7.10 Market Trend Analysis:
Waking up to a sea of green, Bitcoin set a historic high in the early hours. Today is a critical juncture—can it hold above 110,000? Will we break through 112,000 next, or will we see another false breakout? With insufficient momentum, the chances of reaching 120,000 are very slim, unless there is a surge in volume.
Ethereum has been strong these past couple of days, successfully returning to above 2700, with meme coins and AI following closely behind. ORDI and SATS are also starting to move. Is the BTC ecosystem warming up?
PUMP is launching today, starting with Binance contracts. The token sale is not targeted at the US or UK, clearly aimed at profiting from Asians. Altcoins are in dire need of recovery; hopefully, this wave can sustain a bit longer.
🔥Market Highlights:
1. ETH is rising strongly, the ETH/BTC exchange rate is increasing, $ETHFI , UNI, $AAVE , Neiro are following suit;
2. GMX was hacked with a loss of 40 million dollars, the DeFi sector is facing setbacks;
3. BR crashed and halved, controversial operations by the BN Alpha project team;
4. PUMPFUN public offering will start, with a market cap estimate of 4 billion, BN is launching perpetual contracts early, and SOL chain's #useless , ChillHouse, etc. are beginning to show unusual activity.
