Standard Chartered's latest report predicts that Bitcoin will hit a historical high of 135,000 US dollars in the third quarter, mainly driven by the expectation of a Federal Reserve rate cut in September and ongoing inflows of liquidity. Currently, the market generally believes that a rate cut in September is almost a foregone conclusion, which will further stimulate inflation in risky assets. As a liquidity-sensitive asset, Bitcoin may usher in a new round of strong bullish sentiment.
Currently, Bitcoin is still in a phase of volatility adjustment, with a 4-hour fluctuation range between 103,000 and 110,000, and has yet to form an effective breakout. Tonight's non-farm payroll data and the potential positive policy statements from the Federal Reserve on July 9 may bring short-term volatility, and the market's pullback risk should be watched closely.
However, once Bitcoin stabilizes, meme coins typically experience the most rapid inflation, suitable for short-term trading, while high-quality altcoins are more suitable for long-term positioning, waiting for opportunities for trend inflation.
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