Currently, the BTC chips are densely populated. It's not good to fall, and it's not good to rise. Continue to converge and oscillate until one side stands out.


At present, the altcoin market has shifted to the oil refining sector. Whether it will last or not depends on whether the narrative of the oil refining sector can attract funds. If I remember correctly, the oil refining sector also tends to have a more explosive and hundredfold effect in a bull market. The only drawback is that the oil refining sector is prone to death spirals and heavily relies on user traffic. Once no one is playing, it is easy to fizzle out. But there haven't been any outstanding performers in this round yet, maybe the new coins that come later will take this into consideration.
I think that although the second half of the year may seem confusing, with expectations of interest rate cuts, inverted interest rates, recession expectations, the US election, and various uncertainties, I still believe that things will turn out well. We have already passed the darkest period, and the best times are not too far away.
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GateUser-b18bbb3fvip
· 2024-06-05 19:12
WAGMI 💪
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