There are two core reasons for the rebound of altcoins. ▍(1) BTC is not at a high level, so there is room for altcoins to play. ▍(2) BTC is under selling pressure, and everyone knows that Mentougou is going to crash the market.
Some funds will flow from BTC to ETH and other altcoins.
From the on-chain data, stablecoins have repeatedly flowed in and out, and the market is quite divergent. Some large funds have withdrawn and fled, while some large funds continue to recharge. After the rebound, a large amount of BTC was recharged to the exchange. Since there will be a hammer of Mentougou unlocking in early July, BTC will further pull back. Previously, everyone closed the BCH short position.
BCH will continue to short after another wave of rise.
Now is the best time to lay out altcoins and ETH. There may be a pullback, but just hold it. Make up for it once it falls by 5%-10%.
As long as it is not Heyue, hold the spot and wait to make money. If you don’t lay out now and short it, you will easily miss the opportunity.
