July is the most important bullish opportunity in the second half of the bull market in the cryptocurrency space.

First, let's review the market conditions I updated in June,

At the end of May, I believed that the Ethereum sector would experience a surge,

As a result, Ethereum almost reached 3000, initiating a brief meme week.

Then, the doomsday machine was activated, causing Ethereum to lead the crash,

Resulting in a significant correction in the entire cryptocurrency market on 6/22.

At that time, I couldn't predict the Iraq War, but the correction point I identified was 98k.

After testing around 98k, the buying pressure the next day was very strong,

So I would now shift to a bullish mindset, as the correction has ended.

Currently, Bitcoin is only 5k away from a new high, but:

1. The greed index is stuck around 50.

2. On-chain whales are still accumulating, while retail investors are reducing their positions.

3. The funding rate is very low.

4. The Ethereum Foundation has been continuously offloading, leading to a bearish market sentiment.

5. Bitcoin ETFs have been experiencing net inflows in recent days.

Now, Bitcoin has been trading sideways at 107K for over a week,

At this point, I would reverse my view and believe that a bullish market is about to emerge.

I think this month will initiate a brief meme week, and I called for re-entry in the group at 106K, with various secondary meme coins already starting to position.

The upcoming market will be very similar to the rally from mid-April to May,

This July has a great chance to rally above 118K,

Once it exceeds this price, I will start to reduce my positions in various altcoins and will also partially reduce my positions in cryptocurrency-based contracts.