BTC broke through 110,000, what’s next?
Bitcoin's surge to 110,000 seems to have broken through an ascending bull flag. Technically, it could surge to 140,000, but the MACD has just golden crossed, and the overall trend looks somewhat like the false breakout in May, so caution is needed.
The BTC market share has been rising for more than three years now, and the cost-effectiveness is getting lower. Instead, some strong altcoins are more worth paying attention to. With low liquidity over the weekend, consider entering at around 107200 or 105100, and shorting when it rebounds to around 108600 or 109500. In the short term, there is a rising wedge pattern combined with a shrinking rebound, which looks more like a continuation of a downtrend, and there might be a wave of accelerated decline.
On the Ethereum side, ETF funds have recently net inflowed over 4 billion. Each pullback at the four-hour level is a good opportunity for regular investment, but don't overlook its historically poor performance in the third quarter. Currently, 2555 is a key resistance, while 2475 and 2433 provide relatively stable support, which can be monitored in batches.
Overall, the market is at a critical turning point, and both long and short positions should leave an escape route. Arthur Hayes: The precise prophet is back! The legendary trader in the crypto circle and founder of Exchange B, Arthur Hayes, has rarely spoken out again, indicating that Bitcoin may have already peaked this time, predicting a pullback to 90,000-95,000 in August, with the core reason being insufficient liquidity.
He believes the most optimistic scenario is BTC consolidating around 100,000 until the Fed officially cuts interest rates in September, at which point the market will restart a bull run. To be honest, although Hayes often sings the opposite tune, his historical track record is indeed accurate. In January this year, when Bitcoin surged to 110,000 and global FOMO was at its peak, he predicted a drop to 75,000, which many didn't believe, but it indeed fell by 30%; in March, he again called 75,000 as the bottom, and BTC really took off afterwards.
His directional judgments and points are usually very accurate, but the market often doesn’t reverse immediately after he speaks; the rhythm may be slightly delayed. Therefore, his views are worth listening to. Attention, everyone!
The $WLFI supported by the Trump family is about to 'light fireworks'.
Current latest proposal: A community vote to decide whether to lift token restrictions, open trading, and introduce broader governance. If passed, $WLFI will transition from a closed ecosystem to an open market.
This is not just a matter of token free circulation, but also an important step in the transfer of power — project governance will gradually transition from the core team to the community, with decision-making power moving from 'centralized' to 'decentralized'.
So why choose this point in time?
Don't forget, the Trump family has been quite active in the crypto circle recently, especially in his own investment portfolio, where the market value of digital assets has reached 610 million dollars, accounting for nearly 10% of net assets. If $WLFI can open up, it will add more fuel to his crypto layout.
This vote may not just be an event in the crypto circle, but a new signal of integration between crypto and other sectors. Let's wait and see.
Speaking of #USELESS, this wave is quite strong! It surged over 27% in 24 hours, hitting a new high of 0.2918! Market capitalization soared to nearly 292 million dollars, and this wave is filled with bullish signals!
There are also divergences in the technical aspects: RSI has surged to 89, which is severely overbought and may pull back at any time; but the MACD momentum is still strong, and the bullish trend is not over yet. In the short term, pay attention to support around 0.239.
New high or pullback? Next is a hard showdown between bulls and bears!
Recently, on-chain news has been intense; even Wall Street quantitative giant Jump Trading has taken action!
Currently, large funds in the entire market are quietly exiting, and the signals are quite obvious.
Everyone, don’t be too aggressive these days. Consider key support and resistance levels before entering or exiting. Let's wait until next Tuesday to see what card Trump plays.
This is the end of the article! If you are confused in the crypto circle, you might consider planning and harvesting with me!
