Hello everyone, Bitcoin fell 8.1% yesterday,

falling to $58,528 at 4 a.m.,

the largest intraday drop since April 13.

But strangely, many altcoins did not break new lows, and some altcoins rose instead of falling.

It seems that altcoins also have a bottom line.

Yesterday, there was news that Mentougou paid more than $400 per BTC,

which may be fake news and needs further observation.

There should be detailed information by July 10.

BTC may fall below $60,000 again. However, altcoins may see a turnaround for two reasons. (1) BTC is not at a high level, so there is room for altcoins to play. BTC has always been at $70,000 before, and big investors are worried that BTC’s correction will cut altcoins in half. So they dare not buy. Now that BTC has fallen to $60,000, altcoins have room to rise. (2) BTC is under selling pressure, and everyone knows that Mentougou is going to crash the market. Then some funds in the market will flow from BTC to ETH and other altcoins. So from now to early July, don’t short your position. Hold 30% of your position, and then gradually increase your position in ETH and altcoins to 50%-60%. Don’t go all in at once, buy a little bit every 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 factor in the cryptocurrency market in the past 10 years has been lifted, the cryptocurrency market may usher in a new wave of bull market after Mentougou. 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, and many people will fall tomorrow.

This includes abnormal economic data, the Mentougou incident, war conflicts, etc.

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