With the ceasefire between Iran and Israel, the cryptocurrency market has surged. Bitcoin reached a high of around 106000 dollars, and there was a general rebound in altcoins. Yesterday, Sweet Dream reminded in the article (oversold rebound! Bitcoin plummeted below 100000! Hasn't it hit the bottom yet? Don't rush to bottom out! Altcoins are being washed out! Should we pick up bloody chips?) that: 'After a sharp decline, we can do oversold rebound trades. I like to call: wif, pengu, virtual, and fartcoin the old actors, as every rebound they make is a vanguard.' Today, they have all surged, and fans who got in must have made a fortune.
BTC
Bitcoin's deep V rebound surged by 6000 points. The main reasons are three:
First, the 8-hour funding rate has turned negative in the short term, with more people being bearish and accumulating over several days.
Secondly, Trump is leading the mediation to stop the conflict between Iran and Israel. The influence of news is unavoidable.
Third, the expectation of the Federal Reserve lowering interest rates in July has increased. If implemented, it will increase to two cuts of 25 basis points.
Currently, Bitcoin's price has rapidly rebounded due to news factors. As Iran and Israel announced their support, the price began to accelerate its rebound. As of now, the price has risen above 105000, but this wave has moved a bit fast, so there may be a pullback after touching the pressure line.
Secondly, there may be some unexpected developments in the news. Although the war has temporarily ceased, Trump may start stirring things up again, such as tariffs. The biggest beneficiary of this wave is undoubtedly Trump. Based on the chart, pay attention to the area around 106000 above, which is also a pressure line. The small-scale indicates a slightly higher point, so if there is a pin after reaching this position, I will consider entering the market to short and make a profit from the pullback. The expected low point for the pullback is around 103000, about two to three thousand points profit! BTC pressure levels are 105588 and 10800, looking for suitable positions to establish short positions.
It is very obvious that Bitcoin has reached its peak now, and small coins have entered a downward channel, with many being halved. However, the cryptocurrency market won't drop all at once during the correction. My expectation for Bitcoin is that it will hit the bottom in July or August, with a lot of fluctuations and rebounds in between.
In recent days, some Federal Reserve officials have indicated that a rate cut in July is on the table, and the probability has indeed increased, but it is still less than 25%. We should pay attention to this matter in July. I still think they won't cut rates, so if it goes up, we must take profits. Additionally, if the ceasefire is officially effective, the market will have to return to the discussions of interest rate cuts and tariffs, as well as the economic fundamentals. Only with a formal rate cut or stable coin legislation passed will there be a possibility of a major trend; otherwise, it will still be volatile. When it goes up, we should still take profits, and during the volatility, both long and short positions should not be greedy.
Ethereum
The Ethereum daily line quickly retracted after hitting the pin at 2100, and has now broken through the 2385 position, with the current price at 2420.
Ethereum's Eth small-scale trend is supported by a dual pattern, belonging to a head and shoulder bottom + U-shaped bottom. The current price is at the neck line position. Usually, after reaching the neck line, there will be a pullback, continuing to decline to form a descending wedge pattern, and then start to accelerate upwards to break through the neck line and complete the reversal.
ETH pressure levels are 2435 and 2541. Looking for suitable positions to establish short positions. Just added a short position at 2433, continuing to look for a pullback after the rebound.
These three coins are about to unlock large amounts, boldly shorting will lead to easy profits.
The coins shown in the picture are about to have large amounts unlocked, including BLAST, AXC, and KMNO, which will undergo significant unlocks this week, releasing an equivalent of 20% to even 30% of the circulation.
Starting in July, SOLV, TRUMP, and our old friend ZRO will unlock, which is equivalent to 20% of the current circulation. This is a significant selling pressure, and the price will definitely plummet.
I still hold Trump's long-term short position; it has halved from 16U. These institutions ran away as early as the end of May. Those who want to short altcoins can prioritize choosing coins with large unlocks.
We are also opening positions daily in the short term. With institutional data in hand, there are also positions opened every day, so if you haven't paid attention to Sweet Dream, hurry up and take a look. Earning 20% is still easy, just with your right hand.
Lastly, I want to say that the cryptocurrency market is the easiest place to make money because retail investors cannot see the main force's orders, the altcoin unlocks, and the on-chain large holders selling data. If you can see this, you will have a huge advantage, almost like insider information. I update this data and operation in real-time every day, allowing you to greatly outperform retail investors and earn tenfold or even dozens of times the profit beyond your recognition.
