Bitcoin first surged long and then short with a $3000 fluctuation! Musk, due to disagreements on the 'Big and Beautiful' tax and spending bill, has clashed again with U.S. President Trump and entrepreneur Elon Musk. Bitcoin plummeted by 3000 points, dropping to around 105100, and Bitcoin has expectedly found support near 105100. It has now rebounded to around 107400. Bitcoin's price has returned, but everyone's positions are gone. This morning, Sweet Dream posted 106000 to go long, surging by 1600 points with a profit of 82%. Currently, Sweet Dream has taken profits at 50%, hoping for a higher rebound with the rest.
BTC surges! Will it directly reverse to a new high? Where will it rise to? Will it drop again?
Bitcoin's 4-hour zero-cross golden cross V-reversal strength is still good. Bitcoin has recovered all of yesterday's declines. After breaking through 107700/107850, closely watch the upper line of 108800 to see if there will be a strong bullish breakthrough stabilizing at the strong resistance of 108800.
From the perspective of volume-price relationship, compared to the rising trading volume during the three days of 6.23-6.25, the trading volume during the past two days of decline is noticeably smaller, indicating that selling pressure is relatively weak. Therefore, the probability of Bitcoin's oscillating rise is relatively high.
Will it drop again?
Bitcoin will definitely have a pullback. As for whether it will transition from a shallow pullback to a deep adjustment, it cannot be seen at the moment. When such signs appear, I will warn in the community. The current effective support below is [106500-106700]. If it effectively breaks below 106500, the huge advantage that the bulls built today will basically collapse by half.
ETH
Recently, although Ethereum's decline verified the false breakthrough of ETH 2480, it also verified that the support below 2376 is strong enough, followed by a rapid rebound. Ethereum is currently oscillating in the range of 2465-2404. Yesterday's false breakdown of the range has now returned to operate within the range. If Ethereum cannot break through the midline of the range, it cannot continue to rise.
I personally feel that after the adjustment and repair of Ethereum is completed, the bullish main force will further exert strength and hit the 2520 bull-bear watershed.
Altcoins
Altcoins have all fallen hard. Bottom-fishing altcoins is getting riskier; don’t wait for altcoin season. What you should do is: short yourself to create an altcoin season!
Sweet Dream previously emphasized in the article to short altcoins. Any altcoin that has surged in the past few days has been the target for retail investors to short, simply put, liquidity cannon fodder! Recently, I have also insisted on shorting altcoins at highs and shorting unlocking coins. If you want to know which coins to short or have no selection, you can ask Sweet Dream. The strategy for altcoins needs to change with market conditions; there is no strategy that always makes money, but there must be strategies that can consistently make money.
Which altcoins can be positioned?
This afternoon, Sweet Dream recommended Portal, and Sweet Dream's position of over two thousand dollars has already doubled in profit. Comfortable! I shared it with everyone immediately, and I believe the brothers who followed are starting to earn big!
Today's wealth code: ARB
Recently, there is positive news. Robinhood has deployed over 70 types of US stocks, including Amazon, Google, GameStop, UPS, Costco, etc., all deployed on the Arbitrum public chain and launched as tokens.
ARB had accumulated funds before, and there has also been capital absorption in the past six months. This time, ARB should also be a spot market operation. Whether there can be a big market depends on the main force's mood and the overall market. The basic narrative, capital absorption, and sentiment are sufficient; it may be a good time to buy on dips.
On-chain
PLUME: RWA public chain, also rebounding from the bottom. Officially announced cooperation with $WLFI on RWA+USD1's strong narrative. We can expect subsequent chemical reactions. From the current market situation, the future will definitely be stronger with stronger players. If you have resources, narratives, products, and capital, you can stand out among altcoins, and $PLUME is one such existence.
$NEET: I started paying attention again when it was horizontal at 4.1M. Previously, I made a wave from 5M to 30M. The narrative angle is a satire on unemployment and employment issues. This wave has been horizontal for too long and has just started.
RICH: From the narrative and market capitalization perspective, it should be considered the leader on the moon. The other side of the label is new plates, a foreign conspiracy group. If 10M can run horizontally for a wave, that would be great. This narrative is fully capable of reaching 30M.
