Poor in May, desperate in June, and turning over in July correspond to the current market. The market was in a correction stage throughout June, and the copycats experienced a large-scale cleanup. So far, Bitcoin has been consolidating at a high level above 6W for 4 months. There is still a third wave in the general trend. Combined with the macro changes in the second half of the year, the opening of the third wave will eventually see a six-digit Bitcoin.

After breaking 6W, Bitcoin ushered in a round of repair market at the weekend. It is not difficult to see the behavior of rat warehouses from the trend. Although it has rebounded, it is still in a downward trend. It is not advisable to be optimistic before it breaks.

This week's macro changes are large. The new interest rate cut expectations in the second half of the year will start from this Friday, and there is an impact from the Ethereum ETF.