Bitcoin is about to experience a significant drop! Is a bear market in the crypto space inevitable? The next trend is crucial! All valuable information, presenting five wealth secrets, at least three times! Short it! These three coins are about to unlock large amounts, a cash machine for short-sellers! Can TRUMP and ZRO still be shorted? Let's take a look with Sweet Dream!
Bitcoin
Bitcoin is currently moving in a narrow range due to the Federal Reserve's continued interest rate freeze, with an upper range of 105200-105800 and a lower range of 103300-104000. After the third bounce on the 8-hour Bollinger support, there has been a slight rebound, with resistance near 105500, and the fluctuations are gradually weakening, with the Bollinger Bands narrowing and then a direction emerging.
From a larger perspective, yesterday's volume was not large, and the rebound strength was also weak. The probability of a downward movement after this oscillation is slightly higher, considering the Middle East conflict and US inflation. The Federal Reserve's interest rate cut should be delayed, so in the short term, it is likely to test the support levels of 100,000 and 97,000 dollars. The main strategy today remains high short positions unless it breaks above 106300 with increased volume.
Ethereum
Ethereum's small level prices have repeatedly touched the support line, testing the 2460 support three times and the 2540 resistance four times, but have not broken through this entire consolidation area. In this narrow consolidation area, there are very few points to trade. At most, one can lightly position on the left side at pressure and support levels, making small profits of around 40 points as it fluctuates up and down.
But it has not yet broken down, indicating strong support. Additionally, the news front has not had much impact during the day, so one can enter long positions in the range of 2518-2500, first going long and then reversing to short, with the upper resistance line focusing on 2580 USD.
Five wealth secrets for altcoins, just go for it, at least triple your investment.
(1) ZRO
ZRO has now entered a unlocking cycle, releasing tokens equivalent to 22% of the current circulating supply every month on the 20th. This will create significant selling pressure, especially since the unlocked tokens are from team members, investors, and VCs. Once they receive the tokens, they will definitely sell for profit. Therefore, in the two weeks leading up to the 20th of each month, one can place short positions on ZRO at high points, shorting until the unlocking day, which is definitely a wealth secret.
We have shorted ZRO several times in the past two weeks, and the results are visible to everyone. Many fans have been congratulating me, and the strategy is very clear.
(2) TRUMP
TRUMP will also face a massive unlocking, with 25% of the current circulating supply unlocking on July 18, and thereafter TRUMP will enter a super unlocking phase.
Unlocking will continue every month, with so many coins flooding the market, exerting significant pressure on coin prices. If no one is bottom-fishing, the prices will only drop further. Sweet Dream has already shorted once recently, making a profit of 25%.
However, the Trump family is known for causing a stir, often making headlines. So, in the coming weeks, if Trump surges due to some good news, I will not hesitate to continue shorting him, placing low leverage short positions.
In addition, everyone can check the unlocking situations of other coins. Although they may not be as significant as ZRO or TRUMP, a 3% or 5% unlock can still be a minor negative. If you hold these coins, you should be a bit cautious.
(3) SOL
The result of the SOL spot ETF will come out by July at the latest, but normally it should be introduced after September. It will definitely be approved without any surprises. When it is announced, SOL will at least surge by 20%, and then continue to rise for a week as funds flow in.
The recent correction in the crypto market has just given us a chance to build a position in SOL at a low price. 140 is a very good support area, and there's a good opportunity for a short-term rebound here. However, I want to be a bit greedier; I want to see SOL drop below 140, leading to a significant decline, which would be a great opportunity. It all depends on whether the market gives us that chance.
SOL-related RAY and JUP can also be positioned. Previously, Sweet Dream kept mentioning these two coins in articles. This morning, they surged against the trend by 30%, and there is still a 10% increase now.
EIGEN
The leading Ethereum re-staking project EIGEN may launch its mainnet by the end of June or in July, which is a slight positive. However, what I care more about is that the approval of Ethereum staking ETFs will likely be similar to SOL's ETF, probably the earliest in July, but normally it should be approved in September or October this year. However, the staking feature is merely an embellishment for the ETF, while the approval of SOL's ETF represents a qualitative change, and the price increase will be greater. Therefore, I will pay more attention to the layout of SOL in July and August.
Sweet Dream has perfectly grasped the rhythm of these months. As long as you keep up, you can earn profits of three to five times, which is no exaggeration. It’s about skillfully timing the top and bottom, perfectly shorting TRUMP as well as ZK and ZRO. The crypto market will revive in September when the Federal Reserve lowers interest rates, and by the end of the year, there will be another Bitcoin upgrade. The approval of spot ETFs and Ethereum staking ETFs will lead to a grand event in the crypto space.
That's all for today's article. In the upcoming bull market, I will guide everyone to aim for the wealth opportunities in altcoins, expecting at least a tenfold increase.
