BTC breaks through the 100,000 USD mark
The long-held 100,000 USD mark has been broken today due to the struggle between Iran and the United States. With this break, the bullish trend has been disrupted. If the lower support at 97,326 USD cannot hold, then we may see 93,000 USD. According to the current trend, it seems likely to continue declining for another half month.
The 3-day average KDJ for BTC has formed a dead cross, showing a top divergence, and the bears have begun to exert pressure. Based on the current trend, it is expected to drive a larger wave. If the weekly level wave is successfully driven, it will likely continue to oscillate for at least two more months until the interest rate cut expectations in September, when it may adjust and continue to rise. Thus, now is an opportunity to short, primarily focusing on high shorts, and it is also a chance for spot market positioning. If entering the spot market, it is recommended to wait for a drop after the 3-day average, about 1-2 weeks, which means around July 5th, to see if the average line stabilizes before considering entry.
Regarding altcoins, the only one I am currently observing is WCT, which I am planning to bottom out. The reason for my attention is simple: after significant ups and downs, it still maintains such enthusiasm, indicating strong market support. It has the potential for a resurgence, but currently lacks a catalyst.
About WCT
WalletConnect (WCT coin) network is a decentralized infrastructure for connecting applications on any blockchain. This service covers all blockchains and platforms, aiming to provide the best on-chain user experience, allowing customer preferences to be unrestricted.
Key development focus of the WCT project
Wallets, applications, and users connect here, promoting user experience innovation, expanding the ecosystem, and guiding the network towards a decentralized and permissionless future.