BTC reminded everyone a couple of days ago that if the position of 117000 breaks, then the next position is around 112000. Currently, it is verifying the strong support level at 112000.
BTC daily level has shown a pullback signal, but so far, the market remains relatively healthy. The macro outlook for the second half of the year has not changed significantly, and expectations of interest rate cuts also exist. Therefore, after a brief pullback, the uptrend is still maintained; Pay close attention to the position near 112000 on the 4-hour level. If this position is effectively broken, it will return to the consolidation range of May to July, which is 111000-103000;
In the altcoin space, one can strategically accumulate quality leaders at lower prices. The logic remains unchanged; only quality leading altcoins will follow the overall market rise, while others are currently worthless;
ADA
ADA is a stablecoin. Compared to other altcoins, it is relatively slow-growing, generally more suitable for spot ADA super whales (100,000,000~1,000,000,000). The total holding amount is currently maintained at a very high level, and there are no signs of large-scale selling. ADA is not the type of project that 'steadily progresses and slowly rises', but is a typical case of 'patience wearing down + concentrated explosion'. Understanding this is key to truly holding onto it.
ETH
Recently, Ethereum has been hit hard, dropping nearly 20% from its peak. From the daily level, the pullback has reached a critical position, with MA30 support below and the 4000 integer level, providing dual support. Generally, at such a special position, the probability of a first retest breaking directly is very low, making it easy to welcome a rebound. If Ethereum can hold 4000 in the short term, it will aim to attack the 4400 pressure level.
PENDLE
PENDLE has become the third-largest protocol in the HyperEVM rankings, actually ranking as the second-largest protocol because the second place is the hyperliquid DEX on its own chain. This is the impressive aspect of PENDLE, which can be quickly replicated and scaled on any emerging chain. The team's awareness and execution ability are also very strong; this is the real moat, allowing for rapid replication and scaling on new chains.
PENDLE belongs to the leading Ethereum series. If Ethereum takes off, PENDLE will definitely perform strongly. The increases of OP, ARB, and LDO cannot compare to PENDLE.
$ERA
From the on-chain data of ERA, 83.43% of the chips are held by a single wallet address in Binance's hot wallet, with over 95% controlled by the market maker. The current circulating supply accounts for 16%, and the investors' shares are locked for one year, leading to very little selling pressure in the future;
Having been listed on three major exchanges, it has been in a state of receiving selling pressure. Market makers have not yet pushed the price up, and the current market trading volume is at a relatively low activity level, with the coin price at historical lows. Consider secondary DCA buying and waiting for market makers to push the price up;
Such a project that has resources, money, and products, combined with the market sentiment of a bull market, requires pushing the price up to sell off, pushing the price up to profit from short positions, DCA secondary buying, waiting for airdrops, and for market makers to push the price up; get ready!
