The current market has shown differentiation: the decline of BTC has a significant support from hidden orders, and the rebound is also strong, but the decline of altcoins seems bottomless, with rebounds mostly just for show.

In the short term, the rebound is nearing its end, and the possibility of a volatile decline remains mainstream.

In the medium to long term, after Powell's speech, the market believes that the probability of no interest rate cut in July has risen to 80%, so the market in July is still unlikely to improve, while the probability of a 25 basis point rate cut in September is as high as 70%. If speculation on interest rate cuts is to occur, it might be more appropriate to wait until after August.

Therefore, the next month or so will still be tough days of tightening our belts; each rebound is just to cut the heads of the chives, but the decline can also be a good time to get on board. Don't be timid, and don't rush. The hard days are about to come to an end!