Bitcoin continued to fluctuate at high levels of 106800-108000 on Saturday, essentially just a few points of volatility, neither going up nor down, still a fluctuating market doing fluctuations, high selling and low buying, no tricks involved. Choosing to short at the high of 107700, or rebound near 106700, the rebound support and resistance levels are quite clear recently, nothing much to say about Sweet Dream, those who haven't profited yet, Sweet Dream will guide you in layout.
BTC
U.S. stocks continue to hit new highs, while Bitcoin continues to fluctuate. It is evident that hot money is concentrated in U.S. stocks, with the S&P, Nasdaq, and Dow also reaching new highs. Bitcoin has been in a sideways trend for 3 days at high levels, showing no new upward desire, which indirectly confirms the impact of liquidity transfer back to the crypto market. Today, Bitcoin's intraday fluctuations were small. The small level only saw a V-shaped rebound after a drop and then rise at the end of U.S. stocks. Overall, it is still fluctuating within a range, still treated with a fluctuating mindset.
The short squeeze market hasn't ended yet, the subsequent rebound is likely to continue.
Focus on the upper level: 1080/1092
Focus on the lower level: 1058/1044
The current Bitcoin holding has dropped to 2.05 million coins, and a quantitative change will eventually lead to a qualitative change. At this pace, the holding amount will drop below 2 million in about a month, which is crucial. Once a major market event occurs, it will trigger a Bitcoin shortage! Currently, the market is in a narrow range, looking at the liquidation map, the long and short liquidation points are $105600 and around $108700. The fluctuations are too small, and the short-term is affected by news, so patiently wait for the opportunity to change. Next week is very critical!
The script for Bitcoin in the coming weeks is as follows: I believe it will fluctuate between 97-108 for 4-5 rounds before showing direction, crashing in late July, buying at the bottom in August, and surging in September!
Ethereum
Ethereum's rebound high level continues to be in a consolidation phase, and it is weakly fluctuating at significant support and resistance exchange points. There is no obvious trend at the small level. Compared to Bitcoin, it is relatively weak. If it breaks below 2380, look for 2300, and if the short-term bullish breaks above 2480, continue to look for a rebound continuation near 2550.
Altcoin
Altcoin movements are still following Bitcoin, especially Ethereum. Bitcoin and Ethereum are in a sideways trend, while altcoins are slightly down! Bitcoin and Ethereum are down slightly, and altcoins are crashing!
If everyone looks at the market from the perspective of March-April, then altcoins can no longer be played, and many people are already disappointed with the altcoin market. However, the U.S. and Wall Street will not give up the opportunity of monetizing debt, with ETFs, interest rate cuts, stories, and 'national strategic reserves' competition, then there is still a bull market.
Disappointment to the extreme, the market is desolate to the extreme, there will always be a turning point. I believe altcoins are not without possibility, it's just that the market will have its preferences.
Some coins mentioned earlier are not recommended for purchase, especially new coins on Binance, which have recently plummeted. Small altcoins are removed quickly and also cannot be bought. If there is a bull market, funds will eventually focus on three directions:
(1) Mainstream coins and old MEME
(2) Coins from the Korean market.
(3) Coins from the American market.
Trump
Trump's team has started to withdraw from the pool, extracting $700 worth of coins, then I traced it down, and this coin eventually was transferred to OKX for sale. After six months of Trump’s presidency, he directly paid off a loan of 100 million, where did this money come from? I still hold my long-term short position on Trump, and it will be unlocked again in mid-July. I expect to add to Trump’s short position again in early July.
ACX
ACX will complete the unlock on Sunday night, so fans who previously shorted after seeing Sweet Dream's public account (Bitcoin skyrocketing to 100,000! Directly rising to 110,000? Are altcoins crashing? A thorough explanation: How to 'short' profit?) can prepare to take profits. Yesterday was the Blast unlock, and it was successfully profited, a big gain!
On-chain
WETH: WETH continues to be hot, odin.fun is this year's hot sector, the only choice to release liquidity in the BTC ecosystem. Many of the rises above are very strong, although the previous leader odindog has fallen, it does not affect the rise of others, there are indeed many surprises.
odin.fun bets big with small amounts, BTC deposits for purchase, but you need to observe the price at all times, it fluctuates rapidly. The WBTC I bought before had a peak of 110 times, although I didn't sell at the highest point, I was still satisfied! Find time to study it yourself, there are really many opportunities to make money.
Sweet Dream has also recommended this before. If you don't know how to operate, you can follow Sweet Dream, and Sweet Dream will send you the operation tutorial.
