For Lao Bao's speech on Friday, the market is now holding its breath and waiting silently. Thanks to the positive news that the Federal Reserve hinted at a rate cut last night, Bitcoin and altcoins rose collectively! I haven't seen a general rise of 10 points in altcoins for a long time, and I cried!
Looking back on the past few months, the market has poured cold water on us who dream of getting rich in the bull market: no asset rise is not accompanied by a pullback. Adjustments are healthy, and a strong bull market will be established by rising after falling.
In each cycle, $BTC will rebound and be rejected several times at its previous highest price before a strong breakthrough occurs. Because old investors sell to take profits, new investors buy in.
Investors who bought Bitcoin in the $50,000 and $60,000 range will not sell at $73,000. They will hold BTC for longer in the hope of making huge profits.
Whales have been hoarding in the past six months! In the darkest month of July, whales bought $4 billion worth of BTC at the fastest rate since April 2023.
