The cryptocurrency market has recently experienced a period of intense fluctuation. In our previous analysis, we predicted that a pullback bottom would appear at the end of June, followed by a market peak in mid-August, and that it would again hit a low point from the end of August to the beginning of September. It seems that this prediction is gradually coming true.



In late August, influenced by Powell's speech, Ethereum briefly rebounded to around $4900. However, this upward momentum did not last, and the price quickly fell back to around $4200. Notably, despite the pullback, the current price is still above the previous low of $4050, indicating that the market is still maintaining an upward trend.

In terms of Bitcoin, we need to closely monitor whether it can hold the key support level at $108. Interestingly, when Bitcoin hit $108 in June, Ethereum's price performance was drastically different, reflecting the complex interactions between different crypto assets in the market.

Based on the current market trends and historical data analysis, we expect the real bull market peak to occur between mid-September and mid-October. During this period, investors may consider appropriately adjusting their positions based on the actual situation.

However, it is important to emphasize that the Crypto Assets market is ever-changing, and any predictions carry uncertainties. Investors should act cautiously, manage risks properly, and avoid blindly chasing highs or panic selling. Keeping a close eye on market trends and analyzing various information rationally is essential to seize opportunities in this market full of challenges.
ETH5.74%
BTC2.09%
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DaoGovernanceOfficervip
· 2h ago
*sigh* empirically speaking, these market patterns align with nakamoto's 2008 volatility framework...
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CounterIndicatorvip
· 11h ago
Lost money again...
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ForkItAllDayvip
· 11h ago
Have you bought the dip while being bearish?
View OriginalReply0
TradFiRefugeevip
· 11h ago
Just short it.
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DiamondHandsvip
· 11h ago
Adjusting for loneliness, the market looks this bearish.
View OriginalReply0
CommunitySlackervip
· 11h ago
It's a good time to plant suckers again.
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