Recently, the market has been slowly improving. From a macro perspective, Trump has stopped insisting on getting rid of Powell, plus the unemployment rate data released in May is good, and on-chain data also shows that the market is warming up, which are all positive news.
However, the market has too many variables, and no one can be 100% certain. Based on time calculations, the next relatively large risk may have to wait until July, as new economic data will be released then, and the 90-day deadline is approaching, which may bring new volatility.
Recently, Ethereum's performance has indeed been quite strong, reaching around 2480 yesterday. Although it is still a bit far from the pressure level of 2600, it has at least made up some ground. Now standing above 2200, there should still be room for growth, aiming for 2600-2800. Short-term support is at 2280-2320, and the pressure level is initially 2460-2560. The strengthening of Ethereum is good for the entire market, especially as major institutions like BlackRock start to take action, the enthusiasm for ETH staking is increasing, and this market trend feels a bit like last February.
Regarding how to select products for altcoins in the future
I have shared my personal insights with everyone; these are the summaries of my own blood and tears. If you find it useful, please like it:
First of all, there are currently too many counterfeit varieties in the market, and the counterfeit season is no longer played as before. In the future, there will only be localized counterfeit seasons, which I have been emphasizing since last year. Therefore, the importance of product selection and our operational thinking shift is very high!
1. From the perspective of future trends, about 90% of altcoin investment opportunities are concentrated in small-cap varieties, specifically altcoins with a market value of less than 100 million USD.
2. The profit space for large-cap altcoins is relatively limited unless extremely favorable news occurs, there is strong endorsement, or strong manipulators move in and bring strong expectations; otherwise, it's hard to have a big market.
3. Paying attention to sector effects is crucial. Focusing on the currently popular sector themes of altcoins can often improve investment success rates.
4. Abandon excessive subjective speculation; pure daydreaming is of no value. Focus on analyzing market sentiment, position data, K-line trends, and other dimensions to understand the intentions of the main funds.
5. For every trade, regardless of profit or loss, a review and analysis must be conducted. Focus on dissecting the market-making techniques of the main players and understanding the operational styles of the manipulators. At the same time, stay away from those 'poor manipulators' with weak financial strength to avoid losses.
6. Participate more in trading those altcoins that can profit you. This is influenced by financial luck, and repeatedly achieving success in the same variety indicates that your investment logic aligns with the main logic, which will naturally increase the winning rate of future trades.
As long as you can skillfully grasp the market-making habits of 70% of the main altcoin varieties, achieving positive profits in the long run is inevitable.
Altcoins will only rise in very few or rotational ways, so be sure to remember to take profits on the altcoins that have risen!
Don't be driven by market sentiment; opportunities are always there, but capital is not always available!
Spot trading should also include stop-loss, otherwise the more you lose, the less willing you are to cut losses.
In the end, if you are trapped several times or even more, you can only helplessly choose to lie flat!
In the last article, I recommended CAKE to everyone. At that time, the consideration for entering was that BN was building Alpha, and each short activity would bring heat to BSC. So I entered CAKE around 1.9, and today the highest position was 2.58, an increase of over 40%. These password points were publicly shared on Weibo in advance, remember to cash out!
That's all I want to share with you today, I am July, and everyone can follow the daily article updates!
The lone traveler moves quickly, while the crowd travels far! Everyone is welcome to discuss and communicate about the market!
