The current market has broken through 90k, how should we choose our direction next?
In the short term, Bitcoin has broken through 90k, breaking the bearish bias. If it stabilizes at this position, we can choose some promising altcoins to go long.
I believe many people in the market are currently choosing to short, and any profitable positions must have a stop-loss to protect the capital.
Another is Ethereum; many friends say to blindly short Ethereum, claiming it's a way to 'pick up money.' Investment must be cautious; do not be swayed by market sentiment. If Ethereum's price exceeds 1800, ETH will go above 2000; if it's below 1800, then there’s another story.
However, the likelihood of the former is very high. Don't choose to short Ethereum at this time; the risk-reward ratio is not proportional. If you're unsure, opt for meme coins on the ETH chain.
Avoid coins like Andy and choose more stable tokens like SHIB. It's psychologically easier to manage when increasing positions.
If you are a novice, be aware that some tokens have already peaked, and chasing after them is not appropriate. For example, Sui, Fartcoin, Popcat, CRV, Chill guy, Trump, Jasmy, Tao, Chinese tokens.
Sui and Trump have also taken partial profits, while I personally would choose to skip this round for others.
Trading suggestion: You can build a position around 92k for Bitcoin, with selling pressure around 94k, targeting 97-99k. Next, mainly look for some good altcoins to build positions.
In the medium to long term, July and August should see good market conditions. The possibility of BTC reaching new highs this year is very high. For a long period ahead, going long will be the main theme, and the risk-reward ratio for shorting is relatively poor.
Lastly, regarding the market reaction to 'Trump treating altcoin holders to a meal,' there are many interpretations.
But for me, the clearest signal is that we have completely entered the 'risk appetite' phase. An event that originally should not have impacted coin prices has now caused related coins to surge by 50% within an hour.
The market is currently very hungry and ready to rush into altcoins blindly. Are you ready?
$TRUMP$ETH$SUI
