In terms of market conditions, the most noteworthy event is the Federal Reserve's upcoming interest rate decision to be announced tomorrow morning. In fact, there isn't much to pay excessive attention to.
Because the market outcome is already set in stone, the probability of a 25 basis point rate cut in June is 0.1%, while the probability of maintaining the current rate is 99.9%.
The probability of keeping the rate unchanged in July is 85.5%.
Many people ask why I, Shisan, am not optimistic about the market in the next two months. This is one of the reasons.
As the situation continues to unfold, with the Federal Reserve not cutting rates, almost all the positive news has been digested by the market and already reflected in the prices.
What will drive the market up?
An upward market requires a catalyst, and the formation of this catalyst needs prolonged market negotiations to gradually restore market sentiment over time.
Currently, I believe that the next two months will be a process of accumulation, during which we may experience frequent price spikes. However, the median price will roughly range between 100,000 to 110,000.
Therefore, regardless of how the market rises next, we should not chase high prices when we have positions.
Only when we encounter drastic price spikes, such as Bitcoin dropping to the 90,000 range or Ethereum falling to the 2,100 range, should we consider entering the market to build positions.
Of course, I will clearly inform everyone about specific situations within my circle.
Everyone's assets and objective conditions are different, so strategies will vary.
However, in investing, it is still true that mindset is very important. If you cannot tolerate the fluctuations or the downturns of the market, you do not qualify to enjoy the prosperity of a bull market.
Recently, I hope everyone refrains from frequent trading; it is important to exercise restraint and control your hands.
Keep it up, crypto enthusiasts,
Welcome to follow Shisan, let's navigate through the bull and bear markets together and see through the complexities of the crypto world.
