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BTC has returned to the price range of 103000-104000, many imitators have retraced about 10%, the fear and greed index has returned to the median of 50, and there has been another groan in the market. Why do you say that when the market arrives, it is numb? It seems that everyone's heart disease is on the chalet. In fact, today's price is roughly the same as it was a week ago, especially ETH, the representative of altcoins, the support level of 2450-2550 is quite difficult and ETF funds continue to flow in. Now, if we hold an imitator, we do not need to pay too much attention to our own currency for the moment, and if we hold long term currency, it is useless to pay attention to it now. If you want to see it, just look at ETH, ETH can hold, and there will be hope for the imitator in our hands.
After reviewing the short-term trend analysis of BTC by a group of analysts on the dynamics, most of them believe that the decline will continue to deepen, with 60% seeing 101000-102000, 30% seeing 92000-93000, and a few seeing around 88000. Personally, I think this situation is normal and there is no need to be so pessimistic. This time, the high retracement is something that can be predicted, this afternoon at 4 PM, the quarterly BTC and ETH options were delivered, the current position of the air force contract in the market is 1.3 times that of the multi-army, combined with the current trend of the BTC market value proportion. I personally believe that the probability of BTC rebounding in the short term will be a little higher.
Tomorrow will close the monthly line, and this series of rallies is indeed over. When BTC enters a wide sideways range. The main strength will generally start to allocate funds into value altcoins at that time. I think the experience of May has preemptively repeated the future market trend for everyone, BTC broke the previous peak without warning, and ETH also came out of the relatively independent market, but 80% of the cottages without heat and liquidity in the market have simply set up, and the market value has fallen 90% from the peak of December 2024. This confirms last year's judgment on this bullish market cycle, the return to value, and the constant is still strong.
Yesterday's dynamics explored an issue, namely the psychological torture of copied positions, especially when the price reaches that position, how to choose has become a psychological barrier for most people, and this feeling of gain and loss is like a mountain pressing on the hearts of individual investors. In fact, I would like to understand one question: have the copied holdings of individual investors decreased? However, from the perspective of ordinary people, it is difficult to establish systematic and accurate data on the positions of retail investors. Judging by what I have learned from the dynamic comment area, there should be many people who were complete before March 25, including myself. But since the end of April, the positions of individual investors have started to slowly decrease during the rise of BTC, and most of my friends have begun to reduce their positions, replacing them with U while waiting for the next round of decline, and even some friends think a bear market is coming. That is why I said yesterday that this bull market is strange.
After 2025, more and more people believe in the rumors that there will be no seasonal bull market for altcoins. The faith and confidence of token holders are gradually eroding in the face of multiple factors of uncertainty, and they have relinquished their tokens in a series of fluctuations of worry and unease. Based on past experiences, I still believe that any bear market occurs when small investors generally feel FOMO, but currently, this FOMO situation has not occurred, so at this stage, we will not immediately enter a bear market.
On the data information sources we have access to, it is indeed impossible to measure the situation of small investors' positions through numerical values, but the actors of each altcoin can certainly see it. You can ask around you, if everyone is reducing their positions, controlling their positions, or staying short, then the upcoming market will actually be a bit more optimistic. When most of us feel that a bear market is imminent and think there is a high chance that the market will drop, then it is unlikely to drop.
In summary, returning to my own position, I personally advise reducing long term spot positions, being defensive, selling high, but it is really important to maintain solid confidence to remain bullish during corrections. Even if you choose to reduce your position and hold USDT while waiting for a strong correction, it is better to keep some position and be well prepared to avoid missing the market. If you sell and passively wait for the correction, and an unexpected rise occurs again, it would call into question more than a year of tenacity.
This moment is indeed the best time for bookmakers and individual investors to wrestle with their psychology. Personally, it is recommended not to try to prepare for a long term bear market, you can rush up and down in operation, but be cautious about short selling. For the comments section to inquire about the specific month of the withdrawal. I do not have the capacity to answer this kind of question, as the current global liquidity does not have the conditions of a bull market, even if there are the so-called good news from the Trump family, Vice President Vance has come forward to announce the order and other events that were previously unimaginable, the market is also correcting and declining. But the plunge and push in a short period of time are indeed a signal for the beginning of the beef tail, and it is difficult to buy a cow to turn around, and the scariest thing is that it suddenly starts, and you are not in the car.
As we enter the month of June, my personal view on my positions is not to be blindly optimistic in predicting a strong rise in the bullish market, but we should also not stick to a rigid approach. For large position tokens, I will continue to hold and wait, without making adjustments. For small position tokens, I will choose to cut my losses and wait for a readjustment. Since we cannot predict the future, we must simply manage our positions well.
Any break can be caused by panic, maybe today you see 2450 ETH, two or three days later, it will become 3000, this situation has not occurred, and it will certainly happen in the next period of time.
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