Last night, Federal Reserve Chairman Powell announced in Washington that they are conducting a five-year monetary policy assessment to address inflation and interest rate changes, with a new framework expected to be announced by late summer or early autumn. The US stock market showed mixed trends, while Bitcoin broke through the 103,000 USD barrier.
Today, BTC's turnover rate continues to decline, indicating that investors are not very interested in short-term price fluctuations or Powell's speeches, focusing more on long-term trends. BTC has been oscillating around 102,000 USD for a long time, forming short-term support, but the most stable support remains between 93,000 and 98,000 USD.
BTC is in a consolidation phase, with resistance at 105000 above and support at 100800 below. If hitting the upper resistance, one can short; if hitting the lower support, one can long, waiting for one side to break the balance. This trend needs guidance from news to break through; until then, I recommend short-term swing trading.
Ethereum continued to decline after breaking below 2600, touching around 2403 yesterday before rebounding, completely in line with my prediction from yesterday. Currently, ETH is facing short-term pressure at 2600; if it breaks through, there may be a rise, but the increase is limited and requires oscillation to build strength.
Another possibility is a pullback to 2400 for consolidation, followed by a surge to the 2800-3000 area. Patiently wait for the market to provide answers, and do not act rashly to avoid mistakes.
I believe the market will pull back: BTC to around 98600, ETH to around 2180. It could be a pullback after a rise hits resistance, or it may start to decline after a period of consolidation before news breaks, often accompanied by panic selling.
The specific trend depends on the market. If the key resistance level is broken, then chase the long position. The main sectors remain meme and AI, so stay sharp in this market.
The GameFi craze is back! Adventure Island NXPC made a killing with a single transaction earning 760 USD, BNB Holders are going wild!
Yesterday, Adventure Island NXPC ignited the GameFi track, with Binance Alpha users earning up to 760 USD per transaction! BNB Holders and Alpha players celebrated together, and the new project strategy spread wildly, causing the newbie village to overflow!
However, subsequent testing showed returns fell short of expectations, and the token crashed. But don't forget - game parameters can be adjusted, and there are still opportunities for a comeback!
Let’s review my profit-making strategy on Adventure Island:
1. Actually, 10 days ago, I started researching the Adventure Island game token, with a total of 1 billion and about 17% circulating. As an official investment project without VC participation, this should be the most reliable GameFi project in blockchain history; my first feeling was to go all in under 0.5.
2. When Binance first launched the alpha version, I saw an investment opportunity. But then both Binance and Upbit listed the spot market, and I expected the price to reach 1, as the 1 billion FDV is actually higher than many VCs.
3. Before the market opened, I tracked the on-chain address and found that the project team transferred 40 million tokens to BSC, and I guessed a liquidity pool address (distributing 15 million tokens and 500,000 BUSD). The opening price was 0.55, and I quickly bought from 0.76 to 1.5, averaging 1 USD for 250,000 tokens, then transferred them to Binance to sell.
4. Sold out at 3 USD on Binance, I will continue to watch. The Korean market has not opened yet, but new coin trading has been completed.
Sharing my thoughts: When encountering a new project, one should research and set psychological expectations about the price to invest blindly; once this is determined, the rest is easy.
Reminder: Beware of imitation projects harvesting profits
Last night, a 'believe' imitation project with a 10K investment spread quietly in a small circle. It required downloading an app for transfers, with a 24-hour limit. I did not participate and reminded my friends. This morning, I saw someone ignore the advice and ended up losing 70% of their principal, crying out in despair.
The first project blatantly harvested profits, possibly seeking quick returns. I advise everyone to stay away from imitation projects, as they are likely to be scams.
Today's recommendation:
GRT, reason: A short-term head and shoulders bottom is testing the neckline, if it holds, it will continue to rise. All historical data can observe the false breakdown of the triangular convergence, waiting to enter at the white dashed line at 0.13.
Entry price: 0.1302
Stop-loss price: 0.1107
Target price: 7.128
Expected increase: 5374%
Additionally, today the external network 8647 gained traction quickly, and in the past hour or two, several accounts with millions of followers have followed up on this matter, including accounts like IfindRetards that frequently interact with Elon Musk.
This can be considered a niche political meme hotspot; we don't yet know how big it will get, but currently, many political influencers with millions of followers are posting about it, so it’s worth keeping an eye on.
