What will the market do next? 1. In the big cycle, before the Federal Reserve cut interest rates, it was rumored that Powell was ready to resign, and his successor as the chairman of the Federal Reserve had already been arranged by Trump. In order to create economic prosperity during his tenure, the chairman of the Federal Reserve arranged by Trump would cut interest rates in a radical way, leading to BTC being pulled to $150000 or more. The Trump family and close aides spent 8 to $90000 in the trade war during the period of profiteering, so that their families and close aides could make a lot of money. 2. The average cost of BTC determines the subsequent direction. The lower the average cost, the higher the market trend and the greater the risk. Conversely, the higher the average cost, the greater the potential for future market trends. BTC has 30% of its chips, distributed around $100000, and these people are currently only making 10%. If they make nearly double their profits, they will consider taking profits and smashing the market. Today, Metaplanet announced that it has purchased 797 BTC at a price of approximately $117451 per Bitcoin, with a total transaction amount of approximately $93.6 million. It can be seen that institutions are still adding positions. 3. It's not yet time for retail investors to go crazy in the market. Over the past six months, they have been cutting BTC and institutions have been increasing their positions. At the peak of a bull market, retail investors often go crazy and buy gold, just like two months ago when they used their credit cards to buy gold and successfully stood at the top. Now in the cryptocurrency circle, retail investors have just regained their senses and found that BTC hasn't fallen below 60000 but has risen. Gouzhuang continues to pull the market and continue to rise. When everyone borrows to chase higher prices, it's the peak of the bull market. In addition, in the last two days of last week, ETFs received inflows of $1.1 billion and $1 billion respectively. On chain data shows that the exchange has finally received stablecoins since June 27th, and BTC stock has not significantly increased. Everything is just beginning, so be patient and hold on.