Recently, the cryptocurrency market has shown a weak correlation with U.S. stocks and a strong correlation with gold.

There was no pin bar at the morning close; the market is safe for now.

I looked at the ETF data, which has been incredibly strong, constantly buying. Moreover, there are expectations for interest rate cuts in June and July. If the rate cuts come, the cryptocurrency will likely rise further.

The cryptocurrency has reached 110; if it gives an opportunity for a pullback, we can enter altcoins. The pullback should not break 980-950; if it does, it is likely to turn bearish.

If there is no pullback, we can still enter altcoins, but we need to find the right entry timing.

From a macroeconomic perspective, U.S. stocks are likely to retract once again. If the cryptocurrency follows, there will be an opportunity to enter below 100,000. If it doesn't follow, it may go directly to 120-150.

When choosing altcoins, it's best to select stable leaders: public chains, DeFi, RWA, AI, and meme coins should be played less. The leading ones are still Doge, Shib, and Pepe, while People is also acceptable.