Bitcoin vs. Altcoins: Market Correction and Rebound Expectations
Bitcoin has been rebounding since yesterday, but the strength does not appear to be significant. In the days to come, the market may continue to fluctuate and adjust to verify the bottom support point.
After July passes, the overall market may see some improvement. Altcoins have performed well in the past two days, especially popular sectors such as meme and ai, which deserve more attention.
In July, there is expected to be a rebound, but the increase may not be particularly large. If the market can stabilize around 66,000, there may be a small wave of altcoin prices, and then we can take the opportunity to do some swing operations. If that does happen, it would be a good time for us to participate on the spot.
Looking further ahead, from August to October, the US election is approaching. Even if there is no rate cut in September, a rate cut is almost a certainty after the election. In terms of market sentiment, it has now changed from bull market optimism to bear market pessimism. Many previously bullish views have been shattered by reality, while bearish logic has become increasingly popular. This change in sentiment is quietly affecting the thinking of players in the global currency circle, and many people may choose to leave the market as a result.
As the market tilts more and more towards a bear market, there will be more and more negative news, causing more people to be forced to leave the market. But don’t forget, when most people leave the market, the market will often suddenly reverse at some point in the next few months. The currency circle is like this, it goes over and over again, there is nothing new.
So, the most important thing for us is to be patient. Big money is not made in buying and selling, but in waiting. Buying may be easy, but what is really difficult is staying calm and not blindly following the trend.
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