A historic moment has arrived! Trump officially signed the (GENIUS Act), marking the official enactment of the first federal-level cryptocurrency law in the United States, declaring the stablecoin industry has entered the 'compliance year'.
Due to multiple factors such as ETF market news and the US stock market being closed this weekend, the current market maintains a high-level consolidation pattern. Once the US stock market resumes trading on Monday, the direction may become clearer. Stay steady and don’t rush, the show has just begun!
BTC is in high-level oscillation, and the pullback is just 'bull market breathing'
Currently, Bitcoin is in a high-level consolidation state on the daily chart.
Although short-term adjustment signals such as 'gravestone doji' appear on the technical chart, the support below remains solid, and the volume has decreased, indicating that the bears are gradually losing strength.
In my personal judgment: this pullback seems more like a 'natural breathing' within the rhythm of the bull market, and there's no need for excessive interpretation.
In the tug-of-war stage between bulls and bears, do not guess the top or gamble on a collapse
The key to watch next is the change in the consumption of bullish and bearish forces in the current oscillation area.
If the bulls exhaust the bears and break through after a consolidation, the market is likely to continue to rally;
If the bears counterattack and suppress the upward structure, there may be another small dip.
However, at this stage, it is not advisable to guess the top or gamble on a sharp decline, as market sentiment remains stable, and volatility is a normal rhythm; don't let short-term noise disrupt your judgment.
ETH stabilizes at 3587, breaking through 4000 is just a matter of time
Ethereum continues to run strongly. The key level we emphasized before, 3587 USDT, has become a short-term bull-bear dividing line -
As long as this defense line is held, there is still room for impact;
If unexpectedly lost, attention should be paid to whether the support at 3466 can hold.
Currently, ETH's trend is very resilient; breaking through 4000 is just a matter of time, but the actual explosion window may fall between August and September. By then, the 'altcoin season' may really come.
The rotation of altcoins has begun; will the next baton be passed to AI or meme?
Mainstream altcoins have entered a rotation rhythm over the past two days, with the DeFi sector leading the way, REZ and CRV taking the lead, followed by UNI and SUSHI.
After a short-term pullback over the weekend, next week is likely to rotate into the AI narrative or meme sector. Those who have set up their positions are just waiting for the market to signal - and then it will take off!
Hot news: PUMP plummeted 21%, the FOMO fire extinguished too quickly
Taking PUMP as an example, on the day it went live, it generated a whopping 600 million dollars within minutes. But within 24 hours, it plummeted by 21%, and now the price has fallen below the ICO, with nearly 60% of early players having exited.
Even with listings on major platforms like OKX and Kraken, and a $30 million buyback, it still cannot stabilize the market.
Without airdrops, practical scenarios, or ecological support, these types of coins can only rely on FOMO speculation to support a short-lived market, destined to be short-lived.
SOL, ADA, VANA: The preheating before the altcoin explosion has been ignited!
SOL: Breaking 200 is not a dream
SOL has returned above the daily 200MA, stabilizing in the 177-179 range; as long as it doesn't break the 168 USDT support, the outlook is bullish for the 186-188 range, with even a chance to challenge the 200 and 220 USDT levels.
On-chain meme coins have seen an overall rise of over 13% this week, with SOL being a direct beneficiary.
ADA: Technical resonance in shape, the target may reach 2.65
ADA has risen nearly 30% this week, with its market cap approaching Tron, and daily trading volume has surged.
Current price is close to 0.74 USDT;
If it breaks through the 0.86 level, the next station will be 1.62 or even 2.65 USDT;
A technical pattern has formed a **'cup and handle + triangle consolidation' double breakout pattern**, looking positive for the medium-term structure.
VANA: Running along the channel, the trend is stable
VANA continues its upward channel, and the price is currently consolidating in the midline support area.
As long as it holds the midline, there is still bullish potential, and it can continue to form higher lows. If it breaks below the midline in the short term, it may retest the lower boundary of the channel; the key is to pay attention to the volume performance during the retest.
In summary:
Not all altcoins have potential; remember to choose projects with fundamentals, liquidity, and storylines.
The bull market continues, but those who truly laugh until the end are always just a small group of people.