Amid Bitcoin's rise and altcoin decline, leading analysts advocate for traders to focus on disciplined strategies.
Bitcoin Leads as Altcoins Lag
As of June 30, Bitcoin traded around $107,800, up from $102,300 just nine days earlier, with a trading volume of $38.3 billion. Meanwhile, altcoins like Solana and Cardano have significantly dropped from their 2024 peaks. According to a CoinShares report, $1.3 billion flowed into Bitcoin-focused investment products in mid-June, while inflows for altcoins were minimal.
Experts Recommend Risk-Managed Strategies
Analysts like @JeremyACFD and @CryptoMichNL emphasize the importance of structured trading rules to avoid losses. @JeremyACFD stated, 'the absence of a plan is a plan to fail,' urging traders to stick to pre-defined exits. Stockmoney Lizards suggests allocating altcoin capital into five equal parts, entering at RSI below 30, and exiting at 30-50% gains.
Macro Factors Impacting Altcoins
The macroeconomic backdrop complicates the altcoin outlook. The Federal Reserve maintained its benchmark rate steady, with inflation remaining above target. Experts warn that as long as Bitcoin dominance remains high, altcoins will face volatility, and anticipated altseason may remain unpredictable.
Analysis of the new situation in the crypto market indicates that altcoin traders need to adopt more structured and disciplined strategies for capital protection and better profit potential.
