What is the current market situation and what should we do next?
1. Carefully examine whether the currency you hold is a potential currency? Or is it the leader of a certain sector?
If the currency you hold has long lost its popularity and has little potential for future development, you can appropriately change your position to some high-quality strong currencies without losing money. However, if you are deeply trapped, don't rush to sell your position, and wait patiently for the market to reverse before selling it.
2. One thing is certain, the bull market is still there, and the end of this bull market is not a bear market. Don't listen to the market. The interest rate cut has not started, and the bull market is far from over. Remember not to sell your position easily.
3. After this round of rebound, what we need to do is to adjust the position appropriately and re-arrange the high-quality popular currencies. The next cottage season will start again.
Many people are wondering whether there will be a bull market for cottage coins in this round? I can say for sure that there will be a cottage bull market, and historical experience tells us. In the cryptocurrency circle or in the bull market of stocks, there will be sector rotation. The core of sector rotation is actually the rotation of funds.
As you can see, the price of Bitcoin has reached the 70,000 mark. So the hype of ETF approval has basically come to an end. The next stage will focus on the approval of Ethereum ETF.
The approval time is probably July 2, which is a time node, and August 2 at the latest because BlackRock will apply for ETF on August 2.
As we all know, BlackRock's ETF has a very high success rate in history. The BlackRock ETF in this round of Bitcoin also gave us a precedent.
If you have a large capital position, Ethereum will go down from 3,400. For every $100 drop, you buy 10% of your position. If it drops by $1,000 to $2,400, you will fill your position.
Currently, the currencies that I focus on when the market dips are: SOL, ENS, PENDLE, SSV, RNDR
In addition, I will use 20% to 30% of the funds to rotate the altcoins. I don't think you will necessarily become very rich in this round, but it is no problem for your wealth to increase three to five times.
