Recently, the U.S. stock market has experienced dramatic fluctuations, causing all kinds of investment products, including cryptocurrencies, to suffer heavy losses. In particular, the price of Bitcoin plummeted directly to $25,000, and then rebounded slightly and stabilized at around $26,000. The current market performance is relatively sideways, so many people have begun to be bearish and predict that Bitcoin will fall back to around $10,000. I do not completely reject this view, but I think the strong support position of Bitcoin is now around $25,000, so I personally judge that Bitcoin is likely to maintain this level in the short term.#BTC

However, whether the market is rising or falling, I never recommend full position operation, but advocate grasping the important investment links. Paying too much attention to short-term details will have a negative impact on transactions and even lead to losses. Therefore, I am optimistic about the future market and believe that the next two years will still be the most profitable time in the cryptocurrency circle. The underlying logic of the bull market remains unchanged, although it may be delayed, but the bull market will never be absent. As long as we stick to this belief, focus on cash returns, and look forward to the market crash, our focus will be on finding the perfect entry time. $BTC

In the short-term market, after nearly two weeks of adjustment, the market has entered the triangle adjustment area again. In the short term, it is difficult to break the super strong support position of $25,000 again. If this position remains strong support, I will participate in long orders moderately (I mainly operate spot, and may not be familiar with other trading methods such as contracts, so please consider it carefully). Whether it is a pullback or a direct breakthrough, this position can be deployed on a small scale, and the waiting time will not be too long.

For spot investors, what are the favorable opportunities to participate in altcoins in the near future?

First, FXS will enter RWA after the FRAXV3 upgrade, and frxethv2 will fully decentralized verification and be applied to FraxChain's Gas. $FXS

Next is GNS, which is likely to undergo a token economics update on September 1, adding 14% of tokens, which will bring more benefits to GNS holders, expected to be more than 30%.

In addition, LBRv2 will also be upgraded, which is scheduled to be completed this month.

SNX v3 will be deployed on Base on the 20th. With the help of Chainlink, it will be able to run better on the Ethereum mainnet, OP and Base.

In addition, OP will be launched on the OPBNB mainnet and is expected to be open to public users in late August or early September. $OP

On the macro front, the approval of the ETF has become the focus of market attention, but the result may not be known until September or October. If there is no result this week, the September option will be ruled out. Market movements often react faster than news.

From a technical perspective, there are a lot of favorable factors brewing for Ethereum in the second half of the year. The cooperation between OP and Base is only the first step. Arb and some Zk chains may follow up, which will provide opportunities for transactions on the virtual level.

In addition, if BTC does not continue to fall in the future, BTCD (Bitcoin market capitalization share) should theoretically increase. Although the decline of BTC is not large, the slight increase in BTCD indicates that the market sentiment dominated by contracts in the exchange is still poor, but it may also mean that some scattered small projects are beginning to experience sharp rises and falls, which may be a good start.

It should be noted that the market capitalization of some popular on-chain altcoins is relatively high, and as large institutions withdraw, the probability of their continued surge is questionable.

In general, macro factors have little impact on the market, funds are still flowing out, and the pressure to unlock is still high. In the short term, altcoins may mainly fall, but we must believe that "after the storm, the sun will shine on us". When liquidity hits a low point, a market change is about to come.