Will there be opportunities after the plunge? There are plenty of opportunities at high altitudes now! ! !
1. Overall market dynamics:
Bitcoin has experienced a sharp drop, and other cryptocurrencies have also fallen.
The U.S. stock market has performed strongly. Affected by Trump's trading strategy, the U.S. dollar has strengthened and U.S. bond yields have risen.
2. Possible factors affecting the market in July:
The approval process of Ethereum ETF has been delayed, and the SEC requires resubmission of materials before the 8th. Despite the delay, it is expected to be approved in early to mid-July. It is worth noting that big investors like Sun Ge did not sell after buying at 3000-3100 points.
3. About the Mentougou incident:
News reports indicate that the incident will begin to ferment in July, but the specific market pressure and whether the selling pressure will be released all at once or gradually need to observe market dynamics.
4. Macroeconomic data observation:
Focus on the non-agricultural data on the 5th and the CPI data on the 11th. Looking back at April and June this year, the two sharp declines in altcoins were triggered by negative macro data and lasted for a long time. The market speculation about interest rate cuts usually precedes the actual rate cut by 2-3 months. If the July data is optimistic and the rate cut may come in September, then we may be able to expect a wave of local good market conditions between July and August. On the contrary, the expectation of good market conditions may need to be postponed for another 2-3 months.
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