BlockBeats News, June 24th. Cryptocurrency KOL Ansem posted, stating that he believes Micron (MU) may report earnings that exceed expectations, driving the stock price to hit a new high. He thinks this might mark the top of the upcoming "storage market" trend for the next few months. The recent weakening and pullback from highs of the big seven tech giants have been evident, with the storage and semiconductor sectors previously supporting the market. Ansem had previously made a wrong bullish call on SpaceX before its major unlocking, which he sees as another sign of retail investor fatigue. If SpaceX continues to drop below the $150 opening price, he will reduce his related positions.

On a macro level, Ansem mentioned that concerns about interest rates and inflation are real. However, he believes Kevin Warsh's decision to abandon forward guidance is to allow the Fed to react to market activity rather than placate the market in advance. If the inflationary impact from the Strait of Hormuz proves to be temporary and the market weakens simultaneously, the Fed may pivot. This implies that there is a cooling-off period in the market from now until the end of July before the next Fed meeting.

Regarding cryptocurrency, Ansem noted that the crypto market has underperformed in the past two years but is currently in a good position. If open-source AI and decentralized reasoning become popular narratives, Solana may be one of the best trades in the next 12 months. As for Bitcoin, Ansem mentioned that concerns related to MicroStrategy are indeed valid, and a paired trade of longing BTC and shorting MSTR looks promising. Bitcoin is currently at a critical juncture, including near the 2021 high and the 200-week moving average. Holding above $60,000 and seeing MSTR drop below support would be a strong signal of a long-term bottom formation.

Overall, Ansem believes the market may rise today, followed by a sell-off in early Q3, providing investors with an opportunity to buy BTC near $60,000 and SOL near $60. He thinks this will be the bear market low point.