Last night, everyone held tightly to their wallets, waiting for Iran to surprise the world, but nothing happened? So what is it that the world will remember for centuries? Is it your stubbornness? The early morning meeting aligned with expectations; maintaining interest rates in June was basically in line with market expectations, but the dot plot indicates only one rate cut this year, and then one more next year, totaling 50 basis points. The probability of a rate cut in September has already reached over 70%. However, since Trump took office, no news can be confirmed in advance, and it is possible that things may change later.
Bitcoin prices have been fluctuating around 105,000. Last night, with the Federal Reserve meeting and the conflict between Iran and Israel, many people probably stayed up late watching Bitcoin's trend. No one expected the impact on it to be minimal; the price fluctuations have been much smaller than in previous days, and there is no clear direction up or down. Many people are hesitant to go long or short, basically in a state of holding no positions. Bitcoin is oscillating around 105,000, with the first resistance level above at 106,200-106,500 and the support level below at 103,500-103,000. Given the current trend and news, the probability of a bearish outcome is quite high. Manage your risks well; if there is no clear direction, it is advisable to stay out and wait until a trend emerges to decide the direction! Ethereum is forming an M shape, fluctuating up and down, with resistance above at 2660-2680 and support below at 2480-2460.
Moreover, today, a whale bought 15,000 Ethereum, worth over 37 million dollars. This whale has previously bottomed out Ethereum twice, making profits of over 30 million dollars!
Buying Ethereum below 2500 is a safe bet! Everyone is looking forward to the arrival of the altcoin season, but it hasn't come yet; while the altcoin season in the crypto market hasn’t arrived, the altcoin season in the US stock market has silently arrived. Truly, my fate is in my own hands, not determined by the heavens. Who can withstand such psychological blows? Retail investors are also wondering when this will end. Is there still an altcoin season?
The altcoin season will come, but not now; at least we have to wait until after September, which is still a short time. We've already held onto coins from last year to this year, so we don’t care about these few months, right? To put it bluntly, even if the altcoin season comes, not all altcoins will take off and recover your costs. It depends on which strong coins you bought. If you bought junk altcoins, it’s advisable to cut losses and switch to other strong coins. If you can't bear to cut losses, the road to recovery will be long and arduous. Switching to other strong coins gives you a chance to recover your costs; otherwise, you can only wait for death! The three coins recommended in previous articles: SUI, WIF, and ETHFI, have also fallen due to war factors alongside the market. There's no need to worry; if you entered lightly before, now is the time to add to your positions and wait! Because once the market turns good, the leading coins will surely have value behind them, and the projects that attract real capital. A downturn is not scary; what’s scary is not daring to stock up on valuable coins during a downturn. When it reaches target levels, you should enter. Although this year has been tough for the crypto market, it has always been a place of high rewards and high risks. Learn to stay out during high-risk phases and find opportunities to buy spot; then, the high returns later will also have your share!
Finally
In today's cryptocurrency market, too many people are holding a handful of coins but find themselves in a dilemma: they can only passively wait when there is no market movement, and when the market comes, they don’t know how to allocate their positions and miss good opportunities.