Waking up in the morning to see Bitcoin breaking through 110,000 and setting a new record!
But the market is unusually quiet, not as lively as expected, and the reason is simple—
Too many people have either missed the opportunity or exited at low points; this round of the market is almost a solo performance by BTC. Most people are still immersed in the fantasy of "going all in on meme coins" with a handful of altcoins but not a single Bitcoin. The higher BTC rises, the less it relates to them; even if it reaches 1 million, it’s just for the show. Considering the possibility of the Federal Reserve cutting interest rates twice in the second half of the year, the market is far from over. It is suggested to hold spot positions at least until after October before considering taking profits in batches.
On the short-term side, $PENGU , $PEPE, $WIF , $NEIRO , and $TURBO are still relatively strong; after a pullback, one can consider a small position for a quick trade, as holding long is too volatile and the risk is not worth it. WLFI has pumped $B, directly pulling it from 30m to 150m. It was previously mentioned that there would be a contract, and now it seems to be a spot opportunity. At that time, I didn’t participate in the internal news; without clear benefits, I didn’t chase it, and missing out is normal. $JAGER has a large amount of LP unlocking today, but the coin price remains relatively stable. It is said that many people repurchased after unlocking, and funds are slowly flowing back in at lower levels.