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The cryptocurrency market seems to be at a critical turning point, with several factors indicating that August could be an important time node.
First, the macroeconomic environment may experience favorable changes. The market anticipates that the Federal Reserve might signal easing in September, which usually impacts market trends in advance. At the same time, political factors may also have an influence, such as Trump's campaign activities potentially increasing attention on encryption. In addition, the potential implementation of stablecoin legislation and Ethereum ETFs could positively impact the market.
From a technical perspective and capital flow, there are also some interesting signs. The fluctuation of Bitcoin around 110,000 may suggest that major funds are beginning to accumulate. Other mainstream encryption currencies such as Ethereum and Ripple have not yet shown significant increases, which may indicate potential for catch-up gains. It is worth noting that large capital may have started building positions at the end of July, and a rally may occur in mid-August.
Historical patterns are also worth noting. The bull markets in 2017 and 2020 both accelerated in August, and the current market may be in a phase where Bitcoin and other mainstream encryption currencies are rising in turns.
If investors miss the current low entry opportunity, they may face higher entry costs. The market expects Bitcoin to stabilize in the range of $130,000 to $150,000, Ethereum may surge above $4,500, while cryptocurrencies like Ripple could see more drastic increases.
Overall, the current market seems to be at an important time window, and investors need to closely monitor market trends and make informed decisions. However, the high-risk nature of the encryption currency market cannot be ignored, and investors should act cautiously and manage risks effectively.