Investors who talked about Bitcoin for $1 million, like Katie Wood, Robert Kiyosaki, have already changed their shoes. Buffett sold out too. Let's look at the monthly and weekly charts:
MACD, RSI, WR — volumes are falling!
For the month to look more optimistic, #ETH needs to close above $3250, but it seems to me that it is doomed to go below $1800 😈
#BTC — must go above 64.6k for the month to be better. It seems that #Bitcoin makes false upward exits to cross EMA7 and EMA25, and the picture of August 5 will repeat 🤸🏻♂️
If inflation is reduced, then each product will come to its adequate price before the bull run at the end of the rate cut. Bitcoin and Ethereum are recognized as commodities, so a long correction seems logical to me.
