🌞🌞🌞6.7 Market Analysis!!!
Good morning everyone! The cryptocurrency market has been highly volatile this week.
Recent market review:
Three days ago, Brother K accurately predicted that the market would drop to the 50-day moving average and then show a deep V reversal, demonstrating accurate trend judgment.
Influencing factors
- Macroeconomic risks:
- Trump's tariff policy, conflicts with Musk, and progress in negotiations affecting market sentiment;
- Friday's non-farm payroll data is unfavorable for interest rate cuts;
- Escalation of the Russia-Ukraine conflict, breakdown of negotiations, Ukraine attacks Russia, and Russia retaliates;
- Uncertainties surrounding the US-Iran nuclear agreement; if negotiations fail, Israel may bomb Iran.
- If any of the above events worsen, BTC may drop 5 - 10%, with altcoins falling more than 30%.
- Positive factors:
- Lee Jae-myung elected as South Korean president, supporting the development of the cryptocurrency sector;
- The US federal and state governments are promoting BTC as a strategic reserve;
- Surge in US debt undermines dollar credit, benefiting BTC's status as a reserve asset through de-dollarization.
Yesterday's recommended performance
Our group recommended 3 meme coins that performed brilliantly: AXR rose over 30%, Virgen surged 40%, and debt increased by over 100%.
Operational advice:
Hold a large position in BTC, with altcoin positions not exceeding 20%; small funds can try on-chain opportunities.