Bitcoin has risen and fallen many times, and has been fluctuating in a narrow range of 107,000-108,800. Although we rarely get the benefits of the rise, we are on the train every time it falls and pulls back. It can be said that we are on the train to short during the pullbacks in the past few days, which can be said to be very happy! Last night, Tianmeng reminded fans to short Bitcoin during the period of 108,000-109,000. This morning, Tianmeng notified fans to short near 108,700, making a huge profit of 74%. Then, he reminded fans to stop profit and exit near 107,400, making a huge profit of 1,300 points.
This morning, I notified that Ethereum would short at 2500 with a light position, stop loss at 2510 and target at 2560, 2450, 2400, and 2350. This was sent both publicly and privately. ETH hit the first target. Continue to pay attention to subsequent trends and stay vigilant!
BTC
Bitcoin has not broken through the horizontal pressure, the downward trend line has not been broken, it has fallen back to 108,000 many times, and the rebound has not reached a higher high. This is a very dangerous signal. At the current position, I will maintain a high-altitude view.
Bitcoin hourly level is a textbook-level M head pattern. If the hourly M head pattern wants to go further, it must fall below the neckline marked in the figure at 107256. Only when it falls below 107256 hourly level and a lower low appears, the hourly M head is considered to be established, and a deeper callback can occur.
Strategy:
High altitude: 108100-109000 is the most cost-effective position for shorting on the left side. This order has already taken two waves. -110400 can also be used for shorting, with a new high stop loss.
Low long: Wait below 106300/104700.
ETH
Ethereum surged in the morning and came back to the upper boundary of the consolidation zone. It fell back under pressure and should still be treated as a shock within the consolidation zone.
It seems that Ethereum will form three needles to test the top at the hourly level. If it cannot break through the highest price of these three needles, the probability of a correction will be greater than the probability of an increase.
Strategy: Above 2380 is strong, below 2380 is weak. If it enters a weak position, go for opportunities such as 2210/2310.
Above 2540-2570 is strong, below this is weak. If it cannot break through, then use this range as a short position.
Short-term trading can be carried out around 2520-2380, among which 2460 can be used as the strength and weakness level of this box.
Big whale moves! Ethereum plummets?
Nearly 100,000 ETH unstaked, worth $237 million. On-chain monitoring found that two addresses suspected to be the same whale recently unstaked and withdrew 96,000 ETH (about $237 million), of which 62,000 have been transferred to exchanges such as HTX and Bybit, and the remaining 33,000 are still held. Large ETH flows may attract market attention.
Copycat
Most of the copycat stocks have fallen back to the positive line at six in the morning. This market situation is speechless. I don’t know how long this market situation will continue in the future. I only know that the remaining people who are still playing will soon become national protected animals.
The copycat market has only risen a little today, and some people are shouting that the copycat season has arrived. Currently, macro liquidity is not in place. When macro liquidity is in place, the copycat season will begin.
Today, the U.S. debt ceiling has entered the debate stage. The United States is expected to release historic liquidity in August. Referring to the previous TGA releases, the 17-year copycat bull and the 23-year defi bull were born. This time TGA is coming again.
By mid-August this year, the United States will have exhausted its cash reserves. Wall Street is waiting for Trump to release a huge amount of TGA. If there is no injection, U.S. bonds and stocks will inevitably collapse together. It can be said that one thought can lead to heaven or hell. I hope that Trump can bring injection into the big water tank and turn the copycat gg into a real copycat season.
The layout idea of the copycat: shorting large amounts of unlocked coins at high prices
TRUMP
Yesterday (A huge market change next week! Bitcoin soaring by 10,000 points? SOL soaring by 160, and 30% in July? These two coins are going to go up, and you’ll make money if you know it!) On 9.2 and 9.3, everyone was asked to short Trump, because he will unlock a large amount in mid-July, and now we are making money, feeling great. But I hope he can go up again, giving me a higher opportunity to cover my short position, that would be perfect.
On-chain
Rich: Today, $rich coin is very popular and the highest market value is 10 million. This $Rich is the old OG with the same name. The current market value is still very low. After a round of explosion last night, it is flying again now. It is not too much to think that the market value of 1 million is not too high.
uptop: A lot of stocks have been washed out. Yesterday, we tried to pull up for the first time. Now it has fallen back to the support level. Look carefully at the three lines in the screenshot. The two blue lines are the areas where the dealers absorb funds during the wash-out stage, with an average price of about 0.03U. The red arrow line below is the volume. Comparing the volume with the K-line, we can see the relationship between volume and price. The low-level sideways trading, shrinking volume and rising prices indicate that the main chips are highly controlled and the main upward wave can be opened at any time.
