There are currently two mainstream voices in the market
1. The Peak Camp: This round of the bull market has peaked. Reason: BTC weekly top divergence + MACD death cross, frequent selling by Bitcoin OGs with over ten years of experience, large holders liquidating, and continuous net outflow of Bitcoin ETF funds.
2. The Crazy Bull Camp: A big surge is coming. The altcoin season is approaching. Based on the four-year cycle theory, BTC.D has peaked and plummeted, with funds flowing into ETH and altcoins. Next, ETH and altcoins will experience a final surge for three months. Interest rate cuts in September will provide liquidity support, leading to a wildly bullish market that you cannot imagine.
My view: At the end of August and the beginning of September, we will first experience a sharp decline that turns the Crazy Bull Camp's anticipated altcoin season into an altcoin sacrifice, allowing the Peak Camp to be arrogant for a while and washing the Crazy Bull Camp into despair. Once the interest rate cut is implemented and liquidity is released, ETH will lead the altcoins into the final wave of the market, thoroughly overwhelming both the Peak Camp and the Crazy Bull Camp, forcing them to FOMO in before dumping and trapping them at the peak.
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