$BTC The market suddenly dropped again. How should I put it? It’s not entirely unexpected, after all, the resistance level hasn’t been broken, so it’s bound to go down. A slight further drop is within reason. Currently, Bitcoin has slightly fallen below 105,000, and Ethereum is temporarily hovering around 2,400 USD. In terms of price, it still belongs to a strong range, but with this, I'm not sure when Bitcoin's resistance at 110,000 will be broken. The only thing I can think of is that a new high in the US stock market could drive Bitcoin up.

The trend in the US stock market is relatively strong, mainly because it has not only pulled the points up from the low during the last tariff crisis, but the conflict involving Iran hasn't affected the market even a little. This shows that market confidence has largely recovered. If we talk about what the strongest asset has been in the past decade, there’s no doubt it’s the US stock market and Bitcoin. This strong endorsement gives everyone more confidence to buy in or even hold long-term. This is what stabilizes prices.

Recently, comments indicate that everyone is concerned about some relatively mainstream coins they hold, wondering if there is hope in the future market. In my view, apart from a few major coins like Bitcoin, Ethereum, and BNB, I only recognize other mainstream coins that are related to DeFi. For example, OP (L2) and SSV (reStake) mentioned in the past couple of days belong to the Ethereum ecosystem, and as long as their market capitalization and data are decent, the future opportunities are quite significant. Of course, I strongly advise against investing too much in these assets or having too singular a configuration of mainstream assets.

To be honest, this market feels a bit boring; it seems to have continued the dullness for another 1-2 months without us even noticing. Plus, the weather has been heating up recently, and there aren’t many good places to go in the short term. The good news is that time is still on the bulls' side, as June has just approached its end.