On July 9, the tariff truce imposed by the "orange orangutan" of the White House expires. The European Union now faces a 50% tariff on all its imports. This megalomaniac narcissist sees in this scenario a juicy opportunity to destabilize the markets, something he has managed to exploit along with his circle of millionaires. Just a few hours ago, they managed to impose a law where the rich pay much less tax while the poor pay more. To this is added the loss of medical coverage for 40 million Americans.
It is advisable to stay very alert. A deliberate move is already emerging to take BITCOIN to 88 thousand dollars, perhaps 82 thousand or, in the worst case, 72 thousand. It is an inevitable, cyclical event, a door that opens for the rich to buy BITCOIN in large quantities, along with institutions. This accumulation will further deplete the circulating supply, positioning BITCOIN in November or December at the longed-for 130 thousand dollars. No further. Why? Because there simply isn't enough liquidity in dollars to push it higher. This is mathematics, not speculation.
As for the ALTCOINS, you can already imagine what will happen if BITCOIN suffers such a drop. Those who are caught accumulating them will lose so much that it will be impossible to buy back when they drop even more than expected. We will see TAO (BITHERSON) below 100 dollars; Avalanche at 7 or 9 dollars; INJECTIVE—which we have already seen at 6 dollars—below 3. Banana 🍌, which reached 10.40, may return to its historic low of 1 dollar, or maybe 3 or 5. Coins like FET could fall to 10 cents. We have experienced this before, although not with such pronounced drops. But don't forget that FET reached 30 cents.
It is a grim but likely scenario. That's why I insist: take profits and wait for the next drop. ALTCOINS, when they fall, do so following a pattern: a slight recovery, and then continue to decline. It is an emotional manipulation. Just when we think we have bought at the best price, they fall again, time and time again. That's why it's better to forget about the account for at least 72 hours until the market hits bottom.
There are coins that will withstand the storm. I will talk about that very soon.
When will all this happen? According to my perception, in August we will be "swimming in ice" 🧊. After a rise in the middle or toward the third week of the month, the nightmare will arrive. Those who have patience, take profits and do not let themselves be influenced by paid YouTubers or fake news, will be the ones who reap the rewards of this struggle against FOMO. And to overcome it, the best thing is to have the money in USDT and disconnect from the app.
It's worth taking the risk. There isn't much to lose. The market is a carousel, yes. But a carousel controlled by the powerful apes of a perfectly manipulated economy.
THIS IS NOT A PREDICTION.
This is my vision of what is coming. There will be signals, and one of them will be a rise designed to generate FOMO. When you see that trap, you will know that the BITCOIN cycle over 100 thousand dollars has come to an end.
It is a real possibility. And we must be prepared.
Giorgio Sferraza