Bitcoin reached a high of 119,800 yesterday and a low of 117,427, with a fluctuation of 2,373 points. Ethereum reached a high of 3,941 and a low of 3,754 yesterday, with a fluctuation of 187 points.
Today's hot opportunities:
1. Trump pressures the Federal Reserve to cut interest rates this week; market reactions show a 100% probability of no change this month, with a possible cut in September.
2. Mill City Ventures III launches Sui asset reserve strategy through a $450 million private placement.
3. Binance launches RWUSD, allowing 1:1 exchange of stablecoins, enjoying an annual yield of 4%+.
4. Plasma public offering ends, with subscriptions of $373 million, oversubscribed by 7 times.
5. Binance HODLer air drops Treehouse (TREE), going live for spot trading on July 29.
6. BNB ecosystem meme coins (like cat, tst) took off yesterday but fell back due to market drag.
BTC
The Bitcoin market is currently in a washout phase, testing who can hold on until the end. The bullish target is for the market to break 120,000, driving altcoins up. But now, most people hold altcoins, and although BTC is strong, altcoins are weak; with a slight pullback, altcoins can drop significantly.
Compared to history, altcoin prices have significantly retreated. The market is still dominated by futures, making it difficult to break 119,700 in the short term. If it breaks, short positions may be quickly liquidated, pushing it up to 122,000, potentially challenging the previous high of 123,000 USD, but the possibility of a direct short-term rise is low.
Recently, it is not advisable to chase big market trends, as it is easy to lose all profits. Swing trading is more stable; just aim for small profits.
ETH
Ethereum's short-term peak risk is increasing, it may surge to 4,000 USD this week, but chasing highs is not recommended. It is highly correlated with Bitcoin; if Bitcoin pulls back, Ethereum may follow.
On the technical side, the one-hour level lacks sustained upward support; recent rises have not seen a pullback before going up, and the top structure may have formed. If it breaks 3,940 USD or 4,000 USD, MACD may show a top divergence, indicating a high risk of a short-term peak. ETH/BTC has already shown a top divergence on the four-hour level.
Altcoin
Brothers, today the altcoin season index is 49, do you think there is still an altcoin season?
The market adjusts, altcoins decline; before altcoins explode on a large scale, prioritize some quality leaders that have seen continuous off-market buying. The rest of the altcoins will only rise when the market completely FOMO; today CFX and C strongly occupy the No. 1 and No. 2 spots on the gainers list.
C
Today reached the first take profit target of 0.395, entered at 0.326, successfully gained 21 profits. Currently, the second target position has also been reached, with a 32% increase.
CFX
Just sent out at noon and it shot up! First, went long at 0.19, publicly entered at 0.2, in just one hour gained 4238%, feeling good.
WHATRR
It is an environmentally-themed meme coin, ambushed around 0.000029 in the early hours, with a market cap of only 297K, peaking at 0.00045, currently providing over 9 times profit, with a market cap reaching 2.3M.
SUI: The pullback is significant, returning below 4.0; if it does not recover in the evening session, it needs to be exited. High temperatures can make people restless, leading to impulsive decisions, which are not suitable for investment.
DOGE: There is a fake line market, fluctuating at least 8% from yesterday to today, indicating that the timing is not right, and caution is needed to avoid forming a double top. If it continues to fall, the double top will be established.
Finally: At 2 AM on July 31, the Federal Reserve's decision will be revealed, and the market is bound to be unsettled.
But regardless of the outcome, the bull market is not over; pullbacks are opportunities. Bitcoin may choose a direction this week, so be patient and wait for signals. The 4000 mark for Ethereum is key; don't be greedy in the short term. Altcoins are ready to take off, seize the opportunity to buy low. Maintain your mindset and don’t be washed out by short-term fluctuations.
