Last night, a total of 89,247 people were liquidated globally, with a total liquidation amount of $199 million. ETH formed a right-side pattern between 2403-2420, rebounding to a maximum of 2457, allowing for profit-taking. SOL was entered at 138 in the early session, with a profit of $1.3 already. Although the market is poor, executing the trading plan is key; profits must be taken, and losses must be cut; do not frequently alter the plan!
Today's Hot Opportunities:
1. SaharaLabsAI's grand slam plummeted last night after opening, with a 600 million FDV doubling on new issuance, but the contract rate has dropped to -2%, leading to a surge of shorts, causing losses for buyers.
2. cookiedotfun's first project sparkdotfi airdrop has started; the first 500 users of Cookie Snaps share 5 million SPK.
3. A U.S. judge rejected Ripple's request to pause the appeal against the SEC, demanding a declaratory judgment.
4. Binance delisted ALPHA, BSW, KMD, LEVER, LTO; yesterday's delisting caused chaos, with BSW's price skyrocketing the most.
5. AI platform yupp.ai, backed by a16z and Coinbase, integrates mainstream AI features. Users earn points by rating and can withdraw a small amount; accumulating points early may lead to later airdrops.
BTC
Currently, 99% of Bitcoin holders are in profit, with only a small portion of people who chased highs being trapped, but it’s only a matter of time before they are untrapped. Therefore, whether trading short-term or holding long-term, Bitcoin remains the top choice.
BTC has repeatedly tested support without breaking down; shorts have locked in profits and exited. Selling pressure around 106,500 has been digested, so shorting is not advisable for now. The current descending wedge looks bullish; it may rebound to the previous high or a new high. Planning to short at 108,000-109,000; if the rebound lacks strength, shorts may be entered early.
ETH
Yesterday, the maximum accumulated funds in ETH were 596m, now only 15m left; BTC accumulated 786m, now down to 492m. It seems ETH holders lack confidence and are fleeing quickly. ETH has a high turnover rate, with trading volume larger than BTC. When BTC rises, everyone bets on ETH following; when BTC pulls back, everyone rushes to exit ETH.
ETH saw a minor pullback but did not break support, resulting in a rebound. The overall trend remains bearish, but a descending wedge has formed (a bullish signal). It is expected to rebound to around $2520; if the descending wedge is confirmed, consider shorting at high levels; if the rebound lacks strength, prepare to enter short positions early.
Altcoins
SEI
Now mainly waiting for oversold signals to trigger; if it overlaps with the EMA55 support, it would be more reassuring to continue going long.
DOGE
Short-term pullback at the 4-hour MA30 support, which has not been broken multiple times, indicating effective support. A small W bottom is forming, a bullish pattern; a breakout could be attempted near $0.162, targeting the upper edge of the rectangle. The 15-minute line is close to the neckline, allowing for room to add positions!
In extreme market conditions, trading volume can reveal the issues. During continuous rises, if the volume expands at high levels, it does not necessarily mean a peak, but the bullish risk is increasing, so caution is advised.
Extremely high volume at the end of a decline indicates that emotional release has peaked, reducing the risk of further declines. Volume acts as a risk indicator, reminding you not to chase high prices or panic sell; caution is required in operations. Most importantly, do not use volume to guess the intentions of the main players or whales.
On-chain
USDUC
3 days of increase, just as expected, it started a one-sided rally on June 22. Narrative + technicals + metaphysics = unsolvable.
It formed a wedge before a 7m one-sided surge to 21m. Such coins are strong conspiracy plays; a small bite is okay, but once it launches, everyone knows it’s related to strong #titcoin. If it stays above the daily MA5, it can be held with confidence, just monitor the daily and 4-hour lines; the current price is 20m.
Market is quite dull; as requested by fans, here are a few coins:
1. useless coin: daily line shows a one-sided rise, not breaking MA5, simple logic, current price 140m.
2. $aura: The whales operate in the comfortable selling range of 100m-250m.
3. $joe: ETH little yellow man, hit a historical high of 60m, showing strong performance despite market conditions.
4. $BULLA: wlfi competition has a lead in volume, surging again; bad whales, current price 0.1.
5. $labubu: Breaking the 20m level could be troublesome; strong whales may cause a false breakout before reclaiming.
6. $alon: pump issuance delayed; there are still upward opportunities at the 10m position.
7. $usduc: titcoin's new project, with small DNF accounts involved, showing strong momentum, current price 20m.
