Currently, almost everyone believes that September is the season for altcoins, which is exactly the opposite of what 99.99% of people think.

Let's see if the bottom of the big pie at 98200 on June 22 can hold; it feels very likely that it won't hold. The best situation is still my statement about breaking the June 22 low, then dropping another 30%+, and that would be the bottom for altcoins.

Since July 22, I have been indicating the top; when a round of top declines, it takes months, and the real bottom for altcoins will be at the end of November or in December. No one knows when a bunch of so-called September altcoin bulls will appear. It seems that September is the sign of a major decline. When will retail investors realize the absurdity of September being the altcoin bull? Being in cash guarantees profit; buying now will at least incur a 50% loss, which is a doubling of losses, with funds losing half! Cash is king!

The altcoin top that fell in March won't reach the bottom without dropping 95%+; extremes of 97%-99% are also possible! The terror of a bear market is like this! When retail investors reach a consensus that a month will see a big rise, the greater the probability is that it will drop significantly. Conversely, when retail investors agree that a month will see a big drop, then it will rise significantly!

The best advice is to take advantage of the potential high points before interest rate cuts to reduce positions or exit entirely! #BitDigital转型 #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼