Good morning, brothers! Yesterday's big drop made everyone a bit anxious, so today we will systematically sort things out:
What exactly caused this drop? How do we see the future market?
🔻 Exclusive analysis of the reasons for the sharp decline.
① The effect of 'good news has been fully priced in'.
The expectation of interest rate cuts in September has already been digested by the market, and some funds are taking profits early.
BlackRock ETF's early positioning funds have recently shown significant selling actions.
② Trump's sudden operation.
Yesterday, Trump directly dismissed Federal Reserve Board member Cook, causing a huge shock in the market.
This is an unprecedented move, and the market is worried about the threat to the independence of the Federal Reserve, resulting in a sharp decline in U.S. stocks, with Bitcoin falling in tandem.
At the same time, news of 'the Ministry of Defense may be renamed to the Ministry of War' has sparked geopolitical concerns, leading some funds to choose to withdraw.
③ The Trump family's confidence in issuing tokens has been undermined.
WLFI has been falling since it was listed on the exchange, marking the Trump family's third 'token issuance to harvest retail investors'.
Market confidence has been hit, leading to a decline in BTC.
🔑 Has the fundamentals changed?
The answer is: none, the essence has become stronger.
A Filipino congressman proposed to establish a national strategic Bitcoin reserve: planning to purchase 2,000 BTC annually for the next five years.
More and more countries are incorporating BTC into their strategic reserves.
China may open up legal buying and selling of BTC within the next three years.
The regulation of stablecoins in the U.S. is gradually being implemented, which is a long-term benefit for the entire crypto market.
📈 Altcoin dynamics.
SOL:
Yesterday, a newly created wallet withdrew 80,254 SOL (approximately $16.28 million) from Binance and staked it.
U.S. stock Sharps Technology plans to raise $400 million to establish the largest SOL treasury in the world. → Positive for the medium to long term.
ETH:
In the past 24 hours, CEX has seen a cumulative net outflow of 23,600 ETH.
ETH's decline is mainly a technical correction after a previous large increase.
📉 Macroeconomic environment.
22 U.S. states have sounded the alarm for recession, with nearly one-third of GDP 'stuck in a situation where it is almost impossible not to cut interest rates, and the shift in monetary policy remains a major trend.
📊 Technical observations.
BTC is approaching the 120-day moving average, and the decline is basically in place.
The market still needs about a week to digest the negative news.
Brothers with bullets can consider gradually building positions in BTC at this stage, but do not go all in.
⚠️ Friendly reminder.
This analysis is for reference only and does not constitute investment advice.
Investment involves risks, please use spare funds, think independently, and make cautious decisions.
Continue to pay attention: $BTC $ETH $SOL EDU AIOT WLKI BR DIA
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