The square likes to report good news and not bad news. Posts calling to buy get a lot of traffic, while posts warning of risks sink into the ocean! It seems like it bothers you from earning transaction fees!
It's the end of the month, and also the end of the quarter, with futures delivery and fund company settlement. The monthly line closes the day after tomorrow, and just when the U.S. stock market reached a new high last Friday. In short, at this point in time, there are too many unstable factors, and we still need to see the U.S. stock market trends in early July.
But personally, I tend to lean towards a weekly level of volatility. Even if $BTC reaches a new high like the U.S. stock market, I don't see much sustainability! However, in the short term, I don't foresee a deep correction; at most, we might see support around one hundred thousand within half a month! During this volatility, I will still use a two-layer position to trade!
As for altcoins, last week when Bitcoin pierced one hundred thousand, it was equivalent to a second bottom test. I will continue to add positions on dips, mainly in $ETH, DeFi, stablecoins, and the DEX sector!
#btc #美股新高