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A new week has started, let's do a brief review and talk about the market trend this week.
Last week, the overall market was mainly fluctuating and consolidating within the 74,000-78,000 range, causing most altcoins to also experience relatively stable movements. From the current market trend, it continues to extend the previous consolidation, so the market's feeling is more of a calm period, waiting and watching.
This week is also the last week of June, but in the weekly chart of the market trend, I personally believe that the market will still mainly fluctuate sideways. At the same time, there is still a chance for the market to test the 80,000 level again. Last week, the better performers were mainly in the privacy sector led by ZEC and the HYPE market, and for those who haven't entered yet, wait for a pullback to buy in batches.
Secondly, according to the latest news, the US-Iran negotiations are expected to wait until early next month, so the market is also in a wait-and-see mode. This is also one of the factors contributing to the short-term low volatility of the market this week. Besides the US-Iran negotiations, there are no other major news currently affecting the market trend. Personally, I think the overall trading strategy this week should focus on short-term trading, waiting for the negotiations to truly settle, then adjusting trading strategies based on the market. Tonight, the US stock market is closed for a day due to the holiday.
Therefore, the overall market fluctuation range this week is between 74,000 and 80,000. ETH has been relatively weak recently; if the market pulls back again to around 74,000, ETH is likely to lose the 2000 support level, increasing market panic and accelerating ETH's downward risk. This week, ETH is expected to fluctuate between 1950 and 2200. SOL's performance this week is similar to last week, generally fluctuating between 81 and 88.
Today's contract trading strategy is mainly swing trading:
BTC: Buy on dips around 76,500, take profit at 78,000
Otherwise, short at 78,000 or sell on rallies, take profit at 76,500
ETH: Buy on dips around 2,070, take profit at 2,130
Otherwise, short at 2,130 or sell on rallies, take profit at 2,070
SOL: Buy on dips around 84, take profit at 87
Otherwise, short at 87 or sell on rallies, take profit at 84
Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance.
2. Don't be greedy; take profits and secure gains. Better to take small losses than to hold on and face bigger ones. If the direction is correct, hold on.
$HYPE $ZEC $BTC