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Dare to trade. Dare to win.
The market is usually not very good in August every year. In the bull run years of 2021 and 2024, there were high volatility and even pullbacks during this time. August is traditionally the summer break for the crypto market.
My judgment is also very clear now:
BTC is likely to continue to decline in August, with sideways movements and slow drops as the main theme, not much excitement.
However, I am optimistic that ETH will surge before August, especially since it broke through 4000 these past two days. The Layer2 ecosystem is warming up, and capital inflows are evident, giving a feeling that the second in command is about to make a statement.
But note that I am more inclined to think that this wave of ETH soaring will lead to a major market pullback, likely around mid-August.
My strategy is simple:
In August, my strategy is not to chase highs or cling to battles, but rather to wait for the ETH to explode and then short altcoins.