I just reviewed the entire month of June. Bitcoin had only less than one week of positive lines in June, with an adjustment range of 16%.
Bitcoin has basically pulled back to the lower edge of the entire box and received strong support at $60,000.
Other altcoins have seen even more disastrous declines…
The generality has been cut in half!
Will Bitcoin fall below $60,000? Many friends are bearish if it falls and bullish if it rises. They have no direction at all...
In fact, whether Bitcoin can break through 60,000 US dollars is not the most important thing. After all, it will eventually go back up.
It's nothing more than playing for a month, or a month later.
The fear index, an important reference indicator now, has basically returned to 30, indicating that the vast majority of people in the market have already left or are not optimistic about the future market.
But we still have to have confidence. After all, we are all veteran investors with more than 8 years of experience and have experienced this kind of market conditions too many times.
It's already muscle memory...
My point of view remains unchanged at this time. For those friends who still have funds, it is another opportunity to reverse and pick up others.
The worst direction of the entire market basically cannot fall any further, so it can be basically confirmed that it is the bottom range.
The market has its own balance adjustment mechanism, which is also an important feature for judging the bottom range in trading psychology.
There is an Ethereum s1 registry to be passed in July, and it is said to be delayed until July 8th.
The European Cup will end on July 15th!
May was poor, June was desperate, and July was a turnaround. I hope I can bring more money back to everyone’s account in July.
The first week of July is about to begin. There will be a lot of data to be released next week, the most important of which is the non-farm data in the first week of each month.
Now the whole world is waiting for the Federal Reserve to cut interest rates. The United States is the only one that is doing well. Central banks around the world are holding their breath. The Japanese exchange rate has fallen below 160, and our RMB has also broken through the important mark of 7.3.
The pressure is quite great, but fortunately there is enough room for decline at present, which is much better than staying at high levels, and the risks have been almost released.
Now everyone is ready, except for the east wind...
As long as the interest rate cut cycle begins, everyone's good days will come...
Review and adjust positions more often. The one with the largest unlocking recently is WLD. WLD will usher in a large amount of linear unlocking next month, with 6.62 million unlocking per day for 730 days.
This WLD is a project of Ultraman Sam. There is no problem with the fundamentals of the project itself, but the main problem is that the market value is too large at present.
According to this unlocking time, it is really difficult to get up in a short time, so some friends still avoid it.
Let’s share these today!