Is the dog dealer not pretending anymore and going straight down? Today is a turning point; how will it go? Have you found the reason for the losses? Are you still gambling? Chasing highs and cutting losses, all-in, and following signals are just giving away money! Here are a few pieces of advice: Play contracts with light positions, set stop losses on spot, don’t go all-in on altcoins, trade short-term for timely profit when the market is unclear, USDT is more reliable than coins.
Today's hot project opportunities
1. Trump criticizes Powell as a 'disgrace to America' and calls for a 250 basis points rate cut.
2. Kraken's chain Ink will issue coins, and the market reaction has been tepid, with no one paying attention.
3. TacBuild is an EVM chain expanding for TON, requiring 30 TON to participate in NFTs, with a relatively high price; participation can be done through Kaito research.
4. The presale of the UPTOP token starts today (June 20) at 17:00, with a total of 1 billion tokens, raising $1.5 million (10%), expecting a 10x return, and accounts need to be prepared in advance.
5. On-chain enthusiasm is rising again, with gor soaring to a market value of $50 million in two days.
6. Musk posted a Pepe meme last night, leading to a chaotic lack of consensus; participation is discouraged.
7. ETH and Base chain memes are gaining attention, such as ETH chain Aros (dog-themed, $2 million market cap) and Ishi ($1.3 million market cap).
BTC
Looking at the BTC spot order book with 10% depth, there are large buy orders supporting at 74,000, but after raising the price, only sell orders at the high points are seen, with almost all being sell orders at the high points. Indeed, the dog dealer only supports the market at the bottom, buying low and selling high.
Bitcoin has recently consolidated around the 104,000 point, with shrinking volume and limited fluctuations. In this market, it is advisable to avoid frequent operations as day trading carries high risks; a moment's inattention could trigger stop losses. The recent performance of altcoins has also made people cautious, and market sentiment and direction could clarify quickly, possibly as soon as today.
My personal expectation is that it may first rise, clearing shorts in the 105,800-106,100 range before dropping, providing a better opportunity for shorting. If it drops directly, it is advisable to wait until below 102,000 before considering building positions for a rebound. The key support below is at 100,800; as long as it does not break, the market will remain in a wide fluctuation range around $10,000.
ETH
Recently, the number of Ethereum whales (holding 1,000 to 10,000 coins) has surged, but the coin price has not increased, indicating significant selling pressure; pulling the price up is key. Next Friday is the ETH quarterly options settlement, with approximately $2.27 billion in options expiring, a put-call ratio of 0.5, and the maximum pain point at $2,200.
Short-term support levels for ETH are 2403, 2343, and 2215, while resistance levels are tentatively set at 2665-2719. Currently, 2466 and 2542 are key points; last night's position at 2515 and the entry near 2490 have not incurred losses; it is recommended to reduce positions at high points during the day.
Altcoin
PNUT triggers daily overselling. Bullish signals are emerging, but the price has not yet reached a key position; the range of 0.19 to 0.20 is worth paying close attention to, as it is both a bear stop-loss position and a potential entry zone for bulls.
The inducement structure previously indicated by HYPE has materialized, quickly retreating after a peak of 44.05; this point is an area of inducement and large sell orders. The current trend is weak, and continuous overselling shows that bears dominate. There are large buy orders at 33.105 and 29.993, and short-term bears or low-risk long opportunities may be around these levels.
ZKJ plummeted after the contract launch, showing a trend similar to WCT, MASK, and other coins, suspected to be manipulated by the same project team, rising to around 0.6 before crashing to 0.3; the short-selling strategy is currently yielding stable profits.
Binance Alpha pool's old and niche coins often drop during trading competitions. It is recommended to short the day before the competition ends, setting a -35% stop loss (actual may not be set), achieving dual profits through the 'new coin grabbing + old coin shorting' strategy; currently, only 2 stop losses have occurred, and overall performance is stable.
On-chain:
$YOURSELF has a market value of $1.5 million, 2,300 addresses, with 14.1% of tokens held by the top 10 addresses, issued on the believe platform by Twitter blogger thedulab (112k followers, former employee of JP Morgan, graduated from the University of Washington) with a narrative of 'confidence' advocating for investing in oneself.
