Bitcoin reaching 100,000 is a psychological milestone, at least based on the sentiment of most altcoins and the behavior of whales. After Bitcoin hits 100,000, its characteristics will be closer to gold. Therefore, I believe the liquidity of some altcoins will also return post 100,000. The breakthrough of this psychological barrier will definitely lead to FOMO capital entering the market, which applies to market makers as well, who will seek depth to facilitate liquidity exit in the future. Recently, $1 billion in new USDT has been issued, indicating that market liquidity is warming up. I hope the market can bring more good news; everyone has been waiting too long this year! The ETH/BTC exchange rate has stabilized and is currently above 0.019, with coin prices above 1800.
Next, Ethereum's short-term expectations are still the two mentioned earlier:
The first is the spectra upgrade on May 7th
After the upgrade, the maximum number of assets each account can hold will increase from 32 to 2048. Previously, users needed to divide their assets into dozens of accounts to meet the data requirements after the upgrade, but now a single account can handle it, significantly reducing operational costs for institutions and attracting more participation. Additionally, this upgrade will increase blob fees and boost ETH demand, leading ETH back to deflationary status, which can also be seen as a narrative for the market and speculative attraction. In the long run, it can solidify L1’s dominance, unlike before when traffic was diverted to L2, resulting in inadequate competitiveness for the mainnet. Therefore, Ethereum in May is quite worth looking forward to. The second is the progress of the staking ETF.
Last weekend, Grayscale began pushing the SEC, stating that due to the lack of a staking ETF, Grayscale has already lost $61 million in revenue, and various institutions seem to be quite anxious.
On the 17th of this month, when Ethereum was still below 1600, I had already reminded everyone multiple times that something big was coming. Buying Ethereum below 1600 is a no-brainer! Criticize if you must, buy if you can, don't delay our profits!
After we made thirty points on TRUMP last time, the current price has also pulled back to around 13. Fortunately, we exited early to avoid losing our gains! Let’s see if there’s an opportunity to take advantage of it again!
The TRUMP team announced today that the top four TRUMP holders will receive a limited edition Trump tourbillon watch at the Trump dinner. Only 147 of these watches are issued globally, each with a unique serial number, with watch number 1 held by Trump himself. Overall, the TRUMP team will likely create new stories and hype, providing us with opportunities to seize these moments!
What we need to do is trend speculation: and the core of trend speculation is to follow the market, closely track capital flows, and seize short-term profit opportunities. Isn’t this the essence of our current short-term trading?
Wherever the market hotspots are, we will chase after them! Trend speculation doesn’t need to get tangled up in the 'intrinsic value' of tokens, but relies on keen intuition and quick execution to reap rewards!
Meme coins, DeFi tokens, GameFi, and low market cap coins are taking turns. Short-term traders are making a fortune! These coins may not have the 'value' of BTC or ETH, but their short-term returns are explosive—who wouldn't love that?
When trading in waves, remember: quick in and out, trend speculation doesn’t cling to battles. Take profits at 30%-50% gains! Keep a stop loss of 5%-10%, and as I always say: don’t repeat past mistakes and get stuck in the altcoin quagmire again!
That's all I want to share with you today. I'm July, and you can follow the daily article updates!
Those who walk alone go fast; those who walk together go far! Everyone is welcome to discuss and exchange market trends!
