So the market has reacted according to our expectations, what is our next plan?
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DangNFT
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Bearish
My expectation is that Total3 will not break support at 570B. Currently, BTC is still very uncomfortable, testing the bottom continuously. The first days of July will be extremely important.
- If ETH ETF is approved, the market will recover well and ETH Eco will be most prominent with L2, Restaking, AI, Meme projects. Last time I said it was the bottom because I believed this was the case.
- But in hindsight, if the ETH ETF is rejected, the market will have a new bottom, BTC will return to the 5x area and Total3 will have to expect a stronger support at the 500-520B area, corresponding to the altcoin will decrease by about 30% from current price range. If this happens, Q3 will be really difficult, Q4 will be the next round of approvals + US presidential election => the market will not recover well until Q1/2025.
- Another possible scenario is that $BTC will collapse 5x next week, altcoins will drop 20-30% of their current price, causing fear and sell-off for the entire market. Then in early July, the ETF was approved and the market recovered => a "cruel" price drop.
Those are the scenarios we see, but the most important thing is our most optimal action
What is that?
- If ETH ETF is approved, the market will recover well and ETH Eco will be most prominent with L2, Restaking, AI, Meme projects. Last time I said it was the bottom because I believed this was the case.
- But in hindsight, if the ETH ETF is rejected, the market will have a new bottom, BTC will return to the 5x area and Total3 will have to expect a stronger support at the 500-520B area, corresponding to the altcoin will decrease by about 30% from current price range. If this happens, Q3 will be really difficult, Q4 will be the next round of approvals + US presidential election => the market will not recover well until Q1/2025.
- Another possible scenario is that $BTC will collapse 5x next week, altcoins will drop 20-30% of their current price, causing fear and sell-off for the entire market. Then in early July, the ETF was approved and the market recovered => a "cruel" price drop.
Those are the scenarios we see, but the most important thing is our most optimal action
What is that?
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