6.10 Market Trend Sharing:
Bitcoin broke through the key resistance level of 106800 in the evening. If it can effectively hold above this level, it is expected to continue rising. However, based on the shape and volume, the probability of breaking the previous high of 119000 is relatively low. Current resistance is around 109500, and it is recommended to place orders in this area.
Even if there may be further short-term increases, I still see a pullback coming. I expect a round of correction and consolidation from June to August, and after gathering strength, the final surge will be initiated. If this round of increase is followed by a drop, there is a possibility of breaking the 10W support.
Is the secondary and primary market getting better now? Situation of altcoins:
1. $ETH : It is not recommended to place orders around 2530, as it is easy to get stuck. It is advised to wait for a pullback in the 2515-2500-2480 area and place orders in batches.
2. $SOL : The trend is weak but steadily rising, it is recommended to enter in batches at 153-150, and you can also try to sell light positions around 159.
3. $ICP : Weekly resistance at 6.7, daily at 6.1, it is recommended to short directly.
🔥 Market Hotspots Overview:
1. Circle rose 7% to 115, with a market cap of 25.6 billion. Matrixport states that its IPO has rekindled Wall Street's interest in crypto stocks.
2. WLFI deposited over 52 million USD in crypto assets (ETH, WBTC, stETH) into Aave V3 and borrowed 7.5 million USDT.
3. Trump stated that the White House will not give up on Tesla and Starlink, has not actively contacted Musk, but speculates that the other party may reach out proactively.
4. The hot token KTA on the BASE chain dropped 19%, with a market cap reduced to 470 million; EGL1 rose 9%, with a market cap of about 86 million.