The current market is very similar to August-September 2024, and the macro environment follows the same rhythm and patterns. The cryptocurrency market is anxiously waiting for interest rate cuts, while the A-shares start to rise. Altcoins rise slightly but then fall back to square one, or even drop deeper. Many retail investors are cutting losses in the crypto market and rushing into A-shares.

Everyone knows the script that follows: A-shares peaked in early October last year, and the crypto market experienced a dramatic rebound, showcasing a seasonal trend for two months.

Will history repeat itself this time???