Market Analysis and Trends - Crypto market experienced volatility with Bitcoin fluctuating around $123,000 and $117,000, hinting at a potential major trap [1] - Old coins have shown strength, with yearly gains of XDC over 200%, XLM over 300%, Link and Algo over 100%, and XRP almost 400% [1] - The crypto market cap is hovering around $4 trillion, with fear and greed index around 57, and old coin season index at 43 out of 100 [1] - Ethereum dominance is approaching the January 4th, 2021 top, suggesting a potential surge in old coin prices [2] Technical Analysis and Predictions - Higher time frame charts are crucial for confirming breakouts, with a focus on weekly candle closes [1] - Bitcoin needs a weekly close above $120,000 to target the next level at $130,000 [1] - Ethereum is close to cracking all-time highs, which could significantly boost the altcoin market [2] - Bitcoin dominance looks weak, while Ethereum dominance is the key focus for market direction [2][6] Economic Factors and Future Outlook - The market anticipates a bullish September due to potential rate cuts by the Federal Reserve [2][7] - CME Group data indicates a 92.1% chance of a rate cut in September, 96.8% in October, and 99.2% in December [2] - Rate cuts are expected to unlock liquidity for markets, potentially leading to a market-wide surge [2]