In the past few days, there have been many significant events in the circle.
First, let's talk about the most significant news: The (GENIUS Act) has been officially signed. This is the first federal legislation on cryptocurrencies in U.S. history, directly turning stablecoins into 'Dollar 2.0'.
In simple terms, future compliant stablecoins must be supported 1:1 by the dollar + short-term government bonds, and reserves must be publicly disclosed monthly. This means that stablecoins are no longer 'earthy dollars', but have become regular troops. The compliant track is about to take off.
At the same time, the market hasn't been idle.
#Bitcoin surged to a new high of $123,000 on the evening of the 15th, but has finally started to 'catch its breath'. A wave of CPI data and profit-taking led BTC to drop as much as $7,000. In the short term, the daily chart shows clear oscillation, with a tug-of-war between bulls and bears; support is at $117,000 and resistance around $121,000. Don’t rush to see it crash, and don’t fantasize about soaring to $130,000; resting is to go further.
#Ethereum surged from $2800 to $3600. Although it’s ridiculously strong, the divergence has clearly widened after consecutive bullish candlesticks. It is now stuck at the Fibonacci 0.786 level, combined with the $4000 historical pressure level; getting up all at once isn't that simple.
In my view, ETH's real explosion may have to wait until after August; the fourth quarter might be the main battlefield for the main upward trend.
The altcoin side is starting to see exciting rotations.
Let's first mention a few minor details from the crypto circle:
Pump.fun raked in $600 million when it launched, but has now dropped back to $4.2 billion. Although I bet a little at this point, to be honest, a coin that has lost its topic and heat, even with major exchanges backing it, is hard to sustain.
#EGL1 is participating in the WLFI trading competition and is currently stabilizing at $0.09. If BN really goes live, it would be a qualitative change.
#Uptop, although it was acquired by a Nasdaq-listed company, the news landing has actually been a negative for it. I ran after the peak and will wait for it to continue to pull back.
#KOMA, although an old project, is surprisingly stable. This round of market trends can be viewed as a low market cap opportunity.
In recent days, the altcoin sector has staged a high-intensity relay of rotations. Next, let's take a look at the trend of this altcoin:
Recently, many fans have asked: Now that DOGE has risen, what’s the outlook for the future?
I have always been optimistic about #DOGE. Let's take a look at its candlestick chart. Currently, DOGE is above the monthly MA25 moving average, but the monthly MACD is still in a death cross rebound, which is far from the bullish pattern seen during previous main upward trends.
I tend to think we are still oscillating within the channel, pushed up from point A at the lower edge of the channel, targeting point B at the upper edge. The main upward trend is not yet here, so don't be too aggressive.
WIF, the dog with a hat
From the Solana chain to major exchanges, it surged into the top three memecoins within just over six months, even briefly surpassing PEPE. Although it lacks practical functionality, it has leveraged its popularity and topics to propel a slew of 'hat animal' clones.
After surging to $5 at the end of March, it oscillated all the way down, but has recently become active again, standing above the uptrend line, with moving averages in a bullish arrangement and the Bollinger Bands opening up, showing decent momentum. However, there is clear resistance around $1.127, and both MACD and trading volume suggest a possible short-term breather.
The 4-hour chart shows WIF oscillating at a high level, with RSI divergence and an increase in bearish candlesticks, indicating a risk of pullback. Short-term bears are controlling the rhythm, but the larger structure is still intact; pullbacks are opportunities for ambush. WIF, don’t underestimate it; it’s not done yet.
Lastly, let's talk about this WLD that has trapped me badly.
WLD surged to nearly $12 at the beginning of the year but has since weakened. Even with the bull market's support, it's hard to break through key resistance levels, and many are starting to question: Is Worldcoin still viable?
Backed by Sam Altman's 'eyeball project', it hasn't slowed down. As AI narratives warm up, it has quietly shown signs of recovery. At the end of June, the WLD price rebounded from $0.79 to $1.15, mainly due to the Orb device landing at 46G, combined with improving market sentiment, and a golden cross appearing in the technical analysis, with the 200-day moving average becoming a new target.
In the short term, the key is whether it can return to $1.60 and break through $2.12. Once the ChoCh pattern is established, a retest above $4 by the end of the year is not ruled out.
But don't forget, this coin can also drop back from $0.57, and the risks are equally significant. Don't go all in; leave some room to watch the drama.
Summary: The current market rhythm is different from the past; it’s not about who pushes hard being the true dragon, but rather the acceleration of rotation and stronger main force competition.
Don't fantasize about soaring all at once, and don't rush in just because of a price increase. The market has just started heating up; position management + rhythm judgment is more important than anything.
