The current market is very frustrating, and the market sentiment is average. Many friends asked if there is still a bull market and altcoin season? Yes. Behind all this is the face of #BTC. I remember that three months ago, it was 64,000, and the market sentiment was extremely fomo, with 100,000 seen; three months later, it is still 64,000, but the sentiment is... Damn, it is still falling, still falling...#BTCcannot rise all the time, but it cannot fall all the time. The current volatile market sentiment will still exist after the next bull market. So everyone can observe more now. What to observe? Observe the relationship between #BTC's volatility and altcoins. The macro, liquidity, and sentiment determine the price of BTC. Then the price and liquidity of BTC determine the price of altcoins.#BTCwill have v, and altcoins will definitely have v as well. Today is Friday, the last working day of this week. Let's take a look at the urpd data and the chip accumulation area of BTC.
Next week will be an eventful week, with the release of macro data such as PCE, and the progress of #ETH's ETF. Isn't it expected to be passed and traded in early July? Let's see if there will be any new news hype next week. At present, ETH is relatively strong, which is also very telling.
Everyone knows that the essence of BTC is to benefit from the main US dollar liquidity, but there are many investment targets for US dollar liquidity. Now the US bond yield is high, and the AI technology in the US stock market has soared. At present, BTC is still grinding, waiting for the macro turn and liquidity to come. As for when, this is the Merrill Lynch clock and BTC's self-narrative. I have mentioned it before.
The market has been boring recently. Tomorrow is the weekend. Friends, take more rest and watch the market less. Life is not just about trading.
$BTC $ETH $TRB
