This year's biggest opportunity, is Dogecoin about to take off? Will Musk succeed in his candidacy? The three major potential coins in the cryptocurrency market have emerged, and you definitely don't want to miss this! A 50% rise is easy! How is smart money positioning itself? Let's check it out with Sweet Dream!
BTC
The characteristics of Bitcoin's fluctuation range currently show a rebound from the key support level at 107.3. The key resistance levels above are 108.8K \ 109.9K \ 110.4K. 107K is the last stronghold for bulls; if it breaks down, the target for the bears will be around 106.3K \ 105.6K.
Ethereum
Ethereum's key level to watch is the breakout at 2660-2700; if it fails here, we could see a significant retracement. Thus, if we short, 2660-2700 is a key area to focus on, with 2800 as the next level above. These two positions are also profit-taking targets for bulls.
How to position
Currently, the cryptocurrency market is still in a state of greed; this is not a good entry point. The price needs to drop below 40 for fear or below 25 for extreme fear; only then is it a better time for long-term accumulation or hoarding coins.
For long-term spot investments, there's no rush to enter. I'm planning to observe for a month to see if there's a significant drop. The latest I will complete my positions by the end of August, so I can catch the interest rate cut in September and the ETF benefits in October.
Contracts are mainly short-term; when key support or resistance levels are reached, we open positions aggressively. We update these in real-time within the community.
The three major potential coins in the cryptocurrency market have emerged, and you definitely don't want to miss this! A 50% rise is easy!
(1) Dogecoin
Musk is about to enter politics. Recently, he announced the establishment of micparty, aiming to become a third party alongside the Democrats and Republicans. Trump's betrayal is about to meet a formidable opponent, and Dogecoin is finally seeing a turning point.
Previously, when Musk helped Trump win the election, Dogecoin skyrocketed, quadrupling in two weeks. We suggested to everyone to lay low at 0.1 in October, and then exit on January 20 when Musk took office, making a profit of 1309%, retiring comfortably.
This time, although he didn't explicitly mention Dogecoin $DOGE, we all know that whether Musk talks about it or not is not important; the key is whether he acts.
He once made Tesla accept DOGE as payment.
He is promoting the DOGE tipping feature on X.
He has previously posted a meme about sending Dogecoin to Mars.
Now, his new stance on the political stage has once again brought DOGE into the narrative spotlight. In the short term, leveraging this wave of 'Musk narrative', $DOGE has a chance to challenge the $0.18 to $0.20 range, especially with the main players continuously accumulating.
Moreover, besides the benefits of Musk's candidacy, Dogecoin itself has a 90% chance of being approved in October. At that time, Dogecoin will truly take off with the spot ETF approval. SOL, XRP, and ADA also have a high probability of being approved then; these coins are our targets for accumulation in the coming months.
Besides the mainstream coins mentioned above, for MEME coins, Sweet Dream is optimistic about PEPE and BONK.
PEPE: The leading Ethereum MEME coin, the reason for PEPE's surge doesn't need further elaboration; it will benefit from the approval of Ethereum's staking ETF in October.
Today, we mainly analyze BONK:
BONK is not only the leading MEME coin on the Solana chain, but its greatest advantage lies in the successful rise of the BONK.FUN platform, which has captured market share from PUMP.FUN. BONK's revenue in the last 24 hours exceeded $1 million, surpassing PUMP.FUN.
And through low fees, community-driven initiatives, and ecosystem integration, it has generated substantial revenue. This platform + token comprehensive model makes it unique in the Solana MEME coin ecosystem, possessing both short-term speculative value and long-term development potential, suitable for long-term accumulation at dips!
Sweet Dream has previously shared these opportunities in the internal group; this is the information gap. Knowing this information in advance gives a significant advantage, while those who don't may end up being the ones left holding the bag.
However, those who haven't entered yet shouldn't rush. The biggest gains will come in October! At that time, Dogecoin and SOL spot ETFs, as well as Ethereum's staking ETF, will likely be approved. These coins could see a rise of 50% or even double.
There is still plenty of time before October. Sweet Dream believes that the cryptocurrency market will likely see a bottom around late August, and we should enter during the dips.
Crash coin
TRUMP has unlocked a large amount of coins, making it a good shorting target. I will hold onto the TRUMP short position until the 17th when it unlocks.
