Charts don't lie!
Why the bull run Isn't over yet..
The S&P 500 keeps hitting new highs, defying all the concerns in the market. Despite the Fed's decision to hold rates steady and signs of a slowing economy, the market continues its upward climb, ignoring the wall of worry. Our strategy remains focused on riding this trend, prioritizing price action over economic indicators. While a correction may be inevitable at some point, trying to predict its timing is futile. Our approach is to stay fully allocated and go with the flow.
Meanwhile, Bitcoin remains stuck in its range, with sentiment hitting lows not seen since the last major correction. I anticipate continued consolidation, possibly throughout the summer. It seems Bitcoin lacks the momentum to break through upper resistance and reach new highs. Instead, capitulation could still happen, perhaps reaching $60k or lower. That would take many people off guard but present a great entry point. My portfolio prioritizes long-term growth, and I'm willing to ride out some short-term volatility with altcoins. The key here is patience. Strong altcoins will eventually outperform, turning that downside into upside.
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Written by Timothy Assi, a popular investor on eToro. Follow & copy my portfolio:
etoro.tw/3Mr9W3x