Currently, many investors are skeptical about the bull run, believing that the current macro environment is unfavourable for market development. Whether the Fed lowers interest rates or not is interpreted as unfavourable information. Moreover, the uncertainty of the China-US trade relationship also confuses investors.

However, from another perspective, the Fed's decision to not cut interest rates at this time actually implies the possibility of a future rate cut. This expectation itself is a favourable factor, as the market is always trading on expectations. As long as the expectation of a rate cut exists, bullish sentiment will be supported, and the tone of the bull run will continue.

It is worth noting that the market often reacts in advance. If a rate cut is likely in September, funds will position themselves early. Therefore, when the actual rate cut occurs, it may instead be a moment of unfavourable information realization and sentiment clearance. This means that if one waits for the favourable information to truly materialize before entering the market, they may have already missed the best opportunity.

From a macro perspective, this round of market movement may have already begun. Macroeconomic factors are often used as tools to control market sentiment, while the real trend has already formed. By the time investors realize this, they may have missed the best entry opportunity.

Therefore, the current investment strategy should be to follow the trend, not to go against the macro trends, nor to act as a counterparty to the main capital. Once a trend is established, it usually does not end easily. The market leaders need time to let retail investors repeatedly guess whether the bottom has been reached, and at the top, they will also make investors constantly speculate whether it has not yet reached the peak, in order to accumulate chips.

In terms of the current market situation, Bitcoin may be approaching a temporary peak, but the overall trend has not yet ended. Market sentiment is still in a period of hesitation over whether it will be a 'rebound' or a 'reversal'. Next, it may be the turn of other cryptocurrencies to perform actively, which is still worth paying attention to and looking forward to.

Investors should remain vigilant, closely monitor market trends, manage risks effectively, and also not miss potential investment opportunities.