🚨Market Observation: #etf is offloading, and Ethereum and Bitcoin are following suit📉. If the selling momentum does not decrease, a short-term rebound may not be very strong💨.
Retail and institutional investors in the U.S. know that the probability of an interest rate cut in September is very high (90%+), which should normally be good news for the market to rise📈. Could this be a deliberate attempt to scare people out of their positions to buy back at lower levels? 🤔 If it drops to 1.12-1.13 million or 100,000, large investors might buy the dip, and then it could directly surge to 150,000-200,000!
They might also be worried that no interest rate cut will happen in September, and are retreating early to avoid a major drop💔. Friday's #美联储会议 is key, whether it will be hawkish👀 or a favorable interest rate cut🌤️, and all will be revealed! #BTC