Market Trend & Prediction - The analysis suggests that all Bitcoin pairs are likely to reach range lows, potentially driven by liquidity conditions and retail consumer behavior [4][6][10] - The analyst anticipates a potential 20% drop in Bitcoin valuations for altcoins [13][17] - The report notes a possible short-term bounce in the summer, but the eventual outcome is expected to be the range lows [22][23] - The analysis draws parallels to historical data, suggesting a potential low in late October or early November [9][10] Macroeconomic Factors - The analyst suggests that a low unemployment rate of 41% might delay interest rate cuts, potentially impacting higher-risk assets [7][21] - The report indicates a shift in the probability of rate cuts, with a reduced chance of a cut in July (from 25% to 5%) and an increased chance of no cut in September (from 5% to 333%) [7] Altcoin Performance - The analysis highlights that while altcoins may have performed better in USD valuations, they have underperformed against Bitcoin [14][15] - The report questions the value of altcoin USD gains if they continue to bleed against Bitcoin [16] Technical Analysis - The analyst points out that every rally has met with a lower high, indicating a potential breakdown [17] - The analysis references specific Bitcoin pair valuations, noting a move from 031% to a potential 025% [18] - The report includes USDC in the analysis, showing a valuation of 029% and suggesting further downside [19]