Waking up on Friday means it's time to feast! Bitcoin surged to 120800, and Ethereum spiked to 3673. With long positions in hand, I own the world. Sweet Dream mentioned in yesterday's article (Bitcoin dropped sharply; can this point be a bottom? Ethereum surged to 3500; altcoins are taking off! Have you invested in these coins?) that: 'With long positions in hand, take profits on short positions. Currently, Bitcoin has stabilized at 118500, looking at [121300-121800]. If it effectively breaks below 115000, look at [112500-113300]. If the pullback support holds, consider going long. Go long, be bullish, and be sure to control your emotions; do not be too aggressive, manage your positions. Bitcoin has surged to 120000 as expected, and Sweet Dream's long position at 116000 has made a profit of 362.63%. All positions have been closed for profit, and next, buy on dips.
BTC
Bitcoin experienced a significant drop two days ago but has gradually risen over the past two days, recovering some of the losses. Today, pay attention to the 119085 level for Bitcoin. As long as it does not fall below this level for 1-2 hours, all levels remain bullish and continue to rise. For long positions, be cautious about reducing positions near 123300; this is not the place to short. Currently, it's hard to predict the top, so treat new highs as resistance levels, and be sure to take profits on long positions near here; do not be too aggressive in chasing the rise.
Pay attention to the pressure levels for Bitcoin near 120940-122030-123300! For support below, watch 117700 and 116000. Bullish sentiment; when going long, wait for a pullback to get in. Opportunities for downward adjustments are chances to enter. There is no need to fear heights right now because it can still rise.
ETH
Ethereum's volume and price are both increasing, with a good upward trend. In the short term, it is very likely to rise to the upper edge of the upward channel in the chart, targeting between 4000-4150.
For Ethereum, pay attention to resistance levels at 3750, 3960, and 4110. We can only look toward previous highs. Support below is at 3360, 3300, and 3230, so consider participating around support levels. The market volatility is really large, so the range is wide; be sure to participate with light positions.
Sweet Dream's long positions have always been held. The resistance level for Ethereum is the reference point for Sweet Dream's long position to take partial profits, and it is not about ambushing shorts in advance. In this market, shorting can only happen during the downward process; ambushing in advance is risky, so do not attempt to guess the top.
Altcoin
The altcoin bull market has begun, as there is a high probability of interest rate cuts in September. Positive news is often speculated in advance, so July and August will definitely see a very wild market. If you seize this trend in altcoins, you might break even or even achieve a profit. Recently, the market has been good, and Sweet Dream has been constantly outputting insights. Today, SOL, WIF, XRP, XVS, and NEIRO have surged. Recently, those who followed Sweet Dream's altcoin trades have made a lot of profit.
Sweet Dream's several favored tokens are still continuously starting up; you can set a stop-loss to protect your capital and hold part of your position. Next, Sweet Dream will continue to layout and wait for the recovery.
UNI: BTC continues to reach new highs, ETH is pushing for new highs, and UNI is still three times away from its new high. After ETH's trend is established, UNI is known as the 3x Ethereum leverage, with huge certainty and potential.
1. It is the leader in ETH, the largest DEX. 2. There are favorable DeFi policies; if the fee switch proposal passes, the token economic model will undergo a massive upgrade. 3. The overall consensus and trend of UNI are very good among mainstream coins. UNI is our third-largest investment variety, and Trend Research released a special report when it was at 6 dollars.
people: The pattern is in a bottom descending wedge reversal, and although this coin tends to deceive with obscure coins, it has shown a spike each time and can double every time. The market makers are quite wealthy, and the trend looks very good; they have started to reverse. I have already positioned at a low price, purchasing around 0.024u, and have reserved a place for additional buying. I will focus on people in the coming days.
LDO: LDO is the beta factor of the Ethereum ecosystem. As Ethereum's price rises strongly, Lido's protocol revenue begins to grow rapidly. The increase in Ethereum staking scales drives the revival of liquid staking in Ethereum. As Lido is the absolute leader in this sector, it benefits the most. LDO should be able to rise to a target range of 1.8-2.2 in the short term; in the long term, it may test previous highs, with a target above 3.
