July has begun, and the new weekly candles/monthly candles/quarterly candles have all started off badly.

The market is likely to fluctuate sideways until September, and enter the re-accumulation stage after the halving. Next, it should continue to clear leverage and squeeze bubbles.

July-September is the vacation season. The bosses of various market makers and project parties are sunbathing in various resorts. The occasional 4h god candles such as ooki and akro are dead cat jumps, clearing the order book and thin depth, and are not used as trend conversion signals.

TOTAL3 (altcoin market value) should not break through $700B before September (altcoin TP3 can only aim at the previous high, and it is unlikely to break through the rising trend). But in terms of the rebound range in July and August, the performance of altcoins is definitely better than that of big cakes and two cakes (after all, many gains have been cleared)

Our trading strategy is still mainly low-buy, eat the dividends of the total3 rebound, and short positions are only used as hedging tools to reduce floating losses in the downward trend.