🔥 9.3 Market Analysis
Brothers, did you watch today's grand parade?
While we are all fired up here, the political turmoil continues over in Europe and America:
The US, UK, and France each have their own worries
Bond yields are climbing steadily
Gold has directly reached a new high
All of this is sending a signal 👉 September may see significant financial turmoil!
Gold is leading the charge, and Bitcoin is rebounding accordingly.
Since the beginning of this year, BTC's attribute as a "risk-resistant asset" has become increasingly evident.
See the essence clearly:
US Dollar + Government Debt = Unreliable,
while Gold & BTC are the safe havens for wealth.
So, stop staring at short-term fluctuations, just hold on tight.
Institutional Actions:
Goldman Sachs has been buying BTC like crazy recently
Morgan Stanley also disclosed in the second quarter that they bought 188 million USD worth of Bitcoin ETF
These giants' entry costs are all above 100,000 USD,
In other words, BTC must reach at least 200,000 USD in the future!
As for ETH
It has been a bit weak recently, and the reason is simple:
The Ethereum Foundation (commonly known as the Doge Fund) is selling,
They dumped 10,000 ETH at once.
We have to wait until they finish unloading before ETH can take off.
Major Event
Abraxas Capital's two accounts lost over 100 million USD due to short selling!
The main players have directly caught big fish this time, and they probably won't stop until they blow it up.
Final Reminder
No one is borrowing to buy coins or using credit cards to buy coins yet
The expectations for interest rate cuts have long been digested by the market
There is still some distance from true frenzy
So, the best move is: hold your coins with peace of mind, don’t rush, don’t panic!
