At the beginning of July, BTC and ETH experienced slight declines. Currently, the market is heavily influenced by tomorrow’s non-farm payroll data, with a strong sense of wait-and-see and low liquidity. Potential coins can be focused on for spot trading; it is recommended to operate with a light position and prioritize stability. Be wary of the negative impact from 'Chuan Ma Show' performance, which may brew a new narrative in the spot market that could trigger a small reversal.
Yesterday's article mentioned that shorts could be placed at positions 107-108, and I publicly reminded that below 106300, continue to hold short; those who followed made a profit of 238%, feeling satisfied.
Today's hot opportunities:
1. Federal Reserve Chairman Powell: Whether to cut interest rates in July is still uncertain, and does not rule out the possibility of raising rates at any meeting. Compared to previous expectations, the attitude has clearly softened, with the market generally expecting a rate cut in September.
2. The Kaito Launchpad platform is about to go live, with TGE expected soon; Anoma's testnet continues to dominate the rankings, which is worth paying attention to.
3. $egl1 was also listed on alpha yesterday, H has more than doubled, and is still rising, $skate also increased by over 40%.
4. Last night, Bitcoin ETFs saw a net outflow of 340 million dollars, and ETH ETFs had a net outflow of 14 million dollars, marking the first large-scale net outflow recently, possibly due to market concerns over tariff uncertainties.
5. U.S. stocks XRP reserve company Webus surged over 87% during trading, TAO reserve company Oblong increased by over 10%, BMNR rose by 120%, with a trading volume of 1.738 billion dollars.
6. Recent on-chain memes and CEX altcoins have followed the market's weakness, showing little promise. xStocksFi has been very popular recently; it is recommended to study it in depth.
BTC
As expected: BTC dropped below the small range to 105000, capturing the bullish liquidity with a 4-hour 'breakout reversal'. The futures market's short liquidation area has shifted from 8300 to below 110000, contributing to profits from short-term stop losses. In the short term, focus on the performance after hitting 107000; if rejected, it will turn back. Conversely, it will seek to reach 107600.
Strategy: BTC daily closes below 106300, continue holding my short position. If it breaks below 104600, it will quickly reach the second take-profit level of 103300. I have set up a protective take-profit, so even if the price rises, I can exit profitably, providing double security. If BTC does not break below the key support level on the daily chart, I will switch to long after this drop is over.
ETH
ETH is starting a sustained rebound at a small level. Currently, our long position has made a small profit of several dozen points, with a low of 2373 yesterday, close to the 2343 support, currently hovering around 2403. A rebound during the day may be imminent, so watch for signs of a bottom. Additionally, the rebound high point can be seen around 2465, which is also the wedge high point. If it fails to break through successfully, we will consider taking profits in batches!
Portal skyrocketed!
Follow traders are making double profits! With a position of over two thousand dollars, profits have already doubled, feeling good.
Answering the coins that fans ask about the most:
$S
To conclude, the $S token continues its downward trend; it is recommended to enter at the green dashed line and stop loss at the red dashed line (DYOR); left-side trading carries high risk, and repeated stop losses are likely to incur losses. One should find the trend reversal point to enter; if the continued drop does not trigger, there will be no loss. To catch the low point, one needs to lower the entry and stop-loss points.
$Kaito
Yesterday, when BTC corrected by 3%, $Kaito rose by 2% against the trend. I suspect that this upcoming LaunchPad for KaitoAI in July has significant content related to sKaito. From a purely technical perspective, the rebound looks healthy, with an initial target of 1.8; if it breaks through or challenges previous highs.
On-chain
Recently, the enthusiasm for tokenized stocks has surged, but on-chain liquidity is pitifully low, with not even a phenomenon-level coin like Dogecoin appearing. Looking back at related memes:
The market value of stockcoin is currently prominent, stabilizing at three to four million dollars.
The dividend token $SIF opened and surged to 5 million, then quickly fell back to several hundred thousand.
The memestock's opening high point was less than 3 million, and it has also been on a downward trend.
Even though I caught the xStocks with a sevenfold increase yesterday, it fell back to 70-80 thousand after rebounding to 300 thousand. The crypto circle seems to show little interest in stock-like tokens, or is it that the real craze has not yet arrived, with everyone waiting for a clear signal?
