Bitcoin surged to 120,000 before crashing to 118,000, currently oscillating around 118,900. Ethereum shows strong performance, stabilizing around 4300. In the last 24 hours, a total of 140,377 people were liquidated, with a total liquidation amount of $444 million; be cautious with contracts in a bull market.
Today's hot opportunity:
1. Federal Reserve's Bowman supports interest rate cuts starting in September, three times this year. JPMorgan adjusts expectations to three rate cuts.
2. The Uniswap Foundation proposes the 'DUNA DAO' structure, pushing for a fee switch, with UNI price reaching $12 at one point.
3. Market sentiment is high, small black FOMO, hoarding $9.514 million in tokens (78% ETH, including ETHFI/LDO/PENDLE).
4. On-chain Meme: Switching to bags, the finnbags launch donation feature for transaction fees, with innovative gameplay, worth following.
5. Safety Shot and Bonk founder contributor alliance initiates BONK treasury strategy.
6. On-chain meme market is still decent, small funds should focus on on-chain, while large amounts should prioritize quality leading assets on centralized exchanges.
BTC
Bitcoin has fallen as expected, filling the gap left by the previous rapid rise. The daily K-line closes with a small inverted hammer, breaking through the upper resistance and forming a long upper shadow, indicating that the selling pressure from above is still very evident. The weekly looks bullish engulfing, but it hasn't broken the previous high, still within a consolidation range, and the trend remains unchanged.
The 4-hour chart shows a huge bullish candle broken by a bearish candle, influenced by risk-averse sentiment triggered by CPI data and technical gap filling. The gap is not fully filled, and there is potential for repeated volatility.
The 30-minute chart shows prices touching the Vegas channel support and standing above the EMA12 moving average, which can serve as a basis for short-term entry. Pay attention to the support at 117300, 116600, and 116000; stop loss below 116000. Targeting upwards at 119000, 121000, and 123000. If it effectively breaks below 116000, it may pull back to 112000.
ETH
Ethereum's trend is more volatile; although Peter Thiel's investments in related projects boost sentiment, the technicals show it's nearing an end. Despite BTC exchange rate hitting new highs, prices are forming a converging triangle, struggling to break key resistance, with high risk in heavy positions. If BTC falls, Ethereum will find it hard to stand alone.
From the daily K-line view, ETH has two consecutive small bearish doji stars. The upper and middle Bollinger Bands are still opening upwards. The main strategy is to go low on the day; if it doesn't effectively break below 4160, don’t look for major corrections or short it; this is the low point of the pullback in the past two days. Pay attention to the support at 4200 and 4150, and layout low buys around this area, targeting 4270, 4370, and 4500.
Shitcoin
Market fluctuations are significant; don’t chase rises or panic sell. If leaning bearish, suppress high positions to short, and avoid being afraid of rises at high positions while not daring to short. Wait for drops to lower levels, test support, and then pursue shorts; otherwise, it’s easy to get hit.
The 'living textbook' in the crypto world, Liangxi, is truly crazy: a gambler + a pawn!
Previously, when ETH price rose from 2500 to 3900, he shorted all the way; now that it has reached 4000, he instead says to go long and see 5000! This operation is completely contrary; when it should have been short, he went long, yet he still made money, which is incredible. I admire him the most in the crypto world; no one can compare!
If betting on the altcoin season brought by ETH, potential targets to lay out:
LDO revolves around ETH staking ETF narrative, with strong expectations and the K-line being the strongest among related concepts. On-chain old whales and large holders continue to buy, with exchanges showing retail shorting and large holders going long.
Although UNI's narrative is not as close to Wall Street as LDO, it is a core track of the ETH ecosystem. The DUNI proposal is favorable for the long term (or transitioning from governance token to revenue asset, requiring attention to voting and details; if passed, it could welcome value reassessment). On-chain million-level large holders are continuously accumulating without offloading, with large orders on exchanges accounting for 83%, showing overwhelming advantage.
On-chain
Playing with dog memecoins is too stimulating; it’s a rollercoaster every day! Recently, AI coins are booming. This morning, launched the $SEND token at over 600,000, skyrocketing to 6 million in three hours, a tenfold increase!
Some people wanted to be greedy, but at noon, the SEND token crashed in 5 minutes, with market cap dropping to 400,000 instantly. It’s just retail daily, brothers should not be greedy when trading coins, be cautious with selections. The market makers won’t care if you’re out of money; going to zero is their specialty!
