Good morning, partners!
Bitcoin has broken through the aggressive bullish candlestick, and Ethereum is forming a short-term double top. The market looks very bleak right now.
In the past few days, our teachers in various sectors have been continuously warning about risks, and I hope that our partners in this group have not suffered significant losses.
Regarding the current market, the only ideal trend for Bitcoin and Ethereum is to consolidate at a high level with wide fluctuations, which is already rare. In the short term, we should not expect significant gains.
If the mainstream cryptocurrencies can consolidate, capital will have opportunities to overflow into altcoins, allowing us to search for the strong models we have learned to execute conservative strategies. Conversely, we should take a cautious approach and observe more while acting less.
Regarding the stock market, we have repeatedly emphasized in our offline meetings and online live streams that it is not advisable to take aggressive actions recently. We should first pay attention to support around 3200. Wait for new stabilization signals before laying out strategies for the second half of the year!
