Today is Friday, June 14, 2024. Judging from the weekly chart, this week will be the third consecutive week of decline. Ethereum, as the leader of the cottage industry, has such a trend. The trend of the cottage industry is even worse. Most of them have returned to their lows, and some currencies have even hit new lows. Against this background, I believe that the market is not far from a rebound. I personally expect that there will be good opportunities in the second half of June. It is said that our circle is closely related to the Nasdaq of the United States. Now that the Nasdaq has hit a new high, I believe it will not be far from BTC hitting a new high.
As mentioned in yesterday's article, in addition to the time adjustment, two months have passed since the halving in April! From the historical cycle, the real bull market will start after the BTC halving, which is the market consensus. In addition, the Federal Reserve will definitely cut interest rates this year. The current market expectation is in September. If it is hyped in advance, the time is just right. Secondly, the US election now regards encryption projects as the final link in the competition, which is a massive publicity for the encryption market.
Secondly, there is good news about Ethereum's ETF. The chairman of the SEC expects it to be approved this summer. Many people may not have any idea about the approval of Ethereum's ETF S1. In fact, to put it simply, only after Ethereum's ETF S1 is approved can the spot ETF of one platform be traded normally. Only after normal trading can the outside liquidity flow into the market, just like the rise after the BTC ETF. As long as S1 is passed, Ethereum will officially become a regular army. I will not introduce how big the outside funds are. Once a small part of it flows in, Ethereum will soon usher in a strong period, and it is not impossible to rise directly to a historical high. As long as the leader of the copycat Ethereum takes off, it will definitely drive the entire L1, L2 and other related Altcoin. The accumulated emotions will be directly released, plus the fomo emotion, then it means that the real copycat machine will come!
It seems that all the signals are telling us that the difficult days in the market are about to pass. The next July and August will definitely be a good time to make money! So when this big market comes, it is the stage for us to prepare for a rainy day. There are less than two months to the end of summer. For many contract players, it may be a long time, but for spot players, two months will basically pass in the blink of an eye!
Today, ton once again hit a new historical high, with the highest price being $8.156. According to data from Europe and Italy, ton has increased 10 times from the bottom, and has increased nearly 4 times since the launch of BN. When the market falls all day, there are always some currencies that counterattack and rise in the market.
In fact, every currency is purely cyclical, just like OKB, which rose all the way in the previous bear market. At that time, some negative news about BN greatly benefited the growth of OKX. At that time, BNB also fluctuated and adjusted in the range of 200-300 for a long time. The purpose of saying this is to let everyone understand that in our market, each currency has its own cycle. So, don't question the currency in your hand and change positions at will just because other currencies have risen. Maybe the currency in your hand will also be strong! Everything is just a matter of time! The cycle of the crypto is like this. After the BTC is spread, Ethereum rises. After Ethereum rises, the mainstream relays and the cottage begins to take off! The cycle ends after the chaos of the demons. We are currently only in the second stage, so be more patient, don't chase the rise and kill the fall, hold the chips in your hand, and wait for the wind to come!
Overall, the market trend in June is optimistic. The bottom may have appeared and a rebound is imminent! Just do it!
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