Current market analysis: Air Force and multi-army main force analysis Air Force main force dynamics:
Mentougou BTC sell-off:
A total of 33,105 BTC worth more than $2 billion have been released and are being gradually sold. There are more than 60,000 BTC reserves, which constitute potential further selling pressure.
US government BTC transfer:
More than 10,000 BTC just transferred may be in the selling stage.
Geopolitical conflict:
Tensions between Iran and Israel and the war between Russia and Ukraine bring uncertainty to the market.
Multi-army main force dynamics:
Federal Reserve rate cut policy:
Powell will speak next week, and the market expects the first rate cut in September, and there may be a total of 3 rate cuts this year.
Political factors:
Trump may become the next US president, and his friendly attitude towards cryptocurrencies is seen as a potential positive. Rival Harris' attitude towards cryptocurrencies is unclear, and the market continues to wait and see.
ETF fund inflows:
Traditional funds flow into the crypto market through ETF channels, providing support for multiple parties.
Market trend forecast:
The Air Force currently has an advantage, and the market may need about 1 month to digest the existing pressure. Once the air force is released, the multi-army may launch a counterattack.
Market analysis is for reference only, and investment decisions should be made with caution.
