Will it go even lower?

Last night, BTC fell to the level of $108,718, effectively negating all the growth since July 9th and closing that gap.

This drop was not a surprise for us, especially since we had previously warned that we could reach these levels for liquidity. The correction itself is purely technical, not news-driven – which is good for the market.

It's impossible to say that this is the bottom, as there are risks of going even lower – both technical and seasonal (September is traditionally a weak month) + the Trump effect.

The strength of ETH is still visible, as public companies are greedily buying it back, and funds are accumulating through ETFs.

The narrative of BTC and ETH reserves is gradually shifting to altcoins, where we see more and more public companies willing to buy for reserves: SOL, HYPE, BNB, IP, PENGU, etc. Perhaps it is they who will launch the altseason in the future.

For now, it's probably better not to rush into positions and see what happens next. Although the risk/reward (R/R) for some tokens is really good: if you have a plan for accumulating on the spot, then in principle you can take some first part, and then continue with DCA.