Bitcoin is replaying the old script of 2020—back then, it surged 38% due to stimulus bills. This time, the 'President' is set to sign the 'Big and Beautiful Bill' with an even larger scale, expected to push debt to 40 trillion, causing greater liquidity shocks, and BTC may welcome another parabolic rise.
The reason for this sudden drop: An ancient whale awakened and transferred out 20,000 BTC, causing panic in the short term, but it might also be a false breakout to wash out positions. Pay attention to the rhythm of capital games.
However, just now, two ancient wallets from 2011 awakened, each transferring out 10,000 BTC. Combined with the actions at noon, it is suspected to be the same whale. A total of 40,000 bitcoins have been transferred, valued at about $4 billion at current market prices.
The timing and quantity of these bitcoins acquired are almost identical, likely coming from the same whale. After 14 years of silence, the sudden large-scale movement has drawn significant market attention.
Such 'ancient coins awakening' often triggers panic in the market, which could become a catalyst for price fluctuations in the short term. However, don't forget that large funds may use this to create panic selling, then turn around to pump the price. The upcoming trend is especially critical.
Family, the whale has moved, how long can the market stay asleep!
Additionally, the long-short ratio has dropped to 0.47, a new low since October 2019—shorts are clustered, which may actually serve as 'fuel' for the rise.
The upcoming key time point: The President will sign a major bill at 5 AM on Saturday, pay attention to the potential market shift as the benefit materializes. The script may play out again; a target of 150K is not a dream.
Let's take another look at the short-term trend of Ethereum!
The K-line at 0:00 on July 3rd is key; it has strongly broken through the range that has been oscillating for a week, with a clear bullish control. After the breakout, the original resistance level has become support, and with 2500 being near the middle Bollinger band, and there is also a dense trading area providing support, the pullback momentum is clearly weakening.
From these signals, ETH short-term bulls are dominant, and the trend is biased towards upward. If the support holds and does not break, it confirms a true breakout. A volume breakout combined with a low-volume pullback is a very good short-term point, with stop-loss set below the support level.
Alright, let's continue.
Family, we're in trouble! FTX has finally started losing money, but we might become the biggest 'suckers'!
According to the latest liquidation news, as much as 82% of 'restricted accounts' come from Chinese users. Once deemed non-compliant with local crypto regulations, claims may be rendered invalid, and the money might just be gone... This is no longer just a case of harvesting, it's outright theft!
Attention: In terms of Bitcoin's rise and fall, half the market is bullish around 130,000 to 135,000, while the other half is bearish around 85,000 to 90,000. The market is clearly brewing for a big move. The next key focus will be on the Fed, macro data, and geopolitical situations, as July may usher in a real directional breakout.
The above is just personal reference.
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