This round of decline has ended, can the rise of the new week continue?
Let's get straight to the point. This week's market first rose and then fell, and the real upward trend won't arrive until the third quarter.
From recent market performance, the rise of most altcoins (excluding BTC) has mainly been driven by short squeezes.
Traders have formed a conditioned reflex from the previous rebound and started chasing prices — but this time there are no real 'strong holders' because most people have already been trapped.
Many tokens that surged strongly also experienced similar intense pullbacks. The rebound of ETH was unexpected.
The trading strategy is still primarily focused on short positions, as declines will come again in the coming days. Consider short positions around 106500 for Bitcoin and around 2625 for Ethereum. The target will initially look towards below 100,000.
In the near future, more attention will be paid to the primary market, as there may be greater opportunities.
