The biggest opportunity this year! Folks, I have discovered two wealth codes that are about to skyrocket. The news is reliable, hurry and take a look!
Trump's tariffs will have results on July 8! Will this be a good thing? And will there be any turning point in the Federal Reserve's meeting this week? Let's follow Shu Qin to take a look~
First, let's talk about these coins with huge benefits.
I wonder if everyone has been following the recent updates from the SEC. The approval of Solana's spot ETF has entered its final stage and is almost 100% likely to pass.
Recently, Bloomberg analyst James disclosed that the SEC has requested all seven Solana spot ETF applicants to submit updated S1 filings, requiring them to add staking functionality to the ETF applications, including top Wall Street giants like Grayscale, VanEck, Franklin, and Fidelity.
Moreover, you should know that this time the SEC proactively contacted them to add the staking feature, rather than them wanting to add it themselves. This indicates that the SEC is indeed ready to approve it, and it will be a direct approval of the ETF with staking, which will provide an additional 8% return each year, greatly increasing the attractiveness of the Sol ETF.
After all, traditional ETFs like the S&P or Nasdaq have an average annual return of only 8%, while Sol's spot ETF does nothing and automatically brings in an 8% return. Its attractiveness is far stronger than that of the initial non-staking ETH ETF. When approved, Sol could surge by 20% instantly, and then rise further as Wall Street funds enter, which is a foreseeable scenario.
So when will Solana's spot ETF be approved?
According to Bloomberg analyst James, he believes the Sol ETF should be approved in the second half of this year, with July being a possibility, but a higher probability is in September. So we are not in a hurry; we can wait for Sol's price to pull back before buying at a lower price.
From the price chart, Sol indeed offers great value for money, having significantly pulled back from its peak of 188 to 140, where support is quite good. However, if it can drop a bit more and break below 140 for a waterfall decline, I think it would be a good opportunity to go all in when no one is paying attention. In contrast, ETH is currently very popular, and I wouldn't buy ETH at this time.
Additionally, you can keep an eye on Solana's DeFi leader Ray, as it will benefit significantly from this. The price movements of smaller coins tend to be larger. Moreover, the dog coin WIF and staking leader JTO also have some opportunities, but the price charts for these two coins are a bit weak, so I’m more focused on Sol and Ray.
Speaking of bottom fishing, I think the bottom will come in July or August because Bitcoin rose from 70,000 and is still over 100,000 now, leaving plenty of room for a pullback. The indicators also support this; Bitcoin's greed and fear index is still above 60, indicating greed, and it is not even neutral. Therefore, bottom fishing at this time is definitely at a halfway point. I’m not saying extreme panic, but my bottom line for bottom fishing is at least a panic level below 40.
Additionally, I am very worried about July 8, as the 90-day suspension period for tariffs that Trump started in April will end that day. If an agreement is not reached before then, Trump will restore the initially outrageous rates.
Even if the U.S. and some countries reach an agreement, the crypto market and U.S. stocks might experience a situation where good news leads to a pullback, which looks pessimistic. Japan shows no sign of compromise; both Prime Minister Shibamoto and Minister Akizawa are demanding that the U.S. completely eliminate tariffs.
Note that it is a complete cancellation request, not a request for reduction; it is very firm.
Additionally, the EU is not backing down at all, and Trump is furious about imposing an additional 25% tariff on them, with no progress made so far. Therefore, these tensions may explode around July 8, and I have no desire to enter the market before that.
Especially considering rising inflation, increasing unemployment, and the Federal Reserve's lack of any plans for interest rate cuts recently, I think it will be very difficult for Bitcoin to continue rising in this macro environment. Fund managers on Wall Street will definitely reduce their risk exposure at such times instead of chasing high prices, especially since Bitcoin has already risen 60% from its bottom.
When shorting, I will choose those coins with large unlocks for a greater chance of winning. Besides ZK, which we discussed a few weeks ago, I am currently building shorts on ZRO as it will unlock 23% of the circulating supply on June 20. We've discussed this before; I’ve led us through several shorting opportunities, and now we’re in profit.
As for ZK, it was unlocked today, the 17th, so I have already started closing my ZK shorts. Thankfully, I have doubled my position. The next short I plan to take is for the Trump coin's unlock on July 17. We update these operation points in real time every day, so if you're interested, feel free to take a look.
In addition, this week's biggest focus is undoubtedly the Federal Reserve's meeting on Wednesday night, which is Thursday morning. The situation is somewhat pessimistic because the Middle East conflict that started this week has caused oil prices to surge by 20%, and it has already risen by 20% in the previous weeks as well. This oil price increase is shocking, accumulating to a 40% rise. Oil is a major component in inflation, and with a 40% increase, the next inflation report will definitely look bad, leading to soaring inflation expectations.
In this situation, if you want Powell to make a dovish statement, I think it's quite difficult. The probability of negative news is not small, and everyone should be prepared for that. As for interest rate cuts, the current rate market predicts a cut in September, a bitter start followed by a sweet finish. Hey, July and August just happen to give us a chance to enter at a low price.
In short, I will pay special attention to the Federal Reserve meeting and the tariff developments on July 8. I am planning for the upcoming ZRO and Trump shorts and looking for bottom-fishing opportunities in Sol. After watching this episode, I believe everyone should have a clear understanding, so give a follow, and let’s grow together!