BTC may fall below 60,000 again, but altcoins may see a turnaround for two reasons:
1. BTC is not at a high level, so there is room for altcoins to play. Previously, BTC has been at 70,000. Big funds are worried about BTC. The correction will cut altcoins in half, so they dare not buy. Now that BTC has fallen to 60,000, it gives altcoins room to rise.
2. BTC is under selling pressure. Everyone knows that Mentougou is going to crash the market, so some funds in the market will flow from BTC to ETH and other altcoins.
So from now to the beginning of July, during this chaotic period, don’t short your position, hold 30% of your position, and then increase your position in ETH and altcoins to 50%-60% in batches. Don’t go all in at once, buy a little bit a day. If the Mentougou news causes BTC to fall to 55,000, it will be a good opportunity to buy at the bottom.
Because the biggest negative in the currency circle in 10 years has been lifted, after Mentougou, the currency circle may usher in a new wave of bull market.
It is still the judgment I said before:
From a macro-cyclical perspective, we are currently on the eve of the Fed's interest rate cut cycle. The day after tomorrow is beautiful, but tomorrow is cruel. Many people will fall tomorrow. This includes abnormal economic data, the Mentougou incident, war conflicts, etc.
If you want to know specific opportunities and specific decisions, check the top, you can get the position allocation strategy, teach you how to make money in the bull market and earn coins in the bear market
