July 11, 2025

The market seems to have completed a breakout, although it would be more secure to break through $120,000, or at least wait three days. According to the performance of the U.S. stock market, Bitcoin should have completed its breakout; this wave has been somewhat hesitant and has not kept pace with the U.S. stocks. Another important indicator of the breakout, in my opinion, is the strength of Ethereum. It is clear to us that during this wave, the main players of Ethereum have already started to act; since the lowest point of $1,385, there have been obvious signs of main player control. Otherwise, the exchange rate would not have strengthened, and yesterday, Ethereum successfully touched $3,000.

Since the market has already shown strength, let us quietly wait for the market to enter a crazy phase. Although it may be too early to say this now, the performances of altcoins and mainstream coins have already shown some action. As for whether we should doubt the breakout now, I think there is no need; after all, we have endured a lot to get here, would we really give up because of a false breakout? Absolutely not. Next, we must wait for the market to go crazy, allowing those who gave up during the bear market to return, and only then will we gradually release the chips in our hands.

One more reminder: do not let the long-term bear market mindset affect you and sell your chips too early, except for those doing swing trading. I personally sold some at the pressure of $110,000 for swing trading, but I will not regret it and chase the high. More importantly, do not short the market. I noticed that in the BSC altcoin sector and some other altcoins, there are still some that are being crazily pumped. Most of these are due to the main players having accumulated enough chips to push the price up or simply to force short sellers to cover. Remember, even though the breakout is still uncertain, do not short the market.

Finally, let me mention the PUMP I talked about yesterday. Since Binance has opened contracts, the price is around $0.005, and theoretically, as long as you can buy in the public sale, you can achieve an arbitrage of over 25%. Of course, the premise is to ensure that you do not get squeezed out. Since there might be many people hedging, if the main players want to force a short squeeze, it could be quite uncomfortable. Of course, this arbitrage opportunity is quite obvious, and there are risks involved. I mention this, and whether to arbitrage is up to your own decision. I will choose to hedge a bit in batches, and if there is a short squeeze, I will consider increasing my hedge positions based on the situation.

Thank you for your attention and likes.