What ideas do altcoins need in the second half?
At present, the overall market trend is still within expectations and is in the stage of correction and repair of the 4-hour level top divergence indicator.
At present, the indicator repair has entered the late stage, the top divergence has been repaired, and it is only waiting to return to the bullish state again. At the same time, we can also see that if the market falls back again, a head and shoulders top pattern may be formed here (the right shoulder has not yet been formed). Therefore, $63,000 is an important position in the short term.
Personally, I think this head and shoulders top is unlikely to be established. The more likely trend is that there will be another retracement, but it may not set a new low. It may just be a trap to sell. If it really falls below, I will write an article to express my views. For trading, buying around $63,000 is definitely a cost-effective transaction, with a small stop loss and a large take profit.
The daily level is still bullish, so there is no need to become pessimistic due to the pullback. I am optimistic about the market in August and expect there may be a larger market. There is still a week left, so wait patiently.
The wealth effect of the cryptocurrency market has weakened recently, and the market has been flat for most of the time. If BTC falls to $64,000, many altcoins will continue to fall. Now is not the best time to sell. Keep your position unchanged and continue to wait patiently.
ETH did not surge after the ETF was approved, which requires the elimination of some previous speculators. ETH's return to $4,000 is a certain event, it is just a matter of time, and it may be realized after the 1-2 rate cuts. The approval of the ETF is conducive to large capital inflows, and only 1/3 of the funds flowing into the BTC ETF is enough.
As the bull market gains momentum, investors are actively looking for the most valuable altcoins to invest in. Among the many options, a few coins have shown a clear upward trend, indicating potential for substantial returns.
The market will soon digest the impact of Grayscale's fund outflow, paving the way for a bullish recovery. Bitcoin prices bottomed out after the launch of its ETF. Ethereum prices may also bottom out faster. At the same time, the Federal Reserve still plans to cut interest rates in September, which is a clear bullish signal for the cryptocurrency market.
Therefore, today’s cryptocurrency market pullback is nothing more than another opportunity for investors to buy on the dip. Here is our list of the top 5 cryptocurrencies to buy that are expected to deliver outsized returns once the market starts its bull run.
CZ will be free next month and it is expected that he may bring some market momentum. Here is the relevant background information:
July 11: The SEC officially concluded its investigation into Binance’s stablecoin issuer.
A few weeks ago: A US judge dismissed the charges against CZ, and he is expected to return to the market in the coming months.
BNB’s on-chain transaction volume and market dominance have been growing steadily since June. With CZ’s return in Q3-Q4 2024, Binance and its entire BNB ecosystem are expected to experience rapid growth.
Education sector expected to rise
After CZ regains his freedom, it is expected that there will be a wave of increases in the education sector, such as hook, edu and other related currencies.
Federal Reserve interest rate meeting
The Federal Reserve will hold a rate meeting next Tuesday and Wednesday, and Powell is likely to make dovish remarks to pave the way for a rate cut in September. In any case, before the rate cut is officially implemented, there is often a certainty of positive news accompanied by market makers who may induce short selling through various forms of market crashes.
There may be fluctuations in the short-term market, and it is difficult to give an accurate answer from the technical perspective. However, the cyclical market conditions have their inherent laws, which have not changed.
Altcoin investment strategy in the second half of the bull market
In the second half of the bull market, investing in altcoins requires more caution and strategy. Here are some specific suggestions:
Absolutely do not buy altcoins
1. Altcoins with high FDV and low market capitalization: These coins usually have greater risks and are easily affected by market fluctuations.
2. There have been large-scale unlocking of altcoins recently: Large-scale unlocking may cause drastic price fluctuations and increase investment risks.
3. DWF market-making altcoins: avoid the uncertainty caused by market manipulation.
Altcoins to consider buying
1. Altcoins whose new narratives cannot be falsified and valued: These coins may have higher potential and are worth paying attention to.
2. Altcoins with long-term sideways trading and stable chip structure: This type of currency may have stable growth potential and relatively low investment risk.
3. Altcoins with real business income: Coins with real business income have higher security and investment value.
Recommendations
1. Be cautious when pledging: To avoid potential losses due to market fluctuations, be careful when pledging.
2. Set a stop loss: Set a stop loss in time to prevent unforeseen risks and ensure the safety of funds.
3. Stop profit in time: Sell decisively when the target profit is reached to ensure that the profit is pocketed.
By following these strategies, you can manage risk more effectively and obtain solid investment returns in the second half of the bull market.
