The bottom has not fully formed yet! The conditions are not yet met.
Post
熬鹰资本
·
--
The most panicked moment for Bitcoin is already behind us.
The storage sector has pulled back for two days, and funds have flowed from semiconductors into other sectors—an extremely healthy rotation. Especially yesterday’s sharp drop in Hynix also released a lot of risk. Right now, the frenzy chasing rallies has cooled off, and instead it gives the crypto market some breathing room.
MicroStrategy’s off-exchange OTC added $1.5 billion in funds. That means this year’s debt payments and STRC dividend distributions should be fine as well.
As money rotates back from the hottest sectors, the negative factors for the crypto market have been largely cleared. Going into July, it will be a time for rebounds on the weekly level. For now, I’m sitting on a full stack of BTC long positions, all ready to be fed.
Between 66,000 and 74,000 is where you should take partial profits in batches during this rebound.
Why 74,000? Because MicroStrategy this month announced it would sell coins in the 74,000–72,000 range. If the risk of a near-term crash for MicroStrategy is removed, it could very likely surge violently back to the sell-coin price level.
And 66,000 is also the rebound high from these past two weeks. So if the market truly rebounds back to 66,000, the next target will inevitably be around 74,000.
In any case, I hope everyone makes money. Let’s not have any more macro or other bad-event headlines show up here mid-flight.
The storage sector has pulled back for two days, and funds have flowed from semiconductors into other sectors—an extremely healthy rotation. Especially yesterday’s sharp drop in Hynix also released a lot of risk. Right now, the frenzy chasing rallies has cooled off, and instead it gives the crypto market some breathing room.
MicroStrategy’s off-exchange OTC added $1.5 billion in funds. That means this year’s debt payments and STRC dividend distributions should be fine as well.
As money rotates back from the hottest sectors, the negative factors for the crypto market have been largely cleared. Going into July, it will be a time for rebounds on the weekly level. For now, I’m sitting on a full stack of BTC long positions, all ready to be fed.
Between 66,000 and 74,000 is where you should take partial profits in batches during this rebound.
Why 74,000? Because MicroStrategy this month announced it would sell coins in the 74,000–72,000 range. If the risk of a near-term crash for MicroStrategy is removed, it could very likely surge violently back to the sell-coin price level.
And 66,000 is also the rebound high from these past two weeks. So if the market truly rebounds back to 66,000, the next target will inevitably be around 74,000.
In any case, I hope everyone makes money. Let’s not have any more macro or other bad-event headlines show up here mid-flight.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.