After waking up, assets were halved, and the altcoins were cut in half. Spots are trapped, how to deal with it next?
Let's take a look at the reasons for the decline:
1. Fear of the release of the halving benefits. BTC has risen too much, and there are too many profit-taking orders. The release of the halving benefits is almost over.
2. Economic data in the past month show that inflation is too high. The Fed's interest rate cut expectations have been put aside for July, and even September. If there is no interest rate cut, there will be no funds. Without funds, the coin circle will not rise sharply.
3. Grayscale has recently come out to make trouble again, smashing it from time to time.
4. The war between Iran and Israel is imminent, and the situation in the Middle East escalated yesterday.
The halving market is imminent, and it is recommended not to start with spot. The support of 65,000 below the big cake has been broken, and the next big support is 60,000. Ethereum supports 3,000-2,800.
This wave of Ethereum led the decline (the leader of the altcoins), but the coins in the big cake ecosystem are okay. (Many coins in the copycat market have already fallen to the bottom, so it is recommended to enter in batches.)
