On June 25, according to The Block, Bitcoin's dominance significantly fell to 59% in May but has now rebounded to 62%. From a sentiment perspective, some who were previously trapped have already cut losses and left, while others are still waiting for a peak. In the short term, it may continue to pull up, but don’t expect too much; the current focus of the main players is to 'grind people's mentality,' not to forcefully surge.
Market Analysis
BTC Market Analysis: Bitcoin's recent rebound is indeed quite strong, having tested the resistance at the upper central position of 106800 again. If this position breaks through directly, the upward trend will further increase, and with the impact of news, the possibility of clearing large liquidity around 115000 will greatly increase!
The chart shows that the entire upper market is divided into two parts, with 106800 being the dividing line. Next, we need to see if this position can be stabilized above. Based on clearing data, this wave of futures plus spot-driven movement, if it is only to clear the massive liquidity at 112000-115000, then it could very well be a spike behavior. However, specific market changes need to be combined with real-time market trends, so for now, let's focus on whether the central position can break through!
ETH Market Analysis: Ethereum has also reached a key resistance position, with 2480 being a previous low point of support, which has now turned into resistance! Currently, after being blocked in the upward movement, it has started to adjust, and daily trading volume is insufficient. The breakout market and direction are expected to wait until the evening. Compared to Bitcoin, it is at a disadvantage here, so let's see if it can break the upper pressure, and the short-term support below is in the range of 2400-2380!
Altcoins
In the past two days, many altcoins have rebounded by 20% to 30%, especially some meme coins, WIF, bananas31, and TUT, as well as many from UNI and ETHFI. As long as Bitcoin and Ethereum consolidate in the range, many altcoins will take this opportunity to surge.
The big one is coming!
Trump's crypto team WLFI's USD1 has officially landed on Bitcoin Thunderbolt! What does this mean? Trump's team directly endorses Bitcoin Thunderbolt, which has a value that surpasses the recognition of CZ and Musk, making it a super positive development!
USD1 + Thunderbolt is definitely a major event for the second half of the year. With the launch of USD1 stablecoin on Bitcoin Thunderbolt, Bitcoin's technological innovation will bring about greater liquidity. Wherever Bitcoin's hotspots are, funds will follow, which is an eternal rule.
Circle's IPO has risen nearly 8 times in the US stock market, showcasing the potential of stablecoins to the world. And USD1 is at the forefront, deployed on Bitcoin Thunderbolt, which means that the deployment of stablecoins on the Bitcoin native network has officially begun, filling a market gap.
In the past, Bitcoin was only used for value storage, but now it’s different! Bitcoin Thunderbolt has upgraded Bitcoin, allowing USD1 to achieve a fast, cheap, and programmable stablecoin experience. It doesn't need cross-chain bridges or wrappers; the era of true mainnet-level stablecoin payments has arrived.
Moreover, it is currently the only stablecoin running on the Bitcoin mainnet, which can empower lightning-fast BTC payments and native DeFi on Bitcoin in the future. It can be said that Bitcoin is no longer 'idle' and has truly become usable. This project has so much potential, so getting in early means early profits!
Today's Wealth Code - $HSK
The daily chart shows a large arc, breaking through the moving average, HSK can be chased directly. Dare to drop, dare to increase the position! In the short term, there is still a certain gap in Hong Kong stocks and US stocks; the funds in the crypto concept circle will chase. Although Hashkey has many issues, the choices are limited, and the rises and falls are only related to the inflow and outflow of funds.
Overall, the current market has entered a critical turning point window. Whether BTC can break through the central point, whether ETH can make up for the rise, and the rotation rhythm of the stablecoin track and altcoin sector constitute the three major directions worth paying attention to this week.