Good Saturday, brothers! Recently, many places have been experiencing continuous high temperatures of 40°, with surface temperatures even higher, making it hard to have any appetite or desire to go out! It feels like we could suffer from heatstroke at any moment. Should we take our families to the mountains to escape the heat this weekend? I hope this high temperature hasn't made your operations last night turn into FOMO chaos. In the last 24 hours, a total of 77,799 people worldwide have been liquidated, with a total liquidation amount of 198 million US dollars.
Key 'golden pit' of Bitcoin highlighted.
Yesterday's Bitcoin movement was as expected, briefly breaking the 108300-108800 range, presenting a downward trend. Currently, it is in a stage of fluctuation and rebound, but the strong trend has not yet appeared. The key resistance level at 108300 (Bollinger Band middle line) needs to be closely monitored; a breakthrough could lead to 108800, otherwise, it may fluctuate in the 107150-108300 range.
Technical indicators: MACD fast line is close to the slow line, green momentum bars are shortening, and bearish strength is weakening, indicating a potential golden cross brewing. The Bollinger Bands show that prices are fluctuating between the middle and lower bands, with a weak trend, so caution is needed to test the lower band support.
Operation suggestion: Long near the current price of 107700-108000, stop loss at 107200, target 108800-109000 to short.
Ethereum 'playing dead' hides big tricks, strong coins are the first choice for bottom fishing.
Ethereum's performance this year has indeed been disappointing; while Bitcoin is surging, it feels like a dull gourd. But don’t forget, the results of staking ETFs are bound to land sooner or later this year, and once the shoe drops, Ethereum's explosive potential should not be underestimated.
Ethereum operation suggestion: Long near the current price of 2510-2505, stop loss at 2480, target to see about 2556 to short.
If the market gives an opportunity to drop in the next two months, it will definitely be a good time to bottom out and stock up. Remember one thing: only pick coins with strong support from large players.
I found something super annoying:
The coins that can continuously rise on the Bonk platform are basically initiated by foreigners, and even our kunkun's main force is foreigners! In contrast, I bought a few meme coins with Chinese names, like Neuro Frog and Garlic Bird, with a mindset of going to zero, and after buying, they either collapsed directly or were extremely weak.
When will Chinese meme coins be more assertive, so that foreigners can see that we can also create wealth on our own!
Lastly, let's talk about the coin that has quietly risen 8 times in 3 months: FUN.
FUN is a decentralized gaming and entertainment platform based on Ethereum, running on Arbitrum, belonging to the GameFi sector. FUN serves as player chips and economic rewards, with a gas fee burning mechanism promoting deflation.
In the last bull market (April 2021), FUN skyrocketed nearly 70 times from its low, then fell for 1435 days, reaching a low in March 2025, with a drop of 97%. Currently ranked 195 by market cap, with a total supply of 10.97 billion coins, a circulation of 10.96 billion, and 20% of game revenues used for buybacks and destruction, helping to boost prices.
Three core investment issues: coin selection, timing, strategy.
Taking FUN as an example, although the GameFi sector has potential, selecting quality projects requires in-depth research. Even if optimistic about FUN, the long decline from 2021 to 2025 tests confidence and highlights the importance of timing and position management for buying and selling. Establishing a trading system that can navigate bull and bear markets is essential to cope with market fluctuations.
Current trends and risks.
FUN has recently surged 8 times in 3 months, approaching the previous bull market pressure level of 0.02 USD. Although the weekly candle has not closed, the 3-day line shows that trend risks are increasing, and chasing highs is not advisable. Investors should be wary of coins that have peaked and seize potential explosive projects with rational layouts.
