Last night, information-wise, Trump made a significant statement regarding Russia, forming a negative impact, causing BTC to drop from 123,300 to the current 118,250. In the last 24 hours, 144,481 people globally have been liquidated, with a total liquidation amount of $666 million, and the largest single liquidation occurred on Binance - BTCUSDT valued at $98.1 million.
BTC
From the daily structure perspective, Bitcoin saw a pullback after setting an all-time high, but overall trading volume did not show significant expansion, which is a typical contraction adjustment pattern. The current price is still operating above multiple short-term moving averages, indicating effective support below; thus, the pullback space may be limited. It is expected that a bounce around 115,000 dollars could stabilize. In the short term, the market is undergoing technical repair and consolidation; if the volume expands again and confirms a stop-loss signal, BTC may once again push towards the 123,000 dollar resistance level.
Can it break new highs again?
(4) On the order book, there is a super large sell order around 123,000, creating historical volume; the pressure here cannot be underestimated.
(2) From the perspective of the four-hour level's bullish and bearish volume strength, the bulls have been relatively strong recently, while the bearish volume has increased but not in a very strong manner.
(3) Yesterday, ETF institutions had a net outflow of 97 million dollars, which is neither large nor small compared to the net inflow of 1.1 billion.
It is unrealistic for Bitcoin to rapidly break through and set new highs in the short term. Currently, on the order book around 123,000 dollars, significant sell orders have appeared, which are difficult to digest quickly in a short time. Bitcoin is expected to oscillate and consolidate in the range of 118,000 to 123,000 dollars, and only after the chips have fully changed hands and the selling pressure is gradually released can a new upward breakthrough be initiated.
ETH
The current resistance level for Ethereum is concentrated in the 3030-3050 dollar range, with short-term support below around 2960 dollars, showing initial signs of stabilization, and stronger support is located in the 2830-2820 dollar range.
ETH is expected to maintain a range of 2900-3080 dollars in short-term oscillation and consolidation. After this oscillation ends, a new upward trend is likely to emerge. I personally judge that this round of oscillation will not last more than two weeks, after which it will enter a higher range. Overall, the bullish pattern for ETH remains unchanged, and every correction is an opportunity to enter long positions. The current market is in a buildup phase before breaking new highs, and this round of ETH is expected to achieve a true historical breakthrough.
Altcoins
Bitcoin and Ethereum are experiencing a noticeable pullback, which has caused the altcoin market to show slight adjustments. Overall, this round of decline is a healthy technical correction and is part of a normal trend. For quality altcoins, a price pullback is actually a good opportunity to increase positions; the more it falls, the more worthwhile it is to accumulate.
The current market trend has been established, and the overall positive expectations for the second half of the year far exceed potential negatives. Both sentiment and fundamentals support a mid- to long-term upward logic, so there is no need to worry excessively about volatility. At this moment, it is more important to identify truly strong projects with robust structures and to take advantage of adjustments to buy in batches. The market is already showing us through actual performance which strong assets are worth investing heavily in and which projects are relatively weak and lack mainline support.
Public Chain Track: SUI
US Concept: ALGO HBAR XLM, etc.
Meme Track: Pengu, bonk, Pepe, neiro, Pnut
DeFi Track: UNI, AAVE, ETHFI
In summary, there are many opportunities to seize in time. 100 million USDC has been newly minted on-chain, new funds have entered the market, and Bitcoin has reached an all-time high. Next, it's Ethereum and quality altcoins' turn to set new highs.
On-chain:
PUMP: Officially Launched!
The team has injected 4 million dollars into the liquidity pool, and retail investors have contributed over 20 million dollars in liquidity support. So far, users participating in the ICO have generally not incurred losses, and those who sold in time have seen returns exceeding 50%. Moving forward, as the ICO liquidity is digested, the project team is expected to release a wave of positive news. Only after these favorable factors are gradually cleared will the market truly enter a high-stakes phase, possibly providing a window for short positions.
M, ALT: Both are showing selling warnings.
M and ALT are showing obvious signs of significant selling volume, which is basically typical 'dog fund manipulation.' On-chain meme operations need to be quick in and out, especially for those that have no fundamental support but continue to pump, which can easily lead to a trap after inducing buyers, so remember to take profits.
On-chain Hotspot: ANI & Little Golden Dog Direction
In the current new narrative on-chain, ANI (AI + Little Golden Dog) is performing brightly, with a market cap of only about 10 million dollars. With Musk posting AI digital human images, the community is quickly building a narrative around the 'AI Golden Dog' direction. In contrast, BONK can still be defined by 'ecological construction,' while PUMP feels more like a pure PVP (player versus player) arena.
