On Friday, the crypto market surged across the board, with Bitcoin hitting new highs, briefly exceeding 118.4k, and the altcoin sector rising collectively. My altcoin positions have once again turned from losses to profits. When Bitcoin rises alone, it educates those heavily invested in altcoins. The new high of Bitcoin drives the entire market up, which will educate short sellers.
Yesterday, BTC's sweet dream in the public account (Bloodbath for shorts! The Federal Reserve makes a big move, interest rate cuts in July! TGA injects hundreds of billions! BTC and ETH surge to new highs, the crypto world has gone completely crazy!) indicated to go long at the current price of 111,000, with a stop loss below 110,000. The lowest point only hit 110,400, and as of now, the highest point is around 118,400, netting a profit of around six to seven thousand points. This wave has been a great profit!
Today, the acceleration of clearing short positions has started again, without any pullback, which is quite terrifying. The 24-hour trading volume reached 12.264 billion USD, truly aiming for a price of 120,000. In a Bitcoin bull market, if a rapid downward spike and pullback occur, it presents opportunities to make quick money by going long. It's scary to go long when it rises, and not scary when it falls; even if it drops 10,000 points, it will bounce back instantly.
Today, pay attention to the aggressive support of 114,000 for BTC, with a respectable support level at 112,388 and a very strong support at 111,088 USD. The bullish trend has no pressure at 120,000 USD! Since ETH broke through the 2,605 position, it reached 3,000 in just 4 days, gaining 100 dollars a day. This time, I must say that E Guard did not deceive; the main driver of the price increase is the ETH ETF, with retail investors starting to follow the trend once they saw the market strength.
This morning, after a direct surge to the 3000 price, there was a slight pullback. More people are looking at the 3200-3300 positions. The ability to reach 3000 gives the market great confidence. If ETH stabilizes at the 3000 price, then the next stage of growth will come. The 3000 price I mentioned for ETH has also been achieved. In the short term, if there are longs, consider taking some profits. Now it depends on whether it stabilizes at 3000 and continues to push toward 3300 or pulls back. Today, focus on the support levels of 2885 and 2770 for ETH; the mid to long-term target for spot trading is still 3300 USD, just a little short. (Observation: I need to keep an eye on Bitcoin at 115,400 and Ethereum at 2930, rather than placing orders.) Altcoins are at their all-time highs; several micro-strategy companies have continuously bought ETH, directly pushing ETH above the 3000 USD mark. This will, to some extent, drive the true takeoff of altcoins. The altcoins recommended yesterday are all rising. In the coming time, with the launch of mainnets like RGB, new gameplay and narratives will surely come, so everyone must be motivated and cherish the super bull market in the second half of the year.
The total market cap of the altcoin market is 250 billion USD, forming a larger head-and-shoulders bottom pattern, indicating huge upside potential. The target of 300 billion USD aligns with the peak of the altcoin season in early May 2025. Although a tenfold increase is unrealistic, if Bitcoin stabilizes at 110,000 USD, altcoins may achieve a growth of 50-80%.
OM: Enter at the current price of 0.23; the previous round of market saw RWA strong main coins. It has currently dropped to the bottom and oscillated for more than 3 months. Now the market is coming, and the daily line has broken through the small oscillation range. This kind of situation is suitable for a short-term oversold rebound, which should have a considerable increase.
USUAL: This stablecoin project earns over 4 million USD a year, with a market cap of 90 million. With such a drop, it can be considered to have some value. Taking advantage of the altcoin market heat, if you want to invest, you can do so, as it has dropped 95%.
TST: The overall holding structure is also good, and the TST position is not particularly heavy! To be honest, I feel that the entire BSC MEME is currently undervalued, but the focus should still be on the leading projects! I plan to sell around 0.12, which offers about double the space.
Hello: The token of Bonk is currently priced at 0.00063 with a market cap of 630,000. The founder derived from learning Chinese culture, which has a good spread from this angle, has space and recently showed signs of bottoming out after a slight pullback. It can be cautiously accumulated as the market cap is not large.
