BTC has recently shown strong price performance, overall showing an upward trend, especially in recent cycles where the price has noticeably risen. In the short term, the market is in a strong upward trend, and the price may encounter some resistance at the key resistance level of 107114.3, but the support is strong, and the short-term momentum is sufficient, which may continue to test upward. Be cautious of a potential short-term overbought state after the price breaks through the upper Bollinger band. (Peipei reminds: today's article is a bit long but very important, please read it patiently, and the wealth code is attached at the end.)
Technical analysis K-line pattern: The red three soldiers pattern indicates strong short-term upward momentum, the morning star pattern suggests a possible trend reversal, and the spinning top pattern indicates high market volatility. BOLL: The current price has broken through and is maintaining near the upper band, indicating a strong market with further upward momentum, but the expansion of the lower band should be watched for increasing market volatility. EMA: The short-term moving average is above the long-term moving average, with widening distance indicating strong market momentum, and consecutive bullish candles verifying strong performance. MA: MA(15) and MA(5) form a golden cross, suggesting an upward trend in the market in the medium-short term, and the current price is above the moving average indicating strong market momentum. MACD: 4-hour bullish golden cross, strong bullish trend signal; also bullish trend support: 103000 resistance: 107000 strong bullish mindset, hold onto neiro, doge, and xrp! Bitcoin is leading the altcoins up and down; if it hasn't started yet, it's better to sell, still need to find strong ones to follow, waiting for the launch is too uncertain, projects that are still lagging behind are not very promising, the strong bullish mindset still needs to be implemented. Neiro on hand is good, doge and xrp are also okay, people are experiencing big ups and downs, suitable for ultra-short waves, others should be observed, if not feasible then plan to switch.
Everyone knows that I made 3 times profit with GASS! Yesterday's article (519 Black Swan Reenactment? Bitcoin Plummets! False Breakouts Bury Bulls! Altcoins Scared to Death! Sun Ge is Creating + Every Meeting Must Drop! Key Projects Adding Uncertainty!) mentioned that now: GASS cat continues to reach new highs, Ethereum memecoins are about to perform a cat-and-mouse game. The recent surge of GASS is largely due to it being the first token of Matt Furie's new comic IP launched on GATE. The low market cap area has been thoroughly washed, with its market cap skyrocketing from 400,000 to 5 million, achieving a tenfold increase in just two days.
Despite the controversy over the name RATO, GasspasCat's position is solid, becoming the leader. If GASS cat can break through a market cap of 5 million and establish a bottom, it is expected to enter the tens of millions level, alongside RATO. As Bitcoin and Ethereum continue to rise, the meme heat on-chain remains strong, and the two major IP protagonists are about to stage an exciting cat-and-mouse battle.
Back to the point, the stablecoin bill makes me a little worried!
Seeing everyone discussing the stablecoin bill all day, many analysis posts have listed related stablecoin concept tokens, such as Ethena, Sky, Liquity, Aave, etc. In fact, if the Genius bill is officially passed, the above projects do not meet the compliance requirements of the bill, and will instead introduce Trafi institutions to compete, making the market a more intense battleground.
The stablecoin bill Genius has made progress, which is actually bearish for many DeFi projects, as the Genius bill is actually negative for most decentralized stablecoin projects rather than positive. Basically, they only recognize stablecoins that come from collateral like USD and U.S. Treasury bonds. And those stablecoins previously collateralized with ETH, BTC, or BNB will either need to find a way to stop operations and switch collateral to issue new ones under registration regulation, or they will have to change their names and cannot be called stablecoins anymore. From a macro perspective, guiding and promoting the U.S. stablecoin national innovation bill has been preliminarily passed, which is positive, but execution will still take time. And other interest rate cuts are still early, tariffs are still fluctuating, and there may still be trade agreements to be signed.
But Trump keeps repeating this. The 10-year U.S. Treasury bond remains high at around 4.5. This is not good news for risk markets. It seems there are no events in the short term that can bring sustained stablecoin positions to drive prices up. The probability of not cutting interest rates in June is over 91%, and in July it exceeds 66%. Perhaps this phase of the small trend is coming to an end, and a new phase trend has quietly begun, but everyone is still quite FOMO right now. The impact on the crypto market - Benefits: Provides clear rules for stablecoins, attracts institutions to enter, boosts market confidence, and may promote widespread adoption of stablecoins in the payment field. - Challenges: Strict regulation may increase issuance costs, and small or decentralized projects may face compliance pressure; jurisdiction over overseas issuers may lead to international disputes. - Long-term significance: If the bill passes, it may reshape the global stablecoin landscape, consolidate the dollar's dominance in on-chain asset pricing, and affect the crypto financial ecosystem in the next decade.
Password recommendation!!! Looks like exchanges are moving and volume is increasing! This might go on Binance futures, there's this expectation! Invested $10,000 to test the waters!
ca:0xf4d2888d29d722226fafa5d9b24f9164c092421e. You can also buy directly on the OKX exchange! I am currently very optimistic about AAVE, which currently occupies three major hot topics from a macro narrative: 1. Stablecoin bill 2. Leading DeFi projects banding together 3. RWA project HORIZEN. No matter which one, it is a tremendous benefit, whether in terms of price structure, the smoothness of the rise, or the compatibility with the EMA moving average, AAVE is clearly superior to most current altcoins. The target price for the rise is tentatively set at 300 and 335.
In the end, Peipei wants to say that one of the biggest pitfalls for many new traders is the need to find a reason for every price rise and fall. In reality, price movements often do not need a reason. Even if you can dig up a bunch of seemingly 'relevant' factors, the long-term result may still be positively correlated, negatively correlated, or completely unrelated. Furthermore, even if you find the reasons for price fluctuations, it doesn't mean you can profit from them. The market is not about writing papers; it relies on structure, rhythm, and execution, not on the ability to explain.
