The main contradiction in the cryptocurrency circle is the contradiction between retail investors who do not make money in the cryptocurrency circle and CEX/project parties/VCs who make money:

Recently, there are 3 loud voices:

1: There is no bull market for altcoins

2: The profiteering is over

3: The coins listed on Binance are all high-level nesting dolls

These three voices translate to: Retail investors do not make money, they only get cut. The environment where this voice comes from: In a big bear market, when the people at the bottom of the cryptocurrency circle do not make money.

The good news is: This voice is a signal of the bottom of the industry.

The cryptocurrency world is now like a casino. Contracts and local dogs will never end!

At this stage, there are too many projects and not enough leeks. Leeks have just been cut and there is no liquidity. So we have to wait for a few months, let the old leeks run takeout to save some money, and then enter the market. The big bulls have to wait for the United States to cut interest rates and release liquidity before they can go crazy. At that time, there will be a copycat market and a general rise!

But most of the coins will not have a big increase, because there are too many currencies, so many that attention is seriously distracted and cannot form a joint force!

There will be individual sectors that rise sharply, and these sectors are the key to ambush and success!

These opportunity sectors must have the following characteristics:

1. Like the inscription wave, it is innovative. In fact, the inscription wave and the 2020 defi summer are essentially the same.

2. Pay attention to new things. They are the future and the main force of leeks.

3. Meme cannot be ignored.

4. Contracts and local dogs belong to casinos and will never fade away. Except for these two sectors because they both lose money.

Once Bitcoin goes up, it will be smashed down. At present, some miners may be smashing the market, because at the current price, some small miners are difficult to survive. In fact, according to common sense, the time should not be delayed until now. Some unqualified or outdated miners should have been cleared long ago. However, due to the BRC20 and RUNEs protocols, the on-chain handling fees were relatively optimistic some time ago, so the cycle was inadvertently extended.
When the miners are cleared and the new hash power begins to grow, the market will rise again and sprint towards 100,000 US dollars. I estimate that Bitcoin will end the adjustment in July, and then gradually start to rise.
At the current stage, Bitcoin is adjusting, and you must keep an eye on the daily level. Only when the daily level stabilizes, the market will really explode.

The Go Plus Modular Security Faucet project focuses on public chain security and supports more than 20 chains. Security is a feature that every public chain must have. In November 2022, it received financing from Binance Lab and its valuation reached 150 million US dollars. It is a potential project worthy of attention, waiting for it to go online!

Ethereum and its ecosystem have recently received a series of major good news:

First, the SEC has permanently suspended its investigation into Ethereum, which means that Ethereum is no longer considered a security, greatly increasing the possibility of Ethereum ETF approval.

Second, July 2 is the deadline for submission of the S-1 registration document for Ethereum ETF, which is a key node and has attracted much attention from the market.

In addition, August 7 is the resolution time for BlackRock to submit an application for Ethereum ETF, which will also have a profound impact on the market trend of Ethereum.

In addition, the exchange shows a continuous outflow of a large amount of Ethereum, indicating that large investors are actively accumulating this asset, further proving the value and potential of Ethereum.

Therefore, it may be wise for investors to hold more than 20% of Ethereum positions.

In the next two months, Ethereum and its ecosystem are expected to become the main theme of the market.

When the market rebounds 5%

Bitcoin is continuing to verify the key position of bottom support. Again, the important point is to look at the daily level. Once the hotline level signal comes out, the bull market will break out again. So if you like right-side trading, don’t trade before the market has a stabilization signal. If you like left-side trading, then look for high-quality leading stocks to ambush on dips. If these two strategies are strictly implemented, you will make money.

There will definitely be a rebound after the copycat, but as I said yesterday, even if the interest rate cut is released, it will only flow into the hot projects in the market, and most of the coins will only hit new lows, which is different from the way things were in 2020.

There are more and more new projects launched, which dilutes the liquidity of the market itself, resulting in a worsening money-making effect. This is why our current circle may become more and more difficult in the future as the cycle develops. Because, in the absence of changes in macro factors, the current market is actually in a state of stock game. Whether the Fed cuts interest rates is the key factor for the bull market to come. In the absence of actual funds entering the market, this wave of many cottages has hit historical lows again! There is no sign of stopping the decline at present, mainly due to insufficient liquidity, and the takeover is indeed limited. Many valuable labels have fallen below the previous lows, which is really miserable! So, don't gamble, it will definitely not fall far!

Although Bitcoin has support near 64,000 in the 4-hour level, this support is too weak and is not worth referring to at all. At present, if you want to judge whether the macro trend has ended, you have to look at the daily level. The current daily trend is not optimistic, and there is no support or stabilization signal, so it will take time.

The adjustment of the market is also the best opportunity to get on the train again. Of course, you have to make your own judgment on the future trend. For example, what track do you like, and then look for the leader of this track. If the valuation is reasonable, you can consider slowly laying out. If there is no suitable target, you might as well wait patiently, and there will be opportunities.

The SEC has permanently suspended its investigation into Ethereum! This means that Ethereum will no longer be a security risk, but a true cryptocurrency!!!

BTC's ETF data is currently flowing out at a value of 100 million per day, so it is difficult for the market to see the bottom in the short term. Only when there is outflow data will there be a probability of breaking through the bottom. It is still too early to buy the bottom at this time!

Wall Street News directly said that altcoins are garbage dumps, and this bull market is led by Wall Street institutions. The altcoins have fallen so much, but the total market value of altcoins is still at a historical high.
In the last bull market, new coins were generally listed with a market value of tens of millions, while in this bull market, new coins are generally listed with a market value of hundreds of millions, and there is a continuous unlocking. So far, there has been no new ecological hotspot in Ethereum. The last round was NFT, what is this round?
In the past, retail investors speculated on coins randomly, but this round of institutional entry will not speculate on coins blindly. Coins in the AI ​​sector? Are there any landing applications? In the past, retail investors did not consider or turned a blind eye to the problems, but institutions will consider them.
In the long run, the bear market of altcoins is actually a good thing for altcoins, which can allow projects that really do things to break out. If all the future is to speculate on MEME and take advantage of hot spots, altcoins will really become a real garbage dump. In this case, there will be no general rise in the altcoin market. After this round of plunge, institutions will only pull coins with real potential and find treasures in the garbage dump.

Ethereum is expected to pull back to around 3150, and you can enter the market then depending on the situation. Altcoins may be slaughtered recently, and it will be painful for those who hold altcoins for the long term. But don't worry, it will rise back in the future. I have explained the logic before.