Recently, the Crypto Assets market has experienced a pullback, raising concerns among some investors about whether the bull run has come to an end. However, a careful analysis of the current situation may lead us to a different conclusion.

Recent non-farm payroll data shows that the U.S. job market is facing challenges, with an increase in unemployment and a shortage of job openings, reflecting a poor economic situation. This situation increases the likelihood of the Federal Reserve cutting interest rates in September. History indicates that U.S. interest rate cuts often have a positive impact on Crypto Assets such as Bitcoin.

The price trend of Bitcoin has always been closely related to macroeconomic policies, especially monetary policy. If the Federal Reserve does indeed cut interest rates in September, this could become an important positive factor for the Crypto Assets market. Interest rate cuts typically lead investors to seek high-yield assets, and cryptocurrencies are precisely such a type of asset.

Although some believe that Bitcoin's four-year cycle has ended, the current economic environment may break this pattern. We should not simply conclude that the bull run is over based on past experiences. Instead, we should closely monitor the upcoming changes in monetary policy and their potential impact on the market.

Overall, despite the market experiencing a pullback, based on the current economic situation and potential policy changes, we have reason to believe that the upward trend in the Crypto Assets market may not be over yet. Investors should remain vigilant and closely monitor economic indicators and policy developments, rather than hastily concluding that the bull run has ended.