The situation in the Middle East is extremely bearish, putting pressure on Bitcoin, which fell to a low of 103370, currently fluctuating around 10.51. Recently, the market has been quite tumultuous, influenced by the situation between Iran and Israel, tariff negotiations, and data affecting the market. The upcoming Federal Reserve meeting should also be considered, along with Trump's comments. Recent operations must pay attention to position sizes and stop-loss protection! BTC Bitcoin has started to rebound after touching support in the short term, with three consecutive strong candlesticks on the 4-hour chart, and the price returning to the dense area of chips. In the short term, it is expected to rebound to $106,500, but short-term pressure is strong, so do not be overly bullish. Maintain a short position mindset and watch for rebounds, ready to enter at any time.
The daily chart for Bitcoin shows a bearish engulfing pattern, and MACD indicates signs of 'airborne refueling,' with increased trading volume, indicating greater bearish pressure. The area around 106500 is a minor resistance line, after which a pullback begins, which can also be understood as a secondary pullback confirmation after a big drop. Ethereum (ETH) at a small level will at least have a wave of rebound because the price has reached a very strong support line, and basically, every time it touches this line, it rebounds, so this wave is no exception. In the short term, after the price touches it, it will rebound again. Next, pay attention to the upper pressure line at 2580u. I predict that the price will directly start to rebound in the short term, rebound pressure will begin after reaching the upper line, and then start a secondary pullback, around 2480u. If it chooses to pull back down directly, I will consider increasing my long position. In summary, it will either start to rebound directly or pull back around 2480u before accelerating the rebound. Overall, the probability of a short-term rise remains relatively high, with the upper target temporarily set at 2580u.
The altcoin crash this time seems to have wiped out almost all altcoins. Many major altcoins are like dead dogs, with many already down over 90%. For those who bought in, the grave grass should be at least two rice heights now. Last week, Sweet Dream mentioned in an article (Bitcoin surged 6000 points overnight! Is it a bull return or a trap before a crash? How to strategize with shorts, missed opportunities, and future layouts? Play DeFi freely, will the SEC provide a bottom?) that it would short ZK and ZRO, which are coins about to unlock a large amount, and the odds are actually greater. (1) Sweet Dream started shorting ZK at 0.058, making a profit of 476%. ZK's unlocking was completed yesterday, so I started to close my short positions, and fortunately, I doubled my profit.
(2) ZR0ZR0 will unlock 23% of the current circulating supply on June 20, and I am currently shorting ZRO at high prices, currently making a profit of 128%.
(3) TRUMP
Sweet Dream mentioned the day before that TRUMP's RSI on the 15-minute line also showed divergence, rebounding weaker than Ethereum, so I shorted. This short on Trump made 25%, closing at 9.59. I wonder if any brothers followed along?
This hasn't reached my take-profit point; why did I close it early? A reference for this opening position is ETH, but the situation afterward seemed a bit off:
① Trump clearly shows a triangular wedge convergence - the downward space is limited.
② The slope of TRUMP's decline is lower than that of Ethereum (black arrow in Figure 2).
③ RUMP's new low hasn't reached as deep as Ethereum's, and several 1MIN lines even didn't drop (red line in Figure 2), and the contract trading volume has significantly increased. Of course, there is also the judgment of the broader environment: the major player is using the Middle East conflict news to gain liquidity, and this process is not yet complete, so the turbulence will continue.
Trump coin's unlocking on July 17 has potential. Sweet Dream still needs to short it; we are updating the operation points in real-time every day. Interested parties can follow Sweet Dream.
Finally, let me share some tips for the Sweet Dream secondary exchange: look for new coins to short, 1-2 times, meeting the following conditions:
1. Newly listed on Binance, only contracts have been launched, not spot trading.
2. Sol-based meme coins, or NFT coins left over from the previous era.
3. It's best if it's unrelated to AI, but this is not a must. If it is AI-related, we need to discern whether there will be sudden positive news causing a pump, or whether the good news is valid.
5. Massive selling pressure, a lot of airdrops, especially those that unlock a large amount at once/linear unlocks.
