Market Analysis

As expected. The pullback has arrived as anticipated; on July 22, I mentioned that the market was at its peak. At that time, I said that Bitcoin was very weak, just waiting to sell at the Ethereum 3900 position. Then both fell simultaneously. It cannot be denied that institutions are still continuously buying Ethereum, but they have unlimited resources, which you cannot compete with. Institutions can lower their position costs through long-term purchases. Now, let me predict a bottom: Ethereum around 3000, and for Bitcoin, first look at the support level of 10.9. If it can't hold, then it will go to 9.8. As for now, Bitcoin can enter a small position at 10.9. Then on September 18, interest rates will be cut, starting a major bull run. In August, many altcoins will suffer a significant loss. I will gradually release the altcoin levels, and if you want to ask about any cryptocurrencies, you can leave a message in the comment section.