Today's hot opportunity:
1. Regarding interest rate cuts, the Federal Reserve is currently very firm. There will be interest rate cuts within the year, but the number and extent are limited. Based on current comprehensive information, a rate cut in July is unlikely, and the probability of maintaining the rate in June is 99.9%.
2. On the SOL chain, over the weekend, COSTCO was released, quickly generating $1.3 million, then poured in, leading many KOLs to criticize, and it then slowly rose to around $5 million, becoming increasingly difficult to play.
3. The ongoing rolling on BSC has resulted in diminishing returns and increasing scores. If adjustments are not made, the studio will roll over retail investors. Retail investors who are still trying to boost scores need to set up anti-squeeze capabilities properly. Over the weekend, someone was directly squeezed for $47,000.
4. The BASE chain is not that P, its performance has always been stable, KTA continues to pump, with circulating market cap close to $600 million, reaching an all-time high.
5. Last week, Bitcoin ETF saw a net outflow of $130 million, while Ethereum ETF had a net inflow of $280 million, indicating that capital is starting to focus on ETH. Once the market comes, ETH may rise first.
6. Farcaster will airdrop limited edition NFTs to the first 10,000 Pro users this week.
On Monday, BTC continued to climb along the 30-day moving average, briefly standing above 106k. Overall, it's moving up and down; this weekend has been very impressive according to our longstanding rhythm! In the early morning, BTC peaked at 106482 hitting the first resistance zone, currently consolidating between 104000 and 106000.
BTC
BTC is about to enter the oscillation after the rising market I predicted, with 106,800 points being a key resistance level. Whether the market will drop again depends on whether 106,800 can be broken. Currently, this level is also a good opportunity to short, waiting for market signals! The current price has a very low cost-performance ratio for going long.
Since BTC rebounded from around 10,800, trading volume has continued to grow positively, and both market share and market cap have improved; the current market is a rebound after a drop to a key support level. Whether it's on the 4-hour or daily chart, 106,800 is a strong resistance level above, and only a breakthrough can lead to further increases. The market is currently driven by contracts, with no significant large purchases in spot trading. I am bearish on a large surge.
Expected to test 106800 after oscillating between 104000-105000; if not broken, it may drop to 9800 before rising again; if it breaks directly, the increase will be limited, around 110,000 before it falls back, due to significant retail investor pressure above, as most people are unwilling to be trapped at 110,000. The current price level is already high, and some are looking at 120,000. I believe it won't rise without a rate cut.
ETH
ETH rose as expected to liquidate shorts, peaking at 2548 before pulling back. The smart ones made money on the short, while some friends chasing after the high in the early morning shouldn't have. The fans who charged with me these two days understood the rhythm; the more aggressive the push, the more chances to short! Currently, market liquidity is scarce, and price movements can be judged by liquidation charts.
After clearing one side, the market often reverses. The early morning was an example: after clearing shorts around 2535, the price rose to 2550, peaking at 2548, and then retraced to the current 2493. This type of market is suitable for short-term swing trading. Since the 6th, market liquidation data has decreased, and liquidity has nearly dried up.
ETH is currently in a volatile range, with short-term support around 2478 that will oscillate repeatedly, potentially dropping to 2400 in one go.
Review:
Is this large investor positioning or are the project parties forming a strong alliance for mutual support?
$Janitor and $EGL1
What I posted in the morning (above), later worried that the little monk Janitor would be sucked dry by EGL1, but after a big drop, it quickly rebounded. On-chain analysis shows that major investors spent hundreds of thousands of dollars to buy in, pushing the little monk back close to the $20 range.
Janitor has been in a sideways trend for a long time, and price performance is imminent. Yesterday, the new meme in the BUILDonBsc_AI competition leaderboard was $Janitor and $EGL1 taking the top two spots. Let's see who the big winner will be.
$MCAA Market Cap: 150K
Narrative:
$TAP
Dynamic: Musk liked TAP holders, confirming it as a ZD-related target.
$COSTCO
Narrative: Symbolizes cheapness and fast food culture, the community fights against the market makers through the CTO. Matt Furie's tweet deletion sparked discussions, aligning with conspiracy theories in the crypto circle and the dream of quick wealth.
$GRETA
Narrative: Seeking justice for Greta.
