Bitcoin is clearly rising, but I firmly believe there will be a wave of correction—before the correction, BTC is highly likely to consolidate at high levels and maintain strength.
I don't think it's likely to break 120,000. Because historically, once important psychological thresholds are broken, prices do not move too far. For example, in January 2021, when it first broke 40,000, it only rushed to around 41,950; in the first half of 2024, when it broke 69,000, it only reached around 73,000.
In the past few days, BTC has been adjusting at a high level on the daily chart, but the buying pressure is not panicking at all, firmly relying on the upper channel to buy aggressively.
Regardless of which technical indicator you look at, daily or weekly, BTC is in an overbought state. However, overbought often leads to even more severe overbought conditions until panic selling and sharp corrections occur.
The main triggers for past pullbacks were:
1. US stocks decline
2. Negative news, such as regulatory pressure and US tariffs
3. Purely rising too much naturally leads to a pullback
This time, it doesn’t seem like US stocks will crash; Trump’s tariffs have already caused a crash once. So this pullback's biggest possibility is that it has risen too much.
I don't think we need to be afraid of missing out; waiting for altcoins to drop sharply by 30-40% is the real opportunity to buy the dip.
Don't forget, the BTC adjustment in January 2021 was exactly when the altcoin bull market began.
I currently hold several memecoins on ETH, and the one performing the most steadily is $GASS Cat.
Firstly, the character GasspasCat in Matt Furie's comic is clearly named, and the token sharing the same name has no controversy; GASS is the only character token. Regardless of how the comic develops in the future, it has its own place in the entire IP.
Secondly, the operating team is quite stable, with frequent updates, not anxious, and good control over the market. They didn’t initially inflate the market cap too high, starting with a few million in low market cap and slowly building consensus. Each big increase can break through the previous high and wash the market, making it easier to pull up small market caps.
If those big players really want to push for a significant breakthrough after confirming the IP, this strategy is quite clever. Once the IP is confirmed, the hype will explode, and phased breakthroughs are more likely to form long-term consensus, allowing the tokens to stand out.
Currently holding GASS Cat is quite cost-effective. Once the new book is launched, the team is likely to make a big move that will shock everyone.
The dog traders really give face; every time I say $GASS is a cat project, they cooperate to pump the price, they are really smart.
$BERRY has completely washed out and started to rebound; the meme on the ETH chain might really welcome its second spring.
I said yesterday that the current crypto space is playing sideways; don’t think about vertical breakthroughs anymore. The market has passed the stage where an innovative product can ignite the whole scene; now funds are flowing within the market, and the collapse of altcoins has instead become a positive for on-chain.
We small investors see things more clearly—old altcoins have long been saturated, slow to rise and fast to fall, with low odds; contracts are exciting but too speculative, and can easily be targeted by big funds leading to liquidation. So, if you're not playing on-chain memes, what else can you play?
On-chain memes are currently the fastest and most flexible market. You don’t have to rely on old coins to lead the trend; whether in a bull or bear market, there are always new targets to play with. The sustainability is even stronger than many DEFI projects. As long as other sectors lack heat, the money will eventually flow back to memes.
A few days ago, Binance launched usd1, and now withdrawing usd1 from Bnbchain is fee-free, which clearly shows that Binance is paying much attention to usd1. Currently, there are two pools added for usd1: one is $b with a market cap of 300 million, listed on Alpha and contracts; the other is $koma with a market cap of 13 million, also listed on Alpha and contracts. There were other usd1 pools on the chain yesterday, but that one seems a bit unstable.
Additionally, the RWA sector also deserves attention, with $ondo and $plume from exchanges, as well as $ibwl performing well on-chain. Ondo plans to create an on-chain securities trading platform, $plume hopes to make another push, and $ibwl has been consistently reaching new highs.
$jager rode the wave of CZ's popularity yesterday, unlocking a lot of LPs. Unexpectedly, it didn't drop significantly, but instead rose a bit. Some people asked me if I still have coins; I still have 0.1% left untouched, and now the dividends take a few days to claim.
$odom is also performing well, without the expected downward trend, instead, it has been rebounding in a V-shape. I saw it had a market cap of 20 million in the morning, now it’s down to 17 million, but honestly, I was already scared off; I really thought it was going to zero when it was falling.
Soon's potential analysis:
Soon has successfully launched on Binance Alpha Zone and Binance Contract trading simultaneously, usually, these two launches are important prelude to entering Binance's spot market. The project has interacted multiple times with BNB Chain and Binance founder CZ, and the resources behind it are reliable.
Additionally, Soon has successfully landed on the mainstream Korean exchange Upbit, and the listing threshold on Upbit is relatively high, which enhances Soon's international influence.
However, it is important to note that Soon's initial fundraising was done through issuing NFTs, and the public offering price is divided into three levels:
$0.12 (locked for 12 months)
$0.21 (locked for 6 months)
$0.37 (no lock-up, linear release)
So if Soon's current market price slowly approaches $0.37, it might be worth considering a position; this price point is quite worth the gamble.
I saw that Binance is holding an event where staking Sol not only earns APR but also allows claiming $Layer airdrop.
I moved some SOL on-chain to support.
Looking back, $Layer's early performance was so impressive, drawing attention from everyone. Now it has dropped, but has the fundamental changed? It hasn’t; the technology is still progressing, just no one is mentioning it.
This is the crypto space; coin prices determine attention, and attention drives fundamental research, which is quite cruel.
I believe that a strong player who can pull the market against the trend for three months will not give up easily. This time I took the opportunity with altcoins, bought a bit on the secondary market, and combined it with what I unlocked from the previous new project, all of which I staked. The next unlocking is on July 16, and what I sold last time should be about to be out.
Just hope solayer_labs doesn't let me down.
Predict the top prices of several popular coins in this round of bull market:
Pepe is one of the popular coins in this round. Strong community, many consensus, the benefits have not been fully realized. Current price 0.00001500, optimistic about breaking previous highs, likely 5 times.
SOL is the strongest public chain in this round of bull market, optimistic about target prices of 250-300.
TURBO, strong community, many consensus, the benefits have not been fully realized. Current price 0.085, optimistic about breaking previous highs. The target is likely to be 3 times, long-term looking at 5 times.
YGG NFT ecosystem, gaming token. Current price $0.2, target $0.6, likely to break $1, with a high probability of multiples; can be played in the short term, but be cautious about long-term conditions.
ACT is a strong VC coin in AI and big data, hot topic, strong market control by traders, likely to double, possibly reaching new highs.
PNUT squirrel is a popular MEME coin, optimistic about breaking new highs
SUI short-term target price 5, long-term looking at 10
LTC short-term target price 120, long-term looking at 400
DOGE Dogecoin, the leader in MEME coins, long-term looking at 1
TRUMP coin targets 30, long-term looking at 50
WLD is the leader in the AI sector, targeting 5
AAVE DeFi lending protocol is the absolute leader, optimistic about breaking new highs
TAO is the strongest VC coin in the AI sector, long-term looking at over 1000
NEIRO is the leader in Ethereum-based MEME tokens, optimistic about breaking new highs
CRV stablecoin protocol targets around 2.5
LDO is the leader in Ethereum staking, long-term looking at 4-5
VIRTUAL AI agent's new gameplay, short-term looking at 5
ANIME NFT sector rising star, optimistic about breaking new highs