June is the last carnival opportunity in the recent cryptocurrency market.
Let's first review my updates on the market in May.
At the beginning of May, it was at 92,000. I mentioned in April that
there would be an explosive bullish market coming, so I guided everyone to buy the dip.
But the closer we get to June, the more cautious we need to be.
Bitcoin surged from 74,000 all the way to 112,000.
During this period, there were also many positive developments, including stablecoin legislation and the U.S. increasing Bitcoin reserves.
As we approach June, the higher the sentiment, the more dangerous it becomes.
Including the risk from previous tariffs that have not yet been resolved, along with U.S. debt issues.
My thoughts for June are:
1. Funds from Bitcoin are starting to flow into altcoins.
2. Ethereum is entering a major bullish market.
3. The surge in Ethereum and meme coins, the doomsday chariot is starting.
This wave actually hasn't trapped too many people yet, and the sentiment hasn't fully developed.
This is also why I think there is still a chance for a rally in early June,
but after the altcoins surge, we need to gradually reduce our positions, especially in the past few days I have recommended starting to slowly reduce positions, being ready to take profits is very reasonable.
Keep a little spot position to catch the last tail, but I do not recommend going all in, and when there are further rebounds or even opportunities to rise later, continue to reduce positions.
Perhaps in July, we will see an excellent buying point similar to April.