Sister Bei has reduced her positions on the coins she holds; the floating profit has retreated to 250,000, with total returns at 16%. This battle is being paid for by Sister Bei's wallet.
This week there were actually multiple positive factors, but they had no effect at all, such as the stablecoin bill passing in the Senate, a surge in stock prices for CIRCLE and COINBASE, continuous net inflow into ETFs, and Musk tweeting support for PEPE. The market seems to ignore these positives completely, but once negative news appears, it crashes. On Friday, Trump created a smokescreen, and last night the US military suddenly launched a surprise attack code-named 'Golf', marking America's formal intervention in the war. Once the US intervenes, they will not easily withdraw; Iran will also retaliate, and next week will primarily feature negative news. It seems that only shorting can make money now.
Market sentiment is scattered, and Sister Bei has lost interest in playing, reducing positions on every rise, with holdings already down to 70%. This account plans to withdraw 10,000 USDT as a reward. Recently, KOLs are either traveling or leaving the scene, trading US stocks, but there is one thing they are not doing: trading cryptocurrencies. The entire circle has a scattered sentiment, and the market trend is stagnant; mainstream altcoins are hardly traded, and even dogs ignore them.
BTC, ETH, SOL, and PEPE have all broken out with increased volume. This breakout not only fell below the recent large triangle convergence lower boundary but also broke through significant Fibonacci support levels. Yesterday, the rebound confirmation failed, and this morning it was pulled down again by negative news, resulting in an effective breakdown. Therefore, reduce positions in batches at the middle and upper Bollinger Bands on the 1-hour chart, leaving enough positions for defense. The bears currently hold such a significant negative card; breaking below 100,000 is no longer enough for them, and a sharp spike through the level is very likely. If it doesn’t hold, Sister Bei plans to continue liquidating and observing. If Bitcoin can hold with massive volume at 100,000 and shows signs of a downturn like a long lower shadow, that will be a good time to enter. I will fully reinvest on the right side; there is still a possibility of a W-bottom formation here.
RAY took advantage of the favorable news to rise and unload, surging nearly 50%, breaking through the original downward channel, but within two days it all fell back. The intentions of the main force to unload are not even hidden; they truly have no shame. Luckily, Sister Bei decisively made significant reductions at the high point, and RAY's positions have been reduced to 50%. Although still at a loss, there is no anxiety anymore, and there is an opportunity to continue reducing positions, with no plans to buy again in the short term.
Aside from the situation in the Middle East, also pay attention to the progress of WLFI and PUMPFUN in issuing coins; both are super predators sucking the market dry. If no new market narrative emerges, it is estimated that these two bombs could blow through mainstream altcoins. Therefore, in July and August, we will have to wait for interest rate cuts and ETF narrative expectations to rise before we can see significant market movement. So it’s still better to be conservative, keeping enough positions and ammunition to cope with a big drop. Bitcoin adjusted for 5 months after creating a historic high for the first time, and adjusted for 3 months after the second high. How long will this adjustment last?
