What does a new high in gold mean?
1. BTC.D will stabilize and rebound, BTC will start to absorb altcoins again, bearish on the altcoin trend for the next month or two.
2. Risk assets are under pressure; although the Nasdaq has been reaching new highs, the extent of these highs is decreasing. The leading sectors, AI and crypto, are both losing momentum, and the liquidity pressure in the crypto space, which has a higher risk appetite, will be greater.
3. September has never been a harvest season, just hold on.
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