Click to join the internal chat room of Xiaoma.
The entire cryptocurrency market has plummeted, and the three major U.S. stock indices, along with Nasdaq tech stocks, have not been spared. The main reason for this market-wide decline is Israel's sudden airstrike on Iran, deploying hundreds of drones to attack Iranian nuclear facilities and nuclear scientists, resulting in dozens of deaths. Iran immediately issued a statement of retaliation, and this sudden incident triggered panic in the financial markets. Iran quickly responded, stating it would retaliate, causing intense turbulence, but there is no need to panic excessively. Today's drop is a typical response to unexpected negative news and is not related to the market's bullish trend. As long as a full-scale Third World War does not break out, localized conflicts will have only a short-term impact on the financial market.
The liquidation pressure from Bitcoin is too intense; both bulls and bears are hesitant to engage. In the short term, I estimate that after a rebound above 105,000, some short positions will be cleared before dropping below 103,000 to clear more shorts. The short-term upward expectation has been disrupted by the war, but this doesn’t affect the overall situation; prices will return. In the long run, wars have no impact on coin prices. I believe that a correction is just an opportunity for you to get back in.
I took a look at the altcoin market, and in fact, the market has quietly shifted from speculation and hype to a more pragmatic approach—value coins are slowly gaining the upper hand. In contrast, some newly launched PPT projects are performing worse than each other; the hype comes and goes, prices rise and fall, and cannot be stabilized at all.
Next, where will the hot money in altcoins go? The focus will be on several key directions: DEFI, stablecoins, RWA, ETFs, memes, and public chains, plus maybe AI and depin. So the next strategy for altcoins is to find the leaders in each track to invest in. Many friends are asking which altcoins can be positioned as the market declines due to the effects of this war. In fact, Boss Crab had already informed everyone early on about this cycle. Currently, there aren’t many secondary targets that are playable. The two I’ve emphasized before, Pepe and Sui, can be operated according to the points discussed in the previous articles. Both long-term and mid-term waves are playable, and once Pepe drops below 1, I will definitely notify in the muted group.