Jin Dachuan Third Quarter Long-term Strategy
July has historically been a strong month for BTC. Influenced by the predictions from the July interest rate meeting, the price is expected to operate within a bullish flag pattern (as shown), ranging between 108500-98500, before breaking above the flag's peak, surpassing 110,000 and stabilizing.
If the BTC price remains above 110,000 in August, influenced by the ETF approval, market sentiment will heat up, pushing the price up to the significant 120,000 mark. However, the traditional market's quarter-end rebalancing at the end of the month may cause the price to retreat back to 110,000.
In September, with the conclusion of the Federal Reserve's September interest rate meeting, the global economy is expected to reach a turning point. BTC is likely to break and stabilize above 120,000, surpassing 130,000, and even directly challenging 140,000. However, one must be cautious of restrictive regulations; if strong restrictive measures are implemented, the price could fall back to 100,000.
(Chart 2 includes the second quarter long-term strategy, which was also a perfect prediction.)
July has historically been a strong month for BTC. Influenced by the predictions from the July interest rate meeting, the price is expected to operate within a bullish flag pattern (as shown), ranging between 108500-98500, before breaking above the flag's peak, surpassing 110,000 and stabilizing.
If the BTC price remains above 110,000 in August, influenced by the ETF approval, market sentiment will heat up, pushing the price up to the significant 120,000 mark. However, the traditional market's quarter-end rebalancing at the end of the month may cause the price to retreat back to 110,000.
In September, with the conclusion of the Federal Reserve's September interest rate meeting, the global economy is expected to reach a turning point. BTC is likely to break and stabilize above 120,000, surpassing 130,000, and even directly challenging 140,000. However, one must be cautious of restrictive regulations; if strong restrictive measures are implemented, the price could fall back to 100,000.
(Chart 2 includes the second quarter long-term strategy, which was also a perfect prediction.)
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BTC
118,317
+0.67%
