Fed to Release CPI Data Tonight, Accumulate Positions Before August 20th, Bull Market in the Second Half is Imminent!The Federal Reserve will release July CPI data at 8:30 PM tonight, which will directly impact market expectations for a September interest rate cut and have a significant impact on the crypto market. The market currently lacks liquidity, and hot topics can be manipulated
Fed to Release CPI Data Tonight, Accumulate Positions Before August 20th, Bull Market in the Second Half is Imminent!
The Federal Reserve will release July CPI data at 8:30 PM tonight, which will directly impact market expectations for a September interest rate cut and have a significant impact on the crypto market. The market currently lacks liquidity, and hot topics can be manipulated. As long as liquidity picks up, hot topics will naturally emerge. Based on the expectation of significant improvement in liquidity in Q4 and 2025, and the boost from elections, Bitcoin is expected to break through the $100,000 mark at least.
Although Bitcoin rebounded strongly yesterday, the positive candle did not completely engulf the upper pressure of the negative candle on the 11th. Volume was larger than the day before, but the price did not break through, indicating that the bears still have the power to resist. The short-term trend is still upward, but looking at the trend from the daily cycle, the high point of this rebound is expected to be around $67,500.
In terms of altcoins, external institutions predict that they will only return after Bitcoin and Ethereum break through $70,000 and $4,000, respectively. The rise of Bitcoin and Ethereum driven by US dollar liquidity by the end of the year will lay the foundation for the return of altcoin mania.
Current market sentiment has high expectations for the upcoming trend, and tonight's CPI data release will directly determine whether the September interest rate cut will proceed as scheduled. Therefore, it is essential to reduce leverage and strictly prevent being maliciously stabbed by a pin, causing stop-loss orders or even liquidation.
Focus on the key level of $64,000, which is the daily MA120. Once broken, the overall trend will return to the uptrend channel, signaling the complete end of this pullback.
Ethereum's ecosystem is robust, with numerous successful implementations and real-world applications. Compared to Solana, Solana is more about meme hype. However, overall, the altcoin trend in Solana is worth seizing.
Four factors that could lead to an explosion in Ethereum:
1. Fund inflows from ETFs;
2. Phenomenal applications of Layer 2;
3. Birth of new gameplay;
4. The boom of SocialFi.
The current market is like a chaotic, unopened world, where pessimistic voices are like fog, causing people to lose their way. But the main players' shakeout is like a gale, blowing away the fog. We need to seize the last chance to accumulate positions, like stocking up on food before a storm, waiting for the market recovery brought by interest rate cuts.
Here are specific operational suggestions:
- Reduce leverage and strictly prevent liquidation;
- Focus on the $64,000 level, a breakthrough signals the end of the correction;
- Accumulation period: Fully loaded before August 20th;
- Holding period: Until the beginning of next year;
- Seize the altcoin trend in Solana.
Summary:
While the current market is shrouded in fog, the bull market is not over. With the approaching interest rate cuts, a bull market in the second half is imminent. Stay confident, be patient, and the flowers of future wealth will surely bloom!
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