After the Federal Reserve kept interest rates unchanged, Bitcoin, Ethereum, and XRP remained stable on Thursday (June 19), with Bitcoin currently hovering around $105,000. The market continues to focus on the situation in the Middle East. According to the Kobeissi Letter, this is the fourth consecutive time the Federal Reserve has kept interest rates unchanged. At the same time, President Trump continues to urge decision-makers to cut interest rates and has labeled Powell as 'Powell who is always too late.'
The Bitcoin liquidation heat map shows:
When the price rises, there are a large number of large and super large short orders waiting to be liquidated in the 105200-106850 and 107050-109250 areas; when the price drops, there are a large number of large and super large long orders waiting to be liquidated in the 103400-101750 and 101300-100100 areas.
Ethereum's technical aspect is clear, having encountered strong resistance multiple times around 2546-2547, confirming the pressure level. The price is running at 2495, and directly chasing shorts has low cost-effectiveness, limited space, and is difficult to set stop-loss. Placing a short order at 2528, waiting for a rebound to enter is more prudent. The current market rhythm shows that the altcoin sector's rebounds are weak, and sentiment is fragile; bad news can easily trigger selling pressure. The strategy is clear: short at highs, patiently wait for a rebound, decisively enter and hold at key points.
Ethereum has been sideways for 6-7 weeks, most altcoins have dropped back to their starting points, and the secondary market is quiet. However, the primary market is full of fun.
The current strategy for fartcoin is to short it, starting from 1.085, all the way down to 0.8 USD. I won't let go until the target is reached. The trend of fartcoin is too similar to the previous init, with weak rebounds and obvious lack of buying power, the structure is a complete mess.
Yesterday morning, I bought GOR for 400k on the SOL chain, which has now risen 6 times to 2.4M. Unfortunately, I sold too early and earned little. The Crystal ship on the BSC chain also surged several times, but I only made a small profit as I got in late. Today, I continue to happily play with dogs!
Many fans ask me, why aren't altcoins rising? Answer: The gameplay of the market has changed in this round of the bull market.
This round of the bull market has been driven by institutional buying. Everyone has always been confident, believing that once institutions buy to a certain extent, Bitcoin's price will be high enough that funds will overflow into the altcoin pool. But no one expected that just before reaching this critical point, the market's gameplay changed. Funds that couldn't keep up with Bitcoin began to shift their focus to coin stocks. Last night, Circle surged 34%, and Coin surged 16%, causing the bull market that originally belonged to altcoins to move to the stock market.
With various micro-strategies emerging like mushrooms after the rain, soon the long-tail funds in the market will be fixed, making the native altcoins in the crypto world even more unclear. Now, any altcoin with a bit of promise is probably connecting with traditional market institutions; early projects that link coins and stocks benefit, while those who are late can only sip soup. Old coins that can't rise in the crypto market may eventually head towards zero as macro fluctuations rise and fall.
In short, this round of altcoins is really hard to play, possibly the final clearing of the previous rounds of altcoin bulls, and then the crypto market and stock market begin to move towards a new era of coin stocks and stock coins.
Since altcoins are not rising, which altcoins are suitable for shorting?
Let’s talk about the logic of shorting:
1. The kind that has risen 5-10 times in the last 2 months.
2. Market cap is inflated, pure air market caps over hundreds of millions.
3. The main players show signs of unloading, still at high levels.
4. New coins just released, with no applications, continuously declining.
(For specific coins, please follow me.)