Bitcoin experienced a significant pullback today, triggering long and short divergence, with some investors choosing defensive strategies while others see it as a buying opportunity. Check out what these analysts say, and for more discussion, visit Followin's new trend indicator (https://followin.io/zh-Hans/trendingTopic/121）.
@0xSunNFT：
"I opened a hedging trade: long $ETH, short a basket of altcoins, with positions roughly 1:1.
ETH is the engine of the rise in late June, mainly driven by institutional financing and stablecoin narrative. Referencing MicroStrategy's BTC purchase process, most altcoins will ultimately fail to outperform the leader.
If the bull market continues in the second half of the year, it will likely still be driven by ETH; if it turns bearish, ETH at least has institutional support. The only situation that would invalidate the hedge is if 'the altcoin season truly arrives'."
🔗 Source: https://x.com/0xSunNFT/status/1951099879906058707
Sniper@bqjushen：
"$BTC is consolidating in a 4-hour wedge, with potential for a breakthrough. Can be watched short-term, and those with cash can buy in batches. Mainly recommend large-cap assets like $BTC, $ETH, $XRP, $DOGE, $SUI, $SOL, $PEPE, $PENGU."
🔗 Source: https://followin.io/zh-Hans/feed/19067448
Financial Wukong@wukong2021：
"The market experienced a spike, and whales were also liquidated. Many people will likely be crying when they wake up today. BTC falsely broke below the previous low of 114,7000, and there should be a rebound during the day, but if the momentum is insufficient, it will still come down. Be cautious in August!"
