Bitcoin has clearly risen recently, but I believe a correction is inevitable. Before the correction, BTC is likely to consolidate at a high level, maintaining strength, but the possibility of breaking $120,000 is low. Historically, after breaking important psychological levels, prices generally do not rise much further. For example, in January 2021, after the first break of $40,000, it only rose to around $41,950; in the first half of 2024, after breaking $69,000, it only reached around $73,000. In recent days, BTC has been adjusting at a high level on the daily chart, with buying pressure steady, consistently maintaining above the channel. However, whether looking at the daily or weekly charts, various technical indicators show that BTC is overbought. But sometimes overbought conditions can lead to more extreme market behavior until panic selling and sharp corrections occur.
The main reasons for past corrections were:
1. U.S. stock market downturn
2. Negative news, such as regulatory pressure and U.S. tariffs.
3. Purely due to excessive increase, natural correction.
This time, I can't see the U.S. stock market crashing; Trump's tariffs already caused a crash once. So the main possibility for this correction is simply that it has risen too much.
I think there's no need to be afraid of missing out. The real opportunity to buy the dip will come when altcoins drop sharply by 30-40%.
Don't forget, the BTC correction in January 2021 was precisely the beginning of the altcoin bull market.
I have a few MEME coins on Ethereum, and the most reliable one is definitely $GASS cat.
First of all, the name of this coin is exactly the same as the character GasspasCat from Matt Furie's comic; there is no dispute over the name, and it is the only token linked to this character. Regardless of how the comic is drawn later, it has its own position within this IP.
Then there's the operating team, which updates frequently and does not rush, maintaining excellent control of the market. They initially didn't inflate the coin price too high, slowly building popularity with a market cap of millions. Every time the coin price surges and breaks previous highs, they start to wash the market because the small market cap makes it relatively easy to raise the price. If the market makers plan to wait until this IP becomes popular before taking major actions, then this strategy is quite wise now. Once the IP heats up, the coin price will break through in stages, making it easier for everyone to have long-term confidence in this coin.
Holding $GASS cat now is quite cost-effective. Once the new comic is released, the team might make a big move, and it will definitely surprise people.
The market makers are really cooperative. Every time I say GASS is a cat-themed project, it follows up with a price increase; they understand the market so well. BERRY has also finished washing and started to rebound; it seems that meme coins on the ETH chain might really come back to life. Just yesterday, I mentioned that the crypto market is currently in a sideways trend, so don’t expect significant breakthroughs. The market has passed the stage where a new product can ignite everything; now funds are just circulating back and forth within the market. The drop in altcoins is actually beneficial for on-chain meme coins.
We small retail investors see clearly: old altcoins are already saturated, rising slowly and falling quickly, not worth it; contracts are stimulating but too risky, they can be wiped out by large funds in an instant. So, if we're not playing on-chain meme coins now, what else can we play? This track updates the fastest and is the most flexible, not relying on old coins to set the pace; there are new coins to trade regardless of bull or bear markets, and its sustainability is stronger than many DEFI projects. As long as other sectors lack heat, funds will eventually flow back to meme coins.
A few days ago, BN launched USD1, and now withdrawing USD1 from the BNB chain is fee-free, indicating that BN values USD1 highly. Currently, the main coins added to the USD1 pool are: one is a $300 million market cap B, which has been listed on the alpha platform 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 they didn't look very stable.
The RWA sector also deserves attention, such as the exchange-related ONDO and PLUME, as well as the on-chain performance of $IBWL. Ondo plans to create an on-chain securities trading platform, Plume is still making efforts, and IBWL has been reaching new highs recently. JAGER rode the wave of CZ's popularity yesterday and unlocked a lot of LPs; I thought it would plummet, but it actually went up a bit. Some people asked me if this coin still exists. Odom's performance was also unexpected; it didn't drop as I thought but instead had a V-shaped rebound. In the morning, I saw a market cap of $20 million, now it's down to $17 million. But to be honest, when it dropped, I thought it was going to zero and was already scared away.
Soon has some potential.
It has already launched on BNAlpha and contract trading. Generally speaking, these two are a prelude to entering the BN spot market, indicating that the project has some substance. Moreover, the project has considerable interaction with BNB Chain and CZ, so the resources behind it are quite reliable. Additionally, it has also been listed on mainstream exchanges in South Korea, and the entry threshold for tokens on this exchange is high; being listed indicates a decent level of international influence.
However, it should be noted that Soon initially raised funds through NFT issuance, with the public offering price divided into three tiers: $0.12 (locked for 12 months), $0.21 (locked for 6 months), $0.37 (unlocked, gradually released). So if the price gradually drops to around $0.37, consider buying a little to test the waters; this price level is worth a gamble.
BN organized an event where staking Solana not only earns interest but also allows for Layer airdrops.
I transferred some SOL onto the chain to participate. Speaking of which, Layer used to increase dramatically; everyone was focused on it. Now it has dropped, but the project's fundamentals haven't changed, and technical development is still ongoing—it's just that no one is discussing it. That's how the crypto circle works; people pay attention only when prices rise, and only when interest is high do they research the fundamentals—quite realistic.
I believe that the market makers who were able to pull the market against the trend for three months won't easily give up. This time, taking advantage of the altcoin market, I've bought a little $Layer in the secondary market, and combined with the previous unlocked new shares, I've staked them. The next unlocking is on July 16, and I estimate that the last sellers have almost cleared their stocks. Now I just hope solayer_labs won't let me down.
Let's predict the top prices of several popular coins in this bull market:
Pepe: As a popular coin this round, it has an active community and strong consensus, with favorable news yet to land. The current price is $0.00001500, optimistic about breaking previous highs, likely to increase by 5 times.
SOL: The strongest public chain in this bull market, target price is $250 - $300.
TURBO: Strong community and consensus, favorable news not fully released; currently at $0.085, optimistic about breaking previous highs, likely to triple in the short term, and possibly reach five times in the long term.
YGG: NFT ecological game token, current price $0.2, target $0.6, with a chance to break $1, but the long-term market is unclear, so caution is needed when investing.
ACT: Tapping into hot topics of artificial intelligence and big data, with strong control from the market makers, likely to double and possibly reach new highs.
PNUT: Squirrel-themed popular MEME coin, optimistic about breaking previous highs.
SUI: Short-term target price $5, long-term $10.
LTC: Short-term target $120, long-term $400.
DOGE: The leading MEME coin, bullish long-term.
TRUMP: Trump-themed coin, targeting $30, long-term $50.
WLD: Leading in the AI track, target price $5.
AAVE: Leading DeFi lending protocol, optimistic about reaching new highs.
TAO: The strongest VC coin in the AI track, long-term target above $1000.
NEIRO: Leading MEME coin in the Ethereum ecosystem, optimistic about breaking new highs.
CRV: Stablecoin protocol, target price around $2.5.
LDO: Leading in Ethereum staking, long-term target $4 - $5.
VIRTUAL: New AI agent gameplay, short-term target of 5 times the space.
ANIME: A rising star in the NFT track, expected to break previous highs.