Israel's airstrike on Iran is not just an airstrike; it's an airstrike on everyone's wallets. Altcoins originally lacked liquidity, and Ethereum hoped to run independently, but have all been dragged down.
In the past 24 hours, over 247,000 traders have been liquidated, with a total liquidation amount reaching 1.15 billion USD. The largest single liquidation order was a long position worth 201 million USD on Binance.
Today, many people are concerned that this conflict will lead to a market crash.
If you think about it, it becomes clear. Like the previous conflict between Russia and Ukraine—Russia is still a major power. Over these years of conflict, what impact has it had on the financial market?
It's merely the impact of market sentiment when the fighting just begins, leading to short-term fluctuations.
Israel and Iran have had conflicts before; last year there were conflicts, and the year before that, there were also indirect conflicts through Syria. It's become quite common.
The impact of such news is closely related to the market's background trend.
If it were a bear market, don't even mention fighting; just any negative news could trigger a significant drop.
However, the current background trend is a bull market; this common conflict has no relation to the market's bullish trend itself, and the impact of local conflicts is only short-term.
Look at the cash flow situation in the cryptocurrency market itself. Bitcoin spot ETFs have seen nearly 1 billion USD in net inflows over the last four days, with over 80 million USD flowing in yesterday. As for Ethereum, it goes without saying; there has been continuous net inflow recently, which fully indicates that the cryptocurrency market's funds have not panicked due to sudden events but rather continue to flow in. This is just a normal market fluctuation; the foundation of the bull market has not changed due to the conflict between Israel and Iran.
To put it simply, it is just the main forces influencing the market trends under the impact of news, making those who previously believed that an increase would lead to a significant drop even more convinced that a big drop is inevitable, and that's all.
Therefore, at such times, the biggest fear is emotional trading—chasing highs when the market rises and panic-selling when it drops, ultimately getting slapped in the face repeatedly.
From a long-term trend perspective, the cryptocurrency market tends to be weak in the absence of interest rate cut expectations. Therefore, in the current environment, if you are only suited for swing trading—like capturing 30% gains in strong altcoins or earning about 10% in weak coins following the market—this kind of strategy is perfectly fine.
In this wave of conflict, which altcoins can be positioned for short-term trading?
First is SUI, currently around 3. This coin is known for being 'hard'; regardless of whether the market rises or falls, it has been able to ignore market fluctuations and maintain an independent trend in the previous cycle. The recent pullback to around 3 USD is a good opportunity to enter a position, with the possibility of adding more below 3.
Next is WIF, currently around 0.81. The meme sector has been emphasized in previous articles; every time the market rises, we can basically see the meme sector leading the way with the largest gains. WIF is a coin that everyone is familiar with, previously experiencing a lot of volatility. Its current price-performance ratio is still quite good, and it can be a good opportunity to enter a position.
Finally, there’s ETHFI, currently around 1. At the end of last month, I reminded people on Weibo about some coins in the Ethereum ecosystem for swing trading, and they all made it onto the gainers list. The reason for choosing coins in the Ethereum ecosystem is simple: altcoins first need Ethereum to start moving. Once Ethereum moves, the coins in its ecosystem will also follow suit. It's time to enter a position and wait for takeoff.
This cycle is quite difficult for altcoins; don’t be greedy when trading short-term!
Finally
In today's cryptocurrency market, too many people hold their coins but find themselves in a dilemma: they can only passively wait when there is no market movement, yet when the market comes, they don't know how to allocate their positions, missing good opportunities.
Those who cannot adapt to the times will ultimately be ruthlessly eliminated by the market! How many people have struggled in the cryptocurrency market for years yet are still being pressed down and beaten, suffering injuries?
The lone wolf moves quickly, while the crowd travels far.
Follow me, and in July, I'll take you riding the wind of the crypto market.
Break your fixed mindset, change your retail investor-style trading habits, and achieve your future!!!
