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Bullish factors: (1) There is a high probability of the Fed cutting interest rates in September, followed by further cuts in November and December.
(2) The United States announced the (BTC Act) to establish a plan to purchase BTC as reserve assets, but the specific implementation remains to be seen.
Unfavourable Information factors: (1) The U.S. stock market has peaked, and the off-market cash levels of U.S. stock investors have hit a historic low, which is insufficient to support, triggering a major sell-off that will drag BTC down.
(2) Mt. Gox's BTC is still a looming sword, with massive selling pressure. We're afraid that a major dump could cause a collapse. Slow dumping may continue until after October, so there will be heavy pressure in the next two months.
After the listing of ETHETF, it turned out to be a major Unfavourable Information. Grayscale still holds 2.5 million, which puts tremendous pressure on it, and it will definitely not break through in the short term.
BTC will inevitably experience large fluctuations.
Altcoins only know how to be shady and not rise. BTC fall is falling, and BTC rise doesn't rise by even 2/3 points.