6.6 Market Trend Summary
Last night was another siege, it's exhausting already!
Currently, Bitcoin has short-term support, but the market is facing frequent black swan events, so we need to respond calmly.
The current Bitcoin is near the 100,000 mark, which has some support, and the probability of a short-term rebound is relatively high, so the stop-loss can be slightly widened, set below 100,000.
For Ethereum, if it cannot rise within a year, it may enter a longer-term oscillation and decline. Popular narratives like RWA are mostly meme-style speculation, making it difficult to generate substantial demand. Whether ETH ETF can open staking and increase institutional holding desire remains uncertain, as compared to returns, volatility and consensus are the main considerations.
🔥 Market Highlights:
1. Circle's parent company went public in the US, skyrocketing to a market value of 18 billion, far exceeding expectations.
2. The old coin RVN surged due to its listing on Up.
3. The new coin Cutis was listed on Binance Alpha, focusing on wearable crypto applications on the Solana chain, reaching a market value of 100 million USD.
4. The meme sector is active, Fartcoin listed on CB; political category KBBB experienced violent fluctuations, crashing after a quick pass, suspected to be manipulated by big players.
