Bitcoin falls below $58,000, spot trading may be a good time to get on board!
In the historical performance of Bitcoin in June, the average value in the past five years is -6.69%. In contrast, July often has a good increase. In addition, the foreseeable Ethereum ETF will be passed in July. Currently, BTC has fallen 18% compared to this year's high. Many altcoins have also suffered a sharp drop of more than 50%. Based on these backgrounds, buying spot in batches during a panic drop is a good long-term investment strategy.
As the second largest cryptocurrency after Bitcoin, it is also known as the king of altcoins. The ETF is expected to pass soon, and this bull market has not yet broken through the previous high. On the chain, we can see that whales are continuing to increase their positions. For example, the famous Sun Ge is continuing to buy. This decline is a good time to buy, and it is optimistic in the long run.
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In the RWA track, ONDO can be said to be the leading coin. It is one of the hot new directions of this round of bull market speculation and is favored by many institutions. The price has been rising steadily, and the declines in many major declines have been relatively limited. It is currently in a top contracting triangle pattern. Nearby 1.063 is an important support. If it holds, it will start to rise. You can consider holding a part of the spot position.
SOL has seen the largest increase among many value coins, achieving a more than ten-fold increase, and its trading volume when active has exceeded that of Ethereum. The on-chain ecology is very rich, with the MEME ecology being the main one. In addition, more than 20 institutions are working hard to apply for ETFs. I am optimistic about it in the long run, and spot is a very good entry point.
No matter it is a bear market or a bull market, MEME coins can always come out of it. PEPE has risen from the bear market and achieved tens of thousands of times of returns, outperforming traditional MEME coins such as Doge and shib. It is also the hottest MEME coin at present and has a trend of impacting the MEME leader. The decline in this round is large, so spot trading can be considered.
The above spot targets are my personal opinions, you can refer to them for selection. This round of bull market is different from others. Too many traditional institutions and large funds have begun to join in. There are fewer and fewer short-term opportunities to get rich in the market. In the long run, high-quality targets will definitely come out. You must be patient, respect the market, and stick to your heart.
