Let me briefly talk about the market. In the last article, we mentioned that the position of around 54,000 was not far from the bottom, and we told everyone to buy more as the price drops. Don't chase the rise and sell the fall, don't be overly bearish, hold on to the coins if you have them, and pay attention to covering your positions if you have free positions. Just yesterday, Bitcoin broke through the trend line pressure that had been suppressing it for a long time and stood above 60,000, which started a rebound as we expected.
At present, the upper pressure level is relatively clear, which is at 64920. The pressure here is still relatively large. Pay attention to the decline after touching it. However, from the perspective of Ethereum, there are obvious signs of the main force absorbing funds on the disk recently. The on-chain data led by Sun Ge is also constantly increasing its holdings. It is obvious that they are planning the Ethereum ETF market. The altcoins have also adjusted sufficiently, and most of them have fallen back to the key support range. A wave of market is ready to move, and the differentiation trend will start again... In the face of such a situation, I think it is still necessary to decide the strategy according to your own operating style. If you are a short-term thinker, it is definitely okay to reduce your position when you encounter heavy pressure. If you are a long-term investor, you can endure repeated shocks just to fight for a bigger market in the future, then continuing to hold positions and waiting is also the right choice! In a word, you can choose the operating strategy according to your different operating styles! Because in the general direction, the market is likely to be in a relatively early stage, and there will be more stories to tell in the future!
For short-term and swing traders, if you choose to cash in near 65,000, you need to pay attention to the opportunity to step back to around 58,000. If you can get back here, you have to get on board again! In terms of sectors, the Ethereum ecosystem is a must, such as ENA, SSV, EthFi, ENS, etc. These positions are more suitable, of course, holding Ethereum itself is also OK. Meme will still be a sector that is repeatedly active, and Pepe, who is also a part of the Ethereum ecosystem, should not be ignored. SOL has a good trend, and coupled with the potential positive news of the next ETF, SOL and its own ecological currencies have great opportunities. JTO, WIF, BOME are all good varieties. Finally, don't forget the RWA and AI tracks. By the way, the TON ecosystem has shined recently, and both TON and NOT have the posture of rising again in terms of form, so we must pay attention!
Let's talk about some more data. On July 15, according to Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin rebounds and breaks through $65,000, it is expected that $732 million of short orders will be liquidated, and if Bitcoin falls to around $61,000, it is expected that $942 million of long orders will be liquidated. Judging from this data, the possibility of first up and then down is still a bit high. On the macro level, the possibility of interest rate cuts in the fourth quarter continues to increase, the market is relatively optimistic, and with Comrade Jianguo's current candidacy, the spring of the crypto market is worth looking forward to. Although there is a high probability that there will be huge fluctuations in the market after the interest rate cuts are implemented in the future, that is a relatively distant thing. Let's just do a good job of the current market!
