Due to the ongoing tension in the Middle East, Bitcoin experienced another wave of panic selling this morning. However, the impact on Bitcoin is currently not significant; the drop is simply a precursor to a larger rise. Altcoins are not so lucky; currently, the altcoin season is playing out in the U.S. stock market, so those trading U.S. stocks should pay close attention to these publicly traded companies that combine stocks and cryptocurrencies.
Every drop in Bitcoin is the best buying opportunity. With the expectation of interest rate cuts and stablecoin legislation in the second half of the year, $150,000 should be a conservative estimate.
Ethereum's 4-hour chart shows a very standard range of fluctuations, with the upper limit around 2750 and the lower limit around 2400. When this range is broken, the direction will become clear. I remain optimistic about ETH; 3000 will definitely be broken.
Currently, there isn't much progress in the altcoin space, as the overall market has not stabilized. Be patient and wait.
