According to BlockBeats, on June 17, top trader Eugene Ng Ah Sio stated that Bitcoin has been repeatedly rejected at the $110,000 resistance level, with the market fluctuating between $100,000 and $110,000. Altcoins have begun to consolidate and stagnate.
If Bitcoin does not reach a new high, it is expected that Total3 (total market capitalization excluding BTC and ETH) will decline slowly, due to the impact of market position reduction and unlocking pressure on prices. The market has high trading difficulty, and the strategy has been adjusted to reduce trading frequency, focusing on high-risk return opportunities, with strict stop-loss measures and avoiding chasing emotional coins. The altcoin area has not reached the value zone, with light spot positions, mainly adopting short-term strategies.
