's pledged ETF breaking through 4800! At the same time, the recession risk in the U.S. is about to explode in a few months, which will bring the cryptocurrency market into a bear phase. After the crash, interest rates will be cut again, and the rebound will only lead to further declines.

If you still believe in the four-year cycle, the law of Bitcoin's past three bull markets is that 500 days before the halving is the cycle bottom, and 530 days after the halving is the cycle top. If this law continues to hold in this cycle, then the cycle top will be at the end of September or early October.
This means that the pullback in August is an opportunity, combined with the interest rate cuts in September, so there are still three months left in this bull market to make profits. I hope everyone can seize this opportunity.