From last night’s Bitcoin and Ethereum until this morning, there has been a continuous decline; Bitcoin has dropped 1% in 24 hours, while Ethereum has dropped 5.4%. Altcoins are also all following the adjustment. Many people probably felt a bit anxious when they checked their accounts this morning, wondering if this trend is at an end. Don't panic; let me analyze the market for you. BTC is adjusting around 100,000; this position won't happen quickly. If it moves too fast, there won't be much left to play with later. The space is becoming increasingly limited, and the returns from pushing upwards are not proportional to the costs incurred. It needs to adjust first.
ETH has weakened in this range, and the consolidation at this position is necessary, as the recent rebound has been quite significant. In the short term, it cannot drop below 2300; this position is only at the initial stage. Ethereum's stability is still a test for the altcoin market. Future market trends remain optimistic, and it has stabilized; a new round of upward cycles is about to begin!
The altcoin trends are also quite differentiated, with mainstream coins generally following the market. This cycle's market has indeed been torturous; Bitcoin rose first, followed by some altcoins. When Bitcoin slightly adjusted, the other rising altcoins were directly halved, while Bitcoin rose and other altcoins only slightly increased. Now that Bitcoin is close to new highs, other altcoins are still halfway up the hill. In summary, BTC repeatedly sets new highs, while other coins repeatedly break new lows within their ranges.
Those holding BTC can be at ease, while those holding other coins are anxious. If you had only held BTC a year ago, you would have at least quintupled your investment by now. However, based on previous trends in the coin market, it's undeniable that other coins have larger price increases than BTC; the issue lies in the timing, which hasn't arrived yet. Therefore, it's puzzling that we are already in this situation. If you didn't invest in BTC initially, investing in BTC in the middle stage is also meaningless. It might be better to invest in these mainstream coins that have fallen significantly; they will likely rebound more, resulting in a final increase that matches or surpasses BTC.
Next, let's talk about: TRUMP.
TRUMP token holder Morten Christensen (who ultimately ranked 188th on the leaderboard) stated that he and four friends have confirmed receipt of notifications to attend the dinner for Trump coin holders next week, costing them about $1200 each.
Their strategy is to buy Trump coins and short the same amount, then immediately sell their Trump coins and close positions after announcing the winners on Monday.
TRUMP has not yet reached the bottom-buying point; this is just a daily line rebound. Each wave of market trends is weaker than the last, still guided by news. Here, it is highly probable that it will break below the previous daily low. We took a short position on TRUMP and then ran, and after that, we've been repeatedly emphasizing not to consider making a swing trade on TRUMP in the short term.
Finally, let's review the several coins recommended in the article.
First is RAY; I recommended entering at 3.2. A few days ago, there was a wave of increase, but it did not reach our target position. The current price has also retreated to around 3.2, so continue holding and wait patiently for the bloom!
Next are the four fan tokens recommended last night: LAZIO, PORTO, CITY, and OK's MENGO.
These few coins have basically not experienced the same magnitude of decline as other tokens, and some haven't even dropped at all. We are waiting for the Club World Cup to ferment; this time is also very powerful, with a prize pool of a billion dollars!
If your position is currently empty, then you can enter the spots I recommended above. If your positions are all full, just wait patiently for the bloom!
That's all I have to share today, I am July, and you can follow the daily article updates!
The lone walker runs fast, but the crowd goes far! Everyone is welcome to join us in discussing and exchanging market trends!
