7.7 Market Trend Analysis:
Bitcoin has been very stable these past few days, with short-term support at 107200 and resistance at 110000. For those who want to be more cautious, it might be better to wait for Trump's new news on Tuesday.
Last night, the market was crazy for a while, let's take a look:
$BONK has recently been very strong, surging to a market cap of 2 billion. Is it going to take over pump? The trading volume on the bonk launch platform has already surpassed pump.fun, and 58% of the transaction fees will be used to buy back bonk and build reserves, boosting a bunch of meme coins like useless, hosico, and ikun.
Additionally, the $GUN refining coin is also quite powerful, forming a rounded bottom pattern, and its recent performance has been exceptionally strong, worth keeping an eye on.
The Defi sector is not to be outdone, with $MYX on BSC showing good upward momentum, backed by support from the BSC Foundation.
A significant market news: Musk said he wants to create a third political party, a new choice besides the Democratic and Republican parties—who do you stand with? #Doge🚀🚀🚀
OKX is paving the way for a US stock listing, starting to follow a compliant route, so keep an eye on the regulatory updates.
Most other altcoins are still playing dead...