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The volatility of the cryptocurrency market continues, and it is expected that the market will continue to show a fluctuating trend in the coming week. Bitcoin may attempt to break through the current high point again, but a correction may follow, and it could even dip to last weekend's low point level. Ethereum may also attempt to challenge its all-time high, but it may face a significant correction afterwards.
However, the market may hit a bottom around August 18, followed by a strong upward trend. In the long term, a temporary peak might occur in early September, immediately followed by a significant correction. It is worth noting that after the Federal Reserve FOMC meeting in mid-September, if there are signals of interest rate cuts, the market may rise again, reaching new highs, and this upward cycle could last until early October.
Combining the current market trends with previous predictions, the cryptocurrency market may reach its peak in early October. However, it is important to emphasize that predicting market trends from the current position while considering time factors is very challenging. The actual market direction requires us to closely monitor every change, and this analysis is for reference only; investors should make cautious decisions based on their individual circumstances.