The price of Bitcoin suddenly fell below the recent low, causing many people to be unable to bear the psychological pressure and reluctantly sell their stocks. If the goal of those market manipulators (we call them "dog dealers") is just to hoard a large number of chips at a low price before the cyclical bull market triggered by interest rate cuts begins, then they can be said to have won a great victory.
Judging from the news, everyone is talking about the sell-off. The German government, some American institutions, miners, and Mentougou are all selling bitcoins. Among them, the German government's sell-off is public and everyone can see it. Sun Ge even called for direct communication with the German government to see if it can take over these bitcoins through over-the-counter transactions to reduce the market impact. The sell-off in the United States may be more covert and carried out in batches. The sell-off in Mentougou is a fact that has been set in stone. Miners can no longer afford the low price, so they shut down and sell the bitcoins in their hands. This sell-off is actually coming to an end.
This decline in Bitcoin will lead to a sharper decline in the altcoins. Again, if you believe that the bull market is still here, then just be patient; if you still have a soft spot for altcoins, such as the altcoins that you have been paying attention to but "cannot afford" some time ago, then you can also consider picking up some in batches.
At the current stage, the market is still volatile. As for how long this volatile market will last, it is hard to say. For the short-term trend, let's look at the US non-farm data and unemployment rate data on July 5 (8:30 pm Beijing time). The long-term trend remains optimistic.
If you like to do short-term trading, then whether you use fundamentals, news, or technical aspects, it is recommended that you develop a trading methodology (trading strategy) that suits you.
If you can’t stand such market fluctuations, then you must learn to control your trading emotions and don’t follow the crowd. If you are struggling to make a choice, just choose BTC/ETH. This is the investment path that is least likely to go wrong in the crypto field. The rest is up to time and patience.
Most people will never be able to own 100 bitcoins like they did 10 years ago. Most people also seem unable to hold 1 full bitcoin forever after 2025.
Why are they called retail investors? Because they always cannot hold on!
BTC
Two clear ideas:
1.H1 price rebounded and broke through 59100, causing structural destruction, and then fell back to seek a rebound!
2. After the price falls below 56500 to hunt for low liquidity, pay attention to the small-level M15 buying opportunity! If it doesn't appear, keep waiting!
ETH
1. The price rebounded and broke through 3170, destroying the H1 structure and then falling back to seek a rebound.
2. If the price breaks down to the 2960-2860D1 demand zone, pay attention to the M15 buying opportunity. If it does not appear, keep waiting!
SUN
The price has reached the H4 demand zone of 127-122, pay attention to the M15 buying opportunity! Rebound pressure is 134-136!
The information and data involved in this content are derived from publicly available materials, and we strive to be accurate and reliable, but we do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and you are solely responsible for investing based on it!
