Bitcoin has returned to 106,500. Sweet Dream issued a timely reminder yesterday that Bitcoin and Ethereum did not decline as expected; instead, after retracing to the neckline, they did not break below it. Therefore, short positions cannot be held for now, and one should prepare to look for opportunities to go long.
Bitcoin has been maintaining above 105,500 in the past few days, with low volume, but the price keeps pushing higher because there are too many short sellers. As the price rises, short sellers enter the market, leading to a slow upward trend. In the short term, the market is expected to push up once more to liquidate these short sellers. Bitcoin is still in a rising wedge pattern at a small level, and this pullback is expected to be the last one, with a projected peak around 107,200, after which it will start to decline. This is the current judgment, and any changes will be announced by Sweet Dream.
Ethereum has been oscillating around the 2,450 position for the past few days. At a small level, it is still in a rising wedge and has started to show a correction trend. The current small-level rebound can be understood as a trap for buyers before an accelerated decline. Above 2,480, there is significant selling pressure, and the contract and spot CVD have no volume left. Today, it feels like it will spike to 2,470 at most before starting to decline; this is the current predicted trend, with a temporary low expected around 2,330.
Many altcoins have rebounded by 20% to 30% in the past few days, especially some like meme, wif, bananas31, and tut. Many from uni and ethfi have also seen significant rebounds. As long as Bitcoin and Ethereum remain range-bound in the next few days, many altcoins will take this opportunity to surge.
Something big is coming!
Trump's crypto team WLFI's USD1 has officially landed on Bitcoin Thunderbolt! What does this mean? The Trump team is directly endorsing Bitcoin Thunderbolt, which outshines the endorsements from CZ and Musk, making it a super bullish signal!
USD1 + Thunderbolt is definitely the highlight of the second half of the year. With the stablecoin USD1 landing on Bitcoin Thunderbolt, Bitcoin's technological innovation will bring a new wave of larger capital liquidity. Wherever Bitcoin's hotspots are, capital will follow—this is an eternal rule.
Circle's IPO has increased nearly eightfold in the US stock market, showcasing the potential of stablecoins to the world. USD1 is standing at the forefront, having been deployed on Bitcoin Thunderbolt, which means the deployment of stablecoins on the Bitcoin native network has officially begun, filling a market gap.
Previously, Bitcoin was only used for value storage, but that's not the case anymore! Bitcoin Thunderbolt has upgraded Bitcoin, allowing USD1 to achieve a fast, cheap, and programmable stablecoin experience. It does not require cross-chain bridges or wrapping; the era of true mainnet-level stablecoin payments has arrived.
Moreover, it is currently the only stablecoin operating on the Bitcoin mainnet, which can empower lightning-fast BTC payments and native DeFi on Bitcoin in the future. One could say Bitcoin is no longer 'idle' and has truly become usable. This project is so promising; getting in early means early profits!
Today's wealth secret—$HSK
Daily arc pattern, breaking through the moving average. Directly chase HSK. Dare to drop, dare to increase positions! In the short term, there is still a certain chance to miss out on Hong Kong stocks and US stocks; the funds in the crypto concept circle will pursue. Although HashKey has many issues, the choices are limited; price fluctuations are only related to capital inflows and outflows.
