Ansem: Micron's earnings report may drive its stock price to new highs and become the top of the "memory market" in the coming months.

According to Mars Finance, on June 24th, crypto KOL Ansem published an article stating that he believes Micron (MU)'s (MU) earnings report may exceed expectations, driving its stock price to new highs, which could mark the top of the "memory rally" in the coming months. The Big Seven tech giants have recently weakened significantly and retreated from their highs, while the memory and semiconductor sectors had previously been supporting the market. His previous assessment of SpaceX's strong performance before the first major unlocks was incorrect, which he sees as another signal of retail investor fatigue. If SpaceX continues to fall below its $150 opening price, he will reduce his related positions. On the macro front, Ansem stated that interest rate and inflation concerns are real, but he believes Kevin Warsh's removal of forward guidance was intended to allow the Federal Reserve to react to market activity, rather than to preemptively appease the market. If the inflationary shock from the Strait of Hormuz proves temporary, and the market weakens simultaneously, the Federal Reserve may reverse course. This means there is a cooling-off window in the market from now until the next Federal Reserve meeting at the end of July. Regarding crypto, Ansem stated that the crypto market has underperformed over the past two years but is currently in a relatively good position. If open-source AI and decentralized inference become mainstream narratives, Solana could be one of the best trades of the next 12 months. Regarding Bitcoin, Ansem stated that concerns surrounding MicroStrategy are real, and a long BTC, short MSTR pairing trade looks promising. Bitcoin is currently at a crucial level, near its previous high in 2021 and the 200-week moving average; if $60,000 holds and MSTR breaks below support, it would be a strong signal of a long-term bottom forming. Ansem generally believes the market may rise initially today, followed by a sell-off in early Q3. Investors may still have opportunities to buy BTC near $60,000 and Solana near $60, which he believes will be the bear market low.