Analyzing fiercely, price movements all depend on President Trump! The situation in the Middle East has temporarily eased, Bitcoin has risen back to 10.6, stabilizing around 10.5 dollars. Major coins are rebounding, and altcoins are following! A few days ago, the entire network had a liquidation of 1.2 billion dollars, and now the familiar market conditions have returned; only significant volatility in the crypto market presents opportunities for profit! If it keeps consolidating, where does the wealth effect come from? Next, we will see if there are any other oddities.
Today's hotspot opportunities:
1. US stock CRCL soared to $298.99 last night, close to $300; in the crypto US stocks, SBET and SRM did not rise, falling back to around $9.
2. OK rumors about IPO in the US, OKB rose to $56, then fell back to $51.
3. BNB micro-strategy advances; altcoins imitate traditional market financing to drive up token prices.
4. Bonk's USELESS reaches a historical high, with an FDV of 140 million dollars; it is recommended to pay attention to the Bonk series.
5. CEX rebounds with the overall market, LQTY, RSR, WIF, and other altcoins are strong; can continue to focus on them when the market stabilizes.
6. B's new play combines Coinlist + Kaito, 3 BNB investments will be unlocked according to the project party's arrangement, and tasks can be participated in to earn airdrops, which is worth paying attention to.
BTC
Currently, BTC is driven by news, this round of increase mainly relies on contracts without spot support; the higher it rises, the more it may pull back. Just bottom out when there's bad news (1-hour chart doesn’t move down) and sell when there's good news. High volatility brings high returns, but the difficulty of operation also increases. Few people have caught this wave of increase, and after it rises, they are confused: why did it rise so much? The price is already high; it’s time to look for short opportunities!
BTC focus: support levels 100300, 97669, 93246, resistance level 109500, current key points 107507, 106132, 104757, 103055-103366. The reason for these points is that there is demand for fluctuations at these levels; they are all resistance levels from the past month!
ETH
The next movement of Ethereum may be: 2380 (clear long positions) → 2431 (fill CME gap) → 2480 (break through resistance) → significant rise. This morning there was a strange phenomenon, BTC quickly filled the CME gap, but the ETH gap hasn't been filled yet. Why?
Because 2400 is not only a resistance level on the 15-minute, 4-hour, and even monthly charts, but the previous bull market at 4000 points also started from here. ETH's main force hasn’t exerted itself yet, and it’s normal for the gap not to be filled. The rise this morning was mainly caused by short positions being liquidated. Currently, the long position at 2380 is not large, and the main force may not take it, but there are 1.7 billion in short positions at 2450, which is very attractive.
Altcoin
If mainstream coins like BTC, ETH, AAVE, SOL haven't risen, other altcoins are unlikely to be worth watching. The crypto market is still immature, and most coin movements follow Bitcoin. Altcoins occasionally have independent market trends, usually high-position unloading; if you're not careful, you become the one buying the top.
Yesterday I also answered about the market crash and which altcoins can be bottomed out. Later, I added to my position and mentioned that altcoins can be played with (how many big coins do people in the crypto circle hold? Aren't there still more altcoins and shitcoins!). Follow WIF, PENGU, VIRTUAL, FARTCOIN, and you will be profitable again.
On-chain
The on-chain memecoin market reverses daily; it was quiet yesterday and today it’s bustling. Last night, several small coins with a market value of tens of thousands multiplied several times, and the speed trading on SOL made a comeback. Trading coins feels like being a monkey in a circus, busy spinning around!
$baobao
What a 'baby', today it also surged, and the internal team followed suit, making 5 times profit!
$IKON
It is a Web3 e-commerce platform, similar to 'Amazon', supporting cryptocurrency shopping, less competitive than U-card, but its potential lies in user volume and product richness. After experiencing great ups and downs, the token washout is over, mainly foreign users, with few local participants, currently building positions around 30, waiting for the market value to return to the million level. (Join the group for real-time operations.)
Recently, everyone is discussing the interest rate cut in July. Although two Federal Reserve officials hinted at the earliest rate cut in July, the data observed by the Federal Reserve indicates that the probability of maintaining the interest rate in July is 79.3%. Therefore, the first rate cut in the second half of this year is likely to occur in September.
