Bitcoin violently broke through 108500, then fell back to around 107700. Yesterday's sweet dream in the article forced a squeeze! Bitcoin oscillated in June, crashed in July, bottomed in August, and surged in September! The Bitcoin ecosystem surged, this coin is going to the sky! Trump made 100 million in the coin circle in half a year! Now planning to run away? It reminds that the Bitcoin squeeze market has not ended, and the probability of a continuation of the rebound is high. Pay attention to 1080/1092 above. Today's Bitcoin met expectations and rebounded. Earned 93%!
BTC
Currently, Bitcoin faces heavy resistance above, so my strategy will shift to focusing on high shorts. (A bit left-sided)
108000-109000 left side short, the reason is that the left side break point is within this range. Even if the above range breaks, the upper 110400 is still very strong, so it can still be shorted, so we will continue to focus on high shorts. It is important to note that if this point is broken, there is a high probability of a new high, so set a good stop loss.
The preferred low long is 106100/104700, both have rebound opportunities. Waiting for liquidity to return.
Currently, BTC is oscillating below the $108000 downtrend line, with weak market conditions repeating oscillations, and always moving towards easier directions. Meanwhile, BTC's 4h line has a pullback trend, the market is dull, waiting for opportunities.
ETH
Ethereum's weekend saw a small stepped upward trend, with 2460-2380 being the short-term operating range and strong resistance at 2540-2570. It tested near the shoulder line again during the day. It tested near 2460 again. If it cannot effectively stand above it, it will once again consume the short-term bullish power. The short position risk-reward ratio is still acceptable.
If 2380 breaks, it will weaken, and wait for rebound opportunities at 2210/2310, where the latter needs to wait for testing.
SOL
SOL chose to break out with volume over the weekend, and along with the market, it welcomed a rebound, reaching near the downward trend line of the past month. A true breakthrough has a short-term target of around 158-160. A small-level pullback supports at 148, and further looks for higher positions.
However, if it breaks and then falls back (false breakout), it will drop significantly towards 120-130. Whether it breaks or falls back should be revealed in the next couple of days, forming a huge trend with significant operational opportunities. Everyone can pay attention!
Altcoin
This week's altcoin hot topics have been completely overshadowed by U.S. stocks and Hong Kong stocks' crypto concept stocks, traditional funds have concentrated on Bitcoin and stablecoins, resulting in a bull market solely for Bitcoin. It is impossible to form a situation of large-scale flooding.
Ethereum and other altcoins are completely just a zero-sum game between the existing funds in the market. As the number of coins increases, without incremental funds, there will be no mainstream altcoin market.
I believe this pattern will also be difficult to change in the future; the profit period in the coin circle has almost disappeared, and apart from a few leading coins that still have some long-term value, other coins will accelerate their elimination by the market.
Currently, the crypto market needs a large narrative and expectations to stimulate market activity, otherwise this situation of 'top frenzy, altcoins lying flat' is unlikely to change in the short term.
The next few key time nodes are worth paying attention to:
July 1: SUI unlocks $120 million
July 2: ENA unlocks $45.59 million
July 30, September 17: The Federal Reserve may take action to lower interest rates
Just a final reminder: if altcoins do not rise, don't foolishly wait, Bitcoin is the foundation that can transcend cycles.
Today's wealth code:
CARA
From the current 4H chart, there is a phenomenon of bottom divergence, and there is a possibility of a double bottom on the main chart. From the project side, it seems they want to take advantage of this high liquidity environment to push up and create some events. The two potential resistances above are the 0.25 area and the 0.28-0.29 area, with the maximum stop loss being a price drop below 0.21.
DMC
The first RWA project based on cars on SUI, current market value FDV 82 million, MC 17 million, second-line assets + Binance alpha + Binance contracts. Overall, from the $SUI ecosystem, this project's IP and endorsements, resources are good, and can be a key focus;
