The bull market is staged and will not continue to grow strong. When it reaches a certain level of heat, it will have to pull back. If you have bought altcoins, there is no need to hold on to them, because the sectors are rotating and you should take profits and stop losses when necessary.
This time the heat is on Ethereum. I have called for buying the bottom of the Ethereum sector many times. The relative bottom is not something that can be waited for. Everyone’s bottom depends on what they buy!
The current cryptocurrency world is on tenterhooks with the expectations of Ethereum. There is a chance that Ethereum will be listed on Nasdaq in early to mid-July. If it is listed, it is estimated that the cryptocurrency world will experience huge fluctuations again. Really big!
Why do we say that there will be huge fluctuations?
It's very simple. Let's look at the position of Bitcoin. To be honest (personal feeling), there will not be a big main uptrend at this position. Instead, there will still be an expectation of a decline, and the decline will be very fierce. It may be close to the highest point of 72,000 this time. I estimate that it will fall to the 50,000 range, so Bitcoin is still very dangerous at this position. (Personal opinion), don't look at BlackRock's frequent purchase of Bitcoin now. It still needs to be smashed. Now many regions in the world are fighting and the situation is tense. Those who read the news know that Saudi Arabia in the Middle East has refused to renew the petrodollar agreement. Many people may not know what this agreement means to the United States (those who don't know can go to the news themselves, I won't write it anyway. It is related to the United States. Once the fight in the Middle East wins, the US dollar will depreciate) (personal opinion)
In fact, it is difficult for us to judge what to do next. If it were me, I would only set a stop loss price and use 30% of my position to invest in strong spot currencies and exit when I make a profit. It is not recommended to buy too many altcoins. After all, the current market is uncertain and the volatility of altcoins is relatively large, which makes me dare not use too much funds to invest in altcoins. If you have spare money, I suggest that you invest lightly in the Ethereum sector. Don't hold on to it until the market stabilizes. Focus on the trend.
When can I take it for a long time?
The answer is: the Federal Reserve officially announced the time for interest rate cuts.
Go to my homepage, remember to like and follow me 🌹
If you come to me, I will guide you to plan for the bull market, and you just need to lie down (free sharing)
I won’t let my fans miss out on this bull market!!!
