Bitcoin rose yesterday afternoon but then fell, continuing to drop after the US stock market opened. After the anticipated rate cut, it surged to 117,000 USD, and Ethereum also soared to 4,600 USD.
I suggested yesterday: Long Bitcoin near 115,500, add at 114,800, target 119,500/121,500, stop loss at 113,500; continue holding the Ethereum long position at 4,450, or long near 4,450, with targets at 4,650/4,750 and stop loss at 4,360. Those who followed the long positions last night made a great profit.
BTC
Yesterday, the market was in panic, calling for a crash, and bearish sentiment was high, but I remain firmly bullish! BTC's daily chart formed a 'small umbrella star' with a long lower shadow, strong buying pressure below, and significant involvement from large funds, laying the foundation for an upward trend. Currently, the daily focus is on the 117500 reversal level; once above this level, the bullish trend will be clearer.
From the daily chart perspective, Bitcoin's moving averages are in a bullish arrangement, MACD golden cross upwards, after a period of consolidation, it will continue to rise. No significant volume at high levels has been observed; it is recommended to maintain patience and avoid shorting easily, focusing on buying during pullbacks.
Strategy: Long at 116200, add at 115500, target 118000, resistance near 120000.
ETH
The recent trend for ETH should still be a volatile trend, as there are no clear market opinions; it suffices to buy low and sell high for now, and it is currently on the edge of breaking the rounded bottom. The key point is at 4,790 USD. If it breaks through effectively and stabilizes, this trend is expected to challenge higher targets.
The intraday strategy for Ethereum is mainly low buying: participate in long positions at 4540 and 4490, with targets at 4620, 4670, and 4750.
Altcoin
After last night's interest rate cut, the market is already speculating on rate cuts in October and December, so the market for the second half of the year will not be bad. EIGEN, AVAX, and other targets have already started ahead of time, so it's time to be alert and put effort into researching quality altcoins:
SOL
I mentioned yesterday to buy SOL at 231, which yielded a profit of 698%. The daily chart has formed a double bottom structure. If it stabilizes at 247, the target is directly at 300, with support at 238. Before the rate cut, it pulled back to 230.25 (0.382 retracement level), indicating SOL is stronger than ETH and BTC. Today's resistance is at 246.5; watch for 250 after breaking through.
BNB
I predict BNB will break 1000 in September and October; it has already been realized yesterday with small profits at 985 and 1000. Spot orders are set at 4-hour EMA21, 50, and 100, aiming to buy low during market pullbacks; if there is no pullback, continue holding positions.
DOGE
Dogecoin has formed a large rounded bottom, with the current price at the 0.28-0.3 neckline. After breaking through, the targets are 0.5, 0.6, and 0.8.
DOGE ETF (Code: DOJE) and XRP ETF (Code: XRPR) will be launched tonight. ETFs are an important way for traditional finance to invest directly in cryptocurrencies, and DOGE is expected to soar.
AIA
AIA has landed on B安Alpha and the contract, with ample liquidity. The current price is 0.5, circulating market value is 50 million USD, which is low compared to the 11 million financing amount. AI narrative + B安Alpha + contract + Sui ecology + high staking rewards provide multiple boosts; optimistic about DeAgentAI's subsequent development. With the arrival of the altcoin season, invest boldly!
