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Market Caution Ahead of Summer Rally
The market's weakness is concerning, akin to a pullback in anticipation of the 'sell in May' phenomenon. Yesterday's attempt to surpass $2700 for ETH failed, while Bitcoin continues to be dragged along. Currently, everything remains within normal ranges, staying in a sideways trend. However, if Bitcoin breaks above $105,000 and stays there, it could indicate that the pattern has completed, and market activity might pick up again in the latter half of July.
There is still faith in a summer altcoin season, as the TOTAL3 chart looks excellent, and the market sentiment is not expecting a rise during the summer — which is a positive sign. No specific portfolio decisions are being made; rather, a hold strategy is in place. In case of a correction, Ether will be added to the portfolio, as there’s no such thing as too much ETH.
Waiting and watching.
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AI Analysis
The current market situation indicates a cautious sentiment among investors, primarily due to a lack of strong bullish momentum and signs of consolidation. The failure of ETH to break through the $270...
AI Recommendation
Given the current outlook and technical signals, it is advisable to adopt a cautious hold strategy. Investors should monitor key levels such as the $105,000 mark for Bitcoin and be prepared to add ETH...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.