What does the new high for gold mean? 1. BTC.D will stabilize and rebound, BTC will start siphoning liquidity from altcoins again. Bearish on altcoin trends for the next one to two months. 2. Risk assets are under pressure. Although the Nasdaq keeps hitting new highs, the magnitude of those highs is getting smaller. Leading sectors like AI and crypto are losing steam, and the liquidity pressure in the higher-risk crypto market will be even greater. 3. September has never been a harvest season. Hang in there.