Trump delays the imposition of a 50% tariff on EU goods, extending the deadline from the original June 1 to July 9, easing risk aversion sentiment.
On Monday, influenced by this news, Bitcoin (BTC) rebounded to $110,000, achieving a V recovery. Trump's words are the best tool for this market; all technology, data, and macro factors must yield before Trump. However, Trump's essential purpose should still be the return of manufacturing.
The rise and fall of altcoins are closely related to Bitcoin. History shows that when Bitcoin is volatile, altcoins may rise, but Trump's tariff news disrupts the market. If Bitcoin forms a double top and breaks support, altcoins will be affected, and mainstream coins like Ethereum may also plummet. Currently, altcoins lack the momentum to catch up; unless Bitcoin continues to rebound, there will be little chance for a big market.
First, it must be clear that BTC is currently in a bull market. Whether trading or analyzing predictions, if one directly looks bearish to below 100,000 when BTC is at 110,000, it is no different from blindly guessing the bottom, with no basis.
Starting from 85,000, BTC's trend is a cycle of sideways consolidation - rise - further consolidation. The pullback after breaking the new high a few days ago did not fall below the previous round of consolidation high of 106,000; even if it falls below, it will only reach the lower edge of the consolidation range at 102,000. This is the most intuitive support and resistance level in the K-line.
Conclusion: Do not short BTC. If the price hits the above position, I would choose to enter long. If you must short, choose weak altcoins; trading altcoins is difficult and not recommended, and I will not short altcoins again.
Currently, Ethereum is expected to challenge the mid-term structural highs of 2600-2630. Once it stabilizes above 2630, there is a chance to enter a main upward trend. Note the US market's pullback to the 2555-2570 range for buying.
I have been emphasizing altcoins last week; buying on dips is the best strategy. The recent altcoin rebound has already provided everyone with quality targets.
MEME: pnut, wif, neiro, moodeng, etc.
AI: virtual, ai16z, etc.
DEFI: hype, crv, ena, ethfi, etc.
Public chains: sol, sui, etc.
$B surges wildly
I have mentioned this many times in my previous articles; those who followed have already made a profit. Today it surged again, who wouldn't be happy with a green digital number of over a hundred thousand?
B strong currency, 420m, 4h closing line not breaking 300m, this wave will not end.
Why can the BSC chain's trading volume aim for previous highs? Just need to execute this set of combination punches!
BNB Chain has gone completely insane, with trading volume exceeding 10b for 5 consecutive days and a 7-day trading volume of 61.8b, which is 3 times that of Solana and 3.5 times that of Ethereum, and it has reached a historical high for BNB Chain. Alpha+ down 10x Gas+ on-chain explosion. Don't miss this opportunity.
moonpig: The market barometer, slight pressure around 90m, yesterday's 50m is regretted, seems to have been more timid recently, holding if the daily line does not break 40m, no volume washout.
COLLAT: Today's follow-up strength is average, at the 80m position, relatively stubborn, about to show direction, if willing to pull back to 70m on the 4h, there is still a chance, this position is either 5-4 or 5-5 in progress.
YEE: Extremely strong, H1 closing line not breaking 8m, this wave does not end, Ethereum is much stronger than Solana, but there are likely many who entered at the bottom of 300k-1m, chasing highs is not advisable.
HYPE: The left side is about to form a long-term top, so the hype's meme has also become popular; be cautious when taking over.
