Musk and Trump are once again playing out a reconciliation script, from falling out → mutual taunting → to shaking hands again, realizing that checking one's own wallet is what truly matters, it's ridiculous.
Barring any surprises, it's highly likely that there will be a rate cut in September, and expectations are generally priced in ahead of time, so July and August may see a wave of good market conditions. I now advise everyone to be prepared at any time, and if there's an opportunity to buy on the dip, don't hesitate. If you miss it, don't panic; you can wait for the rhythm of chasing up!
Market analysis:
Bitcoin is currently unable to break through the resistance at 109,000. Right now, the key point to watch is the 20-day EMA at 106,000. If it cannot hold, we may first look at 104,500; if that breaks, we may even need to test the psychological level of 100,000.
But if it can rebound near the moving average and break the descending trend line, then there’s a chance to challenge the previous high of 111,980.
The key point now is very clear: breaking above 106,000 is the first signal for bulls to gain strength; whether it can turn around depends on the next few days.
Ethereum has been fluctuating for almost a month and has finally welcomed a wave of support pullback. This support is exactly the low point from August 5 of last year, originally a strong resistance, but after breaking through with volume in May, it classicly turned from resistance to support.
Last week, this support level formed a piercing pattern, marking a technical confirmation that the pullback has ended. In an upward trend, focus on support; a pullback is an opportunity; conversely, in a downward trend, focus on resistance; a rebound is a short-selling point.
Sounds simple, but it's hard to execute; the key is to first judge the direction correctly. Otherwise, the more you operate, the more mistakes you make.
Currently, it seems that Ethereum's pullback has ended, and the trend is strong; July is likely aiming for 2900, and a new round of increases is worth looking forward to.
On the altcoin front: overall still relatively weak, the hotspots rotate quickly, many coins spike and then retreat, lacking sustainability, and low liquidity projects are still quietly offloading.
Currently, the risk of chasing highs is particularly high, operations need to closely monitor trading volume— if the volume doesn't pick up, don't chase, and if there are no new highs after a spike and pullback, it can generally be treated as a trap. Don't be led by emotions.
Family, has the H coin reversed?
Just when everyone is still slacking off, $H has exploded again: a 24-hour surge of 95.2%, the candlestick chart directly shows a green rocket. The entire cryptocurrency circle instantly exploded, with some joyfully screaming about their profits, while others raised alarms asking, "Is this coin reliable?"
#H币 This wave has been very standard, first rebounding to the neckline support level, consolidating for a few days, and forming a descending wedge, which is actually confirming the neckline. Then once it breaks through, it accelerates directly, a typical arc bottom pattern, both form and rhythm align!
Does PENGU still have investment value?
#pengu It is a meme coin based on Solana, backed by the popular Pudgy Penguins NFT series. Although the overall market has been sluggish recently, it has defied the trend and strengthened, with a daily increase of over 8% and a weekly increase of as much as 56.2%, a stark contrast to the overall market's 3% decline.
This wave of strength is related to the hot NFT market: the 24-hour trading volume of Pudgy Penguins NFT surged by 157%, and the entire NFT industry grew by 33.8% within a week. With NFT activity rising, PENGU naturally follows with a rebound.
Whales are increasing their holdings, institutions are paying attention, and the strong NFT foundation, combined with the upcoming launch of the Pudgy Party mobile game, makes PENGU indeed a coin worth watching in the recent meme lane.
Of course, how it plays out later depends on on-chain data, policy trends, and community enthusiasm. The short-term is strong, but don't forget that the crypto market is never short of plot twists.
The key point for SOL has arrived, can it take off?
#sol Currently stuck around the resistance level of 150, whether it can break through is crucial. The key resistances above are 152, 155, and 160 USD, among which 155 is the core point to determine whether the next round of increase can begin. Once stabilized, there is hope for a push to 165.
But if it can't break through, we need to be alert for a pullback. The support below looks at 145 and 142. Once 142 is lost, it may fall directly to 136, or even 125. The next few days are a key window for direction choice.
⚠️ The bell will ring at 20:30 on Thursday!
The unemployment rate and employment figures are about to be released, with expectations that the unemployment rate may surge to 4.3%, and new jobs could be only 120,000— the aftereffects of tariffs have just begun. Coupled with rising inflation and shrinking corporate profits, the asset market in July-August may face severe pressure; at this moment, the S&P & Nasdaq are at historical highs, whether they break through or turn back will soon be revealed.
Bitcoin is also stuck at a crucial point; once macro signals are released, it can set the direction. The next two months, the rhythm is the lifeline; stay alert!
That's it for the article! If you are confused in the cryptocurrency circle, consider working with me to lay out strategies and reap profits!
