Bitcoin's data changes over the weekend were minimal, with very low turnover, which naturally had no impact on support. However, BTC's funds are flowing into DOGE, ETH, etc. Currently, DOGE is the strongest; next, pay attention to whether the MEME sector will have a rebound. Starting in August, we will enter the tariff negotiation phase.
That night, a total of 122,497 people were liquidated globally, with a total amount of $371 million. Long positions liquidated $164 million, short positions liquidated $207 million, and the market primarily attacked shorts.
Today's BTC analysis
Bitcoin accurately touched 116,411 (lowest 116,370) early morning, perfectly hitting the Saturday order point of 116,411 (valid until Monday night). Currently gaining 1,500 points of space, with support at 112,000/109,500. No pressure is set for now; it is recommended to immediately reduce positions, keep the base position, and set a breakeven stop-loss!
Today's ETH analysis
Ethereum broke through 3,723 over the weekend, currently consolidating at 3,735. After peaking at 3,825 early morning, it retraced to 3,681, entering a new oscillation zone, continuing last week's daily uptrend, with support at 3,486/3,339. No pressure is set for now; it is recommended to go long on pullbacks and plan to add positions at $3,700. If it breaks below $3,680, stop-loss and exit.
On operations:
BTC is currently in a state of oscillation and stagnation, while ETH is leading the market up. Based on this, the volatility of the two coins is greater than that of BTC. Be cautious with contracts on the two coins, while BTC and SOL can be monitored. Small altcoins are recommended for spot trading, not contracts; just follow the strategy when opportunities arise!
Altcoin Market
You check coin prices in a bull market, complain in a bear market, and gamble wildly in a sideways market. When it goes up, you say you had a premonition; when it goes down, you curse the manipulators for cutting leeks; when it consolidates, you start to question life.
DOGE
Today, Dogecoin surged against the trend, up 6%. When will it be able to regain its former glory and rise 8 times in one day?
If you want flowers to bloom, you need to water and fertilize when they haven't bloomed yet; the rest of the time, all you need to do is wait and leave everything to time. Interestingly, that's exactly what I do~
AR
AR long positions around 7.53, gaining 252%, bull market 'bottom fishing and chasing highs'! Consider diving in after seeing the candlestick break through! Traps? The manipulators are more anxious than you! If the market doesn't rally, how will they sell?
Having a big risk appetite is also the core of trading! $AR and $GNS look good too; the market cap's bottom candlestick will likely drop a bit before rising! Support is around 16.
The main force of the once-popular OM coin has entered the market.
$OM has made several good trades recently, earning a thousand or two each time feels great! I believe OM will likely continue to surge for the following reasons:
1. The manipulators are strong and capable of driving the price up.
2. The current price is still at last year's early level, and there has not been a decent rebound since the last crash.
It is recommended to pay attention to this position; one can take small positions to bottom fish in spot trading, holding for a while may yield good returns!
Key points of the altcoin surge this week:
SOLMEME: The largest ecosystem in the MEME coin sector, breaking upward on the weekly chart, worth looking forward to.
ONDO: Star coin in the RWA sector, breaking upward on the weekly chart.
BERA: Institutional cost price around 1.7, with an extremely low V-shaped reversal on the weekly chart.
MKR: After ETH takes off, DEFI needs to follow, as it is a popular coin, with a large head-and-shoulders bottom pattern on the weekly chart.
XTZ: Bottom breakout, similar to EOS trend, the current price has surged with volume, and after solidifying at the bottom, it is expected to break the previous high of 2, with a total space of about 400%.
