The current cryptocurrency market is showing a sideways period after a period of rise. Especially for altcoins, the price fluctuates greatly, and there are often rapid rises and falls, which are elusive. This situation often occurs at the end of the bull market.
Regarding the Federal Reserve, the market currently expects that the probability of interest rates remaining unchanged in August is 94.5%, but in September it is 0%. This means that the market generally believes that interest rate cuts from September are a foregone conclusion. Although the final stimulus may not have arrived yet, the market is actively preparing for the momentum of the next wave of rising prices.
At present, the market needs to create a wealth effect to maintain its heat and attract more investors to participate. Otherwise, investors holding main funds will face chip liquidity problems.
The layout of the market main force is nearing its end. The next step will be the market momentum stage, attracting off-site funds to enter, and looking for opportunities to take profits at appropriate high levels.
