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$DOGE NEWS OF JULY 1ST 2025 🔥 Trump Threatens to “Unleash DOGE” on Musk
On July 1, 2025, Trump reignited his public feud with Musk over his controversial “Big, Beautiful Bill” — a sprawling spending and tax reform package. Musk criticized it on X, calling it “outrageous” and fiscally reckless. In response, Trump threatened to have the Department of Government Efficiency—DOGE (formerly led by Musk)—“review” Musk’s federal subsidies and even hinted at the possibility of revoking Musk’s government contracts or citizenship, calling for an investigation via DOGE . He also didn’t rule out deportation, stating that Musk might have to “head back home to South Africa” if federal support was removed .
⚖️ Political & Legal Implications
Trump’s use of DOGE as a political tool is drawing scrutiny: SEC staffers and government-watch groups are raising alarms about overreach and lack of transparency in how DOGE operates . A lawsuit has been filed in D.C., citing Trump’s remarks on DOGE to demand more transparency about Musk’s authority and role .
📉 Market & Crypto Reaction
The feud has rattled markets: Tesla stock dropped ~5–6% in early trading, and meme‑coin DOGE slid toward $0.17, reflecting heightened risk-off sentiment tied to the political conflict .
Broader crypto sentiment suffered, with increased volatility and liquidity flight as uncertainty around regulatory or political reprisals lingered.
📝 Summary
Trump is explicitly threatening to weaponize DOGE—the agency he and Musk founded—to pressure Musk’s companies and potentially revoke federal subsidies or contracts. This attack has sparked political backlash, regulatory concern, and legal scrutiny. FOLLOW #mrAlphaChartist FOR CURRENT MARKET ANALYSIS #TrumpVsMusk #BTCPrediction #OneBigBeautifulBill #doge⚡
Bitcoin continues its strong momentum, supported by macro tailwinds and institutional inflows.
🔍 Technical Analysis
BTC recently reclaimed its 20/50/100-day EMAs, holding the key $106k–$108k support band, which now acts as a springboard for further upside .
Momentum indicators: RSI sits in the mid‑50s, showing bullish bias without overbought extremes; MACD recently confirmed a bullish crossover — both supportive of near-term gains .
Geopolitical easing (e.g., potential de-escalation in the Middle East) has lifted overall risk appetite, boosting BTC alongside equity indices .
Policy tailwinds: U.S. crypto-friendly legislation (e.g., Genius Act) and proactive steps like establishing a Strategic Bitcoin Reserve under a new executive order are reinforcing the narrative of legitimacy and long-term adoption .
🚧 Key Levels to Watch Today
Level Significance
$110k–114k Clearing this resistance unlocks upside targets of $125k, then $143k . $106k–108k Crucial support shows recent demand — a breakdown could send BTC toward $100k . $100k A deeper support level — breach here risks a tilt to the $92k–$95k area .
📈 Outlook & Catalysts
Bull case: BTC reclaims $110k, technical momentum and ETF flows continue → rally to $125k–$143k possible in coming weeks .
Bear case: Failure to break resistance or negative headlines → fallback towards $100k, potential test of $92k if broader markets turn risk-off .
🏁 Summary for Binance Square
A clean breakout above $110k could ignite the next leg, targeting $125k–$143k. On the flip side, watch for failure to hold $108k—this may set up a deeper pullback. Focus on ETF flow data and macro sentiment for signs of the next move.
SOL is trading near $150.6, fluctuating between $145–151 intraday.
Price action remains range-bound, with a slight bullish tilt as SOL hovers above its short-term moving averages.
🔍 ETF Approval Factor
🚀 Momentum Driving ETF Optimism
A spot SOL ETF appears closer than ever: as of June 25, Invesco/Galaxy submitted a filing for a “Invesco Galaxy Solana ETF” (ticker: QSOL), with Coinbase as custodian and BNY Mellon as administrator .
⏳ Timeline & Odds
The SEC entered several filings in the Federal Register in February, starting its 240‑day review clock, which points to an official decision potentially around mid‑October 2025 .
However, several analysts now suggest the SEC is fast‑tracking review, with July as a realistic approval window .
Polymarket prediction markets show 60–97% odds of a spot SOL ETF approval by July 31, 2025 .
🔄 Why This Matters
A U.S.-approved spot Solana ETF would open SOMETIMES:
Institutional capital inflows (projected between $3B–6B AUM in the first year) .
Enhanced legitimacy — making SOL accessible in IRAs/401(k)s.
Higher on-chain activity as staking crews rebalance and deposit tokens.
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📅 Today’s Key Levels & Catalysts Enhanced
Level Significance
$153–155 A breakout above would likely attract ETF‑driven flow and push price toward $160–165, or even $170+. $145–147 A breakdown here negates ETF enthusiasm and risks retest of $135–142 support. Catalysts • ETF filings updates or S‑1 feedback from the SEC today/weeks<br>• Polymarket odds shift<br>• On-chain futures/ETF-linked asset flows
📈 Today’s Outlook
Bullish scenario: ETF-related headlines surface → SOL breaks above $153 → tank fills toward $160–170.
Bearish scenario: Lack of progress or negative staking feedback → SOL falls back under $145 → triangle breakdown emerges.
Here’s today’s Ethereum (ETH) analysis, July 2, 2025:
📉 Price & Market Context
ETH is currently trading around $2,462, up marginally today. Intraday range: $2,392–$2,462 .
Broader crypto market is mixed—Bitcoin modestly up, while ETH and other alts are lagging slightly, behaving more like tech stocks than safe-haven assets .
🔍 Technical Setup
ETH remains range-bound between $2,300 and $2,600, straddling the 20-day EMA (~$2,470) .
Key resistance lies near $2,500–$2,600, overlapping the 38.2% Fibonacci retracement from recent swing highs .
Indicators:
RSI (~50): neutral stance but tilting bullish from late June lows .
MACD: showing early bullish divergence—histogram rising and MACD line attempting a crossover .
Bollinger Bands are narrowing, signaling low volatility. A breakout beyond bands (~$2,709 upper / ~$2,254 lower) could lead to a sharp move .
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🚦 Bull/Bear Scenarios
Bull Case:
A decisive move above $2,600–$2,700 could open a path to $2,900–$3,000, potentially extending to $4,000 as seen post-Pectra upgrade .
Bear Case:
Failure to hold $2,400 support risks a return to $2,200, with a worse drop toward $2,050–$2,150 cluster or even lower if sentiment worsens.
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📊 Recent On-Chain & Upgrade Drivers
Pectra upgrade (mid‑May) improved efficiency and burn dynamics, but DeFi TVL has pulled back ~15% .
Accumulation addresses remain active; whale inflows are noticeable—public entities are adding ETH to their treasuries .
Network usage is rebounding: daily tx count rose from ~1.2M to ~1.75M over recent days .
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🧭 Today’s Outlook
ETH is consolidating after a mid-year pullback (~3% down). As macro & crypto markets trade with tech stocks, calm volumes dominate. Keep an eye on:
Breakout above $2,600–$2,700 with increasing volume = bullish confirmation.
Breakdown below $2,400, especially on rising macro risk, = bearish signal.