June Crypto Market Outlook
As we are about to enter the hot June, many people are speculating whether the crypto market will usher in an equally hot bull market. Looking back on the past days, although I faced a lot of doubts and ridicule, I always believed in my judgment. In the crypto world, cognition and decision-making are closely linked. What I see is what I believe.
For the seemingly simple operation of "bottom fishing", the real challenge lies in risk control and the timing of shipment. But unfortunately, many people do not realize this, and often suffer considerable losses when they wake up.
Looking back at the market in May, the approval of the Ethereum spot ETF is undoubtedly an important milestone. It has led to a round of rises in Ethereum-related currencies, and the meme series has continued to strengthen. But this is actually just a partial bull market brought about by the rotation of sectors stimulated by the news, and the real comprehensive bull market has not yet started.
So, how will the market evolve in June?
First of all, we are concerned about the S1/S3 approval of Ethereum ETF. If it can be approved and start trading, then under the condition of stable macro sentiment, funds are likely to flow into Ethereum in large quantities, thereby driving the market of the entire ETH ecological sector, including the meme currency on ETH. Even if the approval is not passed, the overall sentiment will remain positive due to the market's optimistic expectations for Ethereum, and the rotation of the altcoin sector may still be concentrated in the meme sector.
Of course, this does not mean that other altcoin sectors have no opportunities. It's just that compared with the meme sector, they may not have such a large fluctuation opportunity. But in any case, the trend of Bitcoin (BTC) is always the vane of the market. If BTC can get rid of the low position and start to rise, then other altcoins will naturally benefit. And if BTC's increase is limited, then the sector rotation of large funds will be correspondingly limited.
In general, although the crypto market in June is full of uncertainty, as long as we maintain a clear understanding and calm judgment, we can find our own investment opportunities.
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