Bitcoin's high point last night did not break below the key range of 108,500—108,000, and the market stopped falling and rebounded. Right on the weekend, I went long at 108,100 and made a huge profit of 43%. If you watched me or asked me about my daily trading strategy yesterday, you should have made a profit like I did.
BTC
Bitcoin surged to 109,700 after touching the support-resistance swap position at 108,388 and then retreated. The low points of Bitcoin's decline are gradually rising, making it difficult to drop significantly. Trump has passed a grand and beautiful bill, which essentially robs the poor to enrich the rich, and market funds will become somewhat abundant; Musk has established the American Party, which is also beneficial for the crypto space. Currently, the weekly trend has changed direction and is turning upwards. Both the weekly and monthly lines are trending upwards. If this position does not pull up, then if the market corrects at the weekly or monthly level, we can basically confirm there will be no market this year. Therefore, I am more inclined to expect some market activity in July, August, and September.
Currently, Bitcoin is fluctuating and accumulating momentum. The subsequent movement will be either at the upper and lower boundaries of the descending channel or continuing the oscillation between the upper boundary and the mid-axis price. The estimated time for Bitcoin to break upwards is in mid to late July. ETH
Ethereum has been fluctuating around 2300-2700 for 9 weeks, essentially in a horizontal adjustment. This period is relatively long; if it were to drop, the horizontal consolidation wouldn't last this long. Moreover, the monthly line of Ethereum's cloud chart has already turned upwards. If the weekly line can also turn upwards at this position, then Ethereum will face a significant surge, and the rise and fall of altcoins will basically be determined by Ethereum.
Altcoin
Many altcoins that experienced a significant drop in March and April have already fully adjusted at the weekly level. SOL has retraced 68% from its previous high, and PEPE has retraced 81%. This rebound hasn't seen much increase; it requires Bitcoin to explode for these altcoins to have another opportunity.
As long as you control your position well in PEPE and SOL, a significant drop is actually the best opportunity. If such an opportunity arises, I will not hesitate to use low leverage to go long on these two coins.
When Musk had not officially announced the establishment of the American Party, I kept increasing my position. Half an hour after Musk announced it, I woke up to see the price had risen significantly and sold half of my position, thinking to let the remaining half continue to profit. But after a little over ten minutes, I realized something was wrong and decisively cleared my remaining position. Good news turned into bad news, and it was also the time to sell. Buy when no one cares, sell when there is a crowd.
On-chain
BSC
1. USD1-related narratives are generally strong institutional plays, follow a trend, and take some numbers. 2. Related to CZ and Binance's official tweets, PVP, if it doesn't continue after 1.5m, it's basically a top. 3. TGE of fourmeme, such as $skyai, $uptop, entering them has a high probability of making money, it's just a roll.
SOL
1. Various news hotspots 2. Leading speculation from various platforms, the previous launch coins, now bonkfun 3. Musk's tweet keywords
VC projects
1. Coins listed on Binance Alpha, study whether to get in for a bit: mainly look at whether the project party is purely unloading or looking to create an alpha trading play or has other intentions. 2. Research new coins listed on contracts to see if they're long or short: look at circulation, background, and the emotions of most people.
Yield farming
1. The Cryptoverse activity of the OKX wallet is generally 0 yield; occasionally, there are some new coins' IDOs. 2. The booster activity of the Binance wallet, use alpha points of 61 to complete tasks and share tokens. 3. Some new and old project DeFi staking on-chain, new projects stake for APR + tokens; old projects take APR. Other than that, there are the short-term plays of emerging public chains, pay close attention, dive in at the first opportunity, and don't be afraid of losses.