Bitcoin and altcoins face turmoil, in-depth interpretation of June's market

In the current market, we should adopt a more astute strategy. When profits appear, it may be wise to take half of the profits first and leave some room. The recent Bitcoin conference was originally expected to trigger significant market volatility, but in reality, it was quite uneventful. In the past, Ethereum could always drive altcoins to surge, but now the market performance is rather sluggish.

The involvement of the Trump family has caused Bitcoin to move towards a more centralized direction, which is obviously not a positive signal for many retail investors in the crypto space. The current market shows a troubling divergence. Sometimes Bitcoin hasn't even started to decline, yet altcoins are already diving. In the past, their trends were relatively synchronized, but now they are fighting their own battles. Bitcoin remains strong, while altcoins show no signs of improvement; Bitcoin is about to face a correction, while altcoins have already fallen into difficulties. Although Ethereum has seen a slight increase, it has also lost its former glory and vitality.

In such a situation, investors need to be particularly cautious. As the old saying goes, take only the most stable part in the middle and avoid excessive risks. Currently, Bitcoin has a resistance level of 120,000 above and a support level of 98,000 below. In the existing market environment, some investors choose to cash in on some positions for profit. In fact, since starting to bottom out in April, everyone has successfully grasped several operational opportunities, and regarding the final portion of profits, whether or not they are realized doesn't make much difference.