On Tuesday evening, Fitch lowered the credit rating of the United States, and the US stock market fell in response after the opening last night. The cryptocurrency market followed suit, and short-term market fluctuations occurred again. In a bear market, such situations frequently occur, and amidst the current bullish voices in the market, the viewpoint is to wait and see. Economic recession often occurs during a period of interest rate cuts, and the bull market still needs to bend once more.
August is destined to be an extraordinary month. The United States is preparing to sue BN, which may be a trap set by the Wall Street institutions that spare no effort to suppress prices and pave the way for the harvesting institutions. The US debt has already constituted a substantial default, and this time the target is Japan. There are reports that the United States has refused to repay Japan a total of $284.2 billion in maturing debt.
BTC: Short-term rebound, with the upper pressure range at 29900-31100. This kind of rebound is short-lived and marks the end of the upward trend that began in November last year. Positions should not be increased, and one should not linger in battle, but rather prepare for the trend callback in the second half of the year.
ETH: Linked but weaker than BTC, with the upper pressure range at 1870-1890.
LTC: The mission may have been completed.
BCH: This can still be expected. Any market rebound cannot be separated from the leadership's influence.
Regarding value coins, the viewpoint is that some leaders (refer to the content of the previous articles) can launch a lightning attack. It is best to complete the operation plan before the 8th. There should be another cleanup of the altcoins in the second half of the year, with a scale not lower than the encirclement in May or June, which must be taken seriously.
Message: If you expect success, consider time as a good friend, experience as a counselor, faith as a brother, and cognition as a sentinel.
Regarding the Aicoin community public account, free use of AI analysis tools to grasp the trend of spot contract trading.
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