Today's market is driven by two factors: first, the Middle East ceasefire agreement alleviates geopolitical tensions, reducing the risks of blockade in the Strait of Hormuz, which eases market sentiment and pushes BTC higher. Secondly, Powell's hearing provided limited information, emphasizing inflation pressures from tariffs, with no hopes for rate cuts in July, and September may be a window for policy adjustments; the US economy is stable, and there is no need for rate cuts to relieve employment pressure.
Today's hot opportunity:
1. Grayscale launched the Space and Time Trust, providing investment opportunities for SXT.
2. Aptos Labs partners with Jump Crypto to launch a decentralized hot storage network, Shelby.
3. On-chain speedy little golden dog: SOL's official interaction with solami, with a maximum FDV of about 12M; this morning Grok69 surged to 1M+.
4. New platform on the ETH chain klik_evm for ERC-69, with a maximum FDV of 13M, currently pulled back to 5M, watch the movements of the dog fund.
5. CEX altcoins rebounded with Bitcoin, public chain tracks $SEI and $APT showed strong trends, suspected strong funds involved, worth paying attention to.
6. NEWT lists on top exchanges, players making a fortune.
BTC
Bitcoin rebounded from a low of 98000 to 106500, close to the starting point of the big drop on the 20th, currently showing a volume contraction upward, with the hourly chart indicating a top divergence, possibly replacing a downward trend with sideways movement, and may continue to rise to liquidate shorts, watch for shorting points around 107800. Currently at the upper pressure level of the 4-hour downtrend channel, direct long positions are not recommended.
For short-term trading today, consider going long in the range of 103200-101324. As we approach the end of the month, market funds are limited, watch out for washout risks. Altcoins may have a rebound space, but retail investors should be cautious about chasing prices. In the choppy market, both long and short positions can be operated, but strict stop-losses must be set.
ETH
Yesterday, the oracle jumped in the first half, and ETH perfectly followed a curve trend of 2375-2431-2481, but started to weaken in the second half of the night. ETH broke through 2480, primarily influenced by Powell's mild stimulus, briefly deviating from BTC's trend, but soon followed the drop. The CME gap at 2431 has been filled, but spot prices have already started to fill downwards.
ETH seems like quality dry wood, yet hard to find the flames to ignite it. In operation, the plan is to close long positions first, and wait for stabilization above 2480 before opening new ones.
Altcoin
SUI
Officially exploded, Monday suggested entry around 2.1, opportunity at 2.4 to jump in, now it has surged to 2.8, peaking at 2.9. SUI is also a core project named by Wall Street, this wave of washout has just ended, and it will only continue to skyrocket.
The soft persimmons are the ones to squeeze!
In this rebound, my short positions were almost all meme coins and hardly affected, except for neiro which rebounded quite a lot, while others like moodeng, pnut, etc. remained stagnant. If I shorted Bitcoin, both long and short would be at risk, so a different approach can be taken to seek other altcoin meme soft persimmons to squeeze.
As for altcoins, I still say, just be a scoundrel, don't have a big vision! Many altcoins won't survive this period and will disappear in the long river of history!
On-chain
$solami
Indeed, to mine golden dogs, one must stay up late! $solami surged 20 times overnight, nearly 300,000 was invested last night (with support from Solana's official meme), decisively adding positions over 400,000. Initially thought a market value of three to five million would peak, but woke up to see ATH breaking ten million!
$TECH
After looking through TECH's front row, I have to admire these people, who would have nothing to do and stare at a Dev address on a Base chain! Keycat launched a project on the Base chain last year, with a peak market cap close to 200 million. I hadn't noticed that Keycat's project team publicly disclosed their Solana address.
The first glance saw a 1x increase, and in the next second it skyrocketed to 8x, truly tens of times the profit!
Mubarak, Broccoli714, BananaS31, TUT
At that time, the four coins voted for BN's spot, but it was the least participated TUT and BananaS31 that rose against the tide when altcoins were sluggish. Two basic conditions for trading meme coins:
1. Control is concentrated, there are few retail investors and trapped positions, making the cost of pulling up low;
2. Shorting the opponent's position is feasible, and can be converted into buying power through liquidation. Tokens with poor fundamentals are more likely to be manipulated into meme coins. (Opportunities to short these two will be sought later.)
