Recently, there are more and more people shorting. In the short term, Bitcoin has dropped to 102,000, which can only wipe out over 2.3 billion in shorts; but if it rises to 125,000, it could wipe out 4 billion in shorts. It seems something big is coming. How do you think the big players will play this round?
Every day, BTC is fluctuating Leaving people stunned. Altcoins are crashing again. Like the recently bankrupt entrepreneurs, They won't end well. But just now BTC has made a rebound, Currently it hasn’t stopped falling, but a rebound is good; the chances of continuing down today are less. Many altcoins have reached the second support level, Have you jumped in? What are you afraid of with spot trading? Indeed, a sharp decline, panic, this is human nature, But it is also an opportunity to enter the market. Some might say it needs to reach 100K, Bro, if it really reaches 100K, the bull market should be over. As long as it doesn't effectively fall below 112000, the bullish trend isn't broken, just the timing for an upward movement will take some twists and turns. BTC, you can go long at the current price, with today’s previous low as the stop loss. The same goes for altcoins, Depending on the situation, ETH should be relatively stronger.
ETH is indeed strong. Recently, I haven't dared to short, not even a short position. Currently, I'm analyzing ETH and predicting its future trend. 1. Short-term (1-2 weeks): The current price of $3859 is close to the resistance level, and technical indicators show increased selling pressure, suggesting a possible local peak. It is expected that ETH may pull back to the $3500-3600 range, with key support at $3500. If it breaks below $3500, it may further drop to $3200. 2. Medium-term (1-3 months): If ETF inflows continue, the development of L2 networks (such as Optimism, Arbitrum, etc.) goes smoothly, and the macro environment improves, ETH is expected to break through $4150, targeting $4500-5000. Optimistic predictions even mention reaching $7000 by 2025, but more favorable support is needed. 3. Long-term (end of 2025-2030): Based on institutional adoption and network upgrades, ETH may reach $7000 or higher (with predictions as high as $47000 by 2030), but macroeconomic risks should be taken into account. Although I have been saying recently to reduce positions in ETH at $3800 in batches, looking at the weekly pattern, ETH has not peaked yet, and there may indeed be an opportunity to reach $5000. Let's buy on the pullback.
This Friday there is non-farm payroll data, and the interest rate meeting is on Wednesday.
There is a saying that the Federal Reserve will see the non-farm payroll data in advance, and if employment is strong, Powell's speech will be more hawkish.
ADP employment greatly exceeded expectations, and the second quarter GDP exceeded expectations;
The economy is strong, employment has not weakened, and inflation has not continued to decline, so the Federal Reserve has not adopted a dovish stance despite pressure from Trump.
I haven't paid much attention to on-chain recently. Today, after chatting with some friends, it feels a bit like August/September of last year.
BTC and altcoins have not yet shown a sufficiently clear breakthrough, and on-chain liquidity is also returning, not really warming up.
What we are currently waiting for is a breakthrough in the overall market, as well as the wealth effect and new narratives brought by on-chain Neiro and Goat last year.
The cold and waiting can also be boring, liquidity will eventually return, and if you don't want to take risks, just wait for the second phase.
When Neiro and Goat come out, there's no need to grab them; there will be opportunities like Act Pnut and many others appearing, and at that time, you should be decisive in getting involved.
Starting today, important macroeconomic news from the United States will be released one after another. This week will not only see significant data such as PCE, unemployment rate, and non-farm payrolls, but also earnings reports from U.S. stocks, and on Thursday, there will be a White House digital asset report. Of course, the most anticipated event is the Federal Reserve's interest rate meeting and Powell's speech at 2 AM on Thursday, which will have a significant impact on market confidence and expectations. Everyone is hoping for good news to arrive soon! Additionally, the Ethereum Foundation dumped again the day before yesterday; will the Ethereum 10th anniversary conference see a decline as well?
All of the above are key events that can influence market trends, making the market movements during this super macro week particularly important. Recently, Bitcoin has been in a high-level sideways consolidation, waiting for a direction, which will also determine whether Ethereum's altcoins will continue to rise in the third wave or face a deep correction in the fourth wave?
The market has not disappointed expectations Ethereum has surged to a new high of 3940 in this round Unfortunately, it did not break through 4000 There are expectations for interest rate cuts in September The market in August should be good During this time, it is still mainly about buying on dips We just have to see when August and September will come to lead the last wave of the market A correction is definitely going to happen There won't be a market that only rises without falling Unless it's a Pixiu How long do you think the market can continue?
Altcoins, want to rise? But afraid of BTC, after a spike, it will pull back. If it doesn't rise, It'll drop to this awful state, making it hard to mix in the industry later. ETH, SOL, DOGE, are showing some signs of rising, but the funds in the market are insufficient, And the overall market has reached a point where it needs to pull back. In the last wave, many who chased high got stuck, Now when it goes up to free these people, the big players are reluctant. Actually, I have always been sure that July-August is mainly about fluctuating and pulling back. This wave of bull market is actually nearing its end, Or rather, there might be another decent rally, But everyone is asking if there will be another altcoin season. The answer is really no. Don't have any thoughts of value investment; the times are different. Most project teams have already been neutered. The 'public' is not viable. For those trading contracts, just don't be greedy; make your money and run. As for some people, if you already got your fill in the last rally, don't be greedy. Take a break now, and after 730 days, come back to buy at the bottom.
Currently, the market generally expects a high probability of an interest rate cut in September, and the expectations for July have also increased. Therefore, this week's non-farm data may become a key factor in whether to cut interest rates. Additionally, after the tariff grace period expires on July 9, attention is needed on whether Trump will take new measures. On the other hand, the continuous buying actions from institutions have led to a new high in net inflows of Bitcoin last week, and strong buying may drive Bitcoin into a new upward cycle, with the potential to reach a historical high. Currently, Bitcoin's weekly closing price has reached 108,500, and this price level may become the starting point for the next wave of upward trends. Continue to stay alert and prepare for the rise.
The ETH early morning surge stretches again, hitting 2520 once more. This is the second rebound after breaking below 2500, mainly due to news-driven trading, speculating that the SEC's final approval deadline for Grayscale's digital large-cap ETF is approaching this week. #Grayscale Fund Currently, Grayscale is no longer the same as it was in 2020 or 2021; the market is now dominated by international giants like BlackRock, MicroStrategy, and Fidelity. Moreover, Grayscale has been continuously reducing its holdings of BTC and ETH, while the speculation around XRP, SOL, ADA, and DOT shows that the probability of direct approval is low based on current data. They have made several empty promises since the beginning of the year, which have significantly misled investors, so I remain cautious and observant here. #Ethereum Foundation Additionally, the Ethereum Foundation has been transferring 1,000 ETH daily to another multi-signature wallet recently. In a month, a total of 11,000 ETH has been transferred, but there have been no further actions regarding the transferred ETH. This data needs to be monitored closely since the foundation often acts unpredictably. The amount of ETH being burned currently cannot offset the amount of new issuance, and with the monthly close approaching, we need the price to break new highs to see if ETH can reach 3000. #Non-Farm Employment Data The non-farm data will be released on July 3rd, and everyone should keep an eye on it. After all, there is usually significant volatility for 1-2 days before the non-farm data is released. Those who have positions should take profits, and those who want to be greedy should set a stop-loss at their cost price. Today is mainly for observation; it’s fine to initially set up a short position. Make sure to average down your holdings in BTC, and set a stop-loss for your ETH short position. The market has been fluctuating for another week, and there’s a lot of on-chain data piling up. The whales are about to start harvesting again, so everyone should prioritize risk management.
BTC Today is the fourth day that BTC is at the $108,000 resistance level. If there is no significant fluctuation over the weekend, a direction must be determined next week: either a failure to break through $108,000 and a return to test the $98,000-$100,000 support, or a breakthrough of $108,000 leading to a new high of $120,000.
Recently, the market has been too cold, too cold It seems there are not many hotspots When the market is extremely quiet, it's time for us to choose houses and watch the market! Brother, recommend a potential coin to me, I just want to make money and defend ETH, this garbage!
The core PCE price index for the United States will be announced at 8:30 tonight. Less than 2.6% is bullish, otherwise it's bearish.
A big move should be coming soon, make sure to hold steady and don't sell too early. It's not suitable to trade in waves right now; it is recommended to mainly hold BTC.
BTC/GOLD Gold Standard Weekly Index Price has returned to a key resistance level!
This resistance level spans the top of 2021, the top of 2022, and the top of 2024, only finally breaking through in 2025...
The next two weeks are likely to be another test, as the recent decline in gold has provided a great opportunity for this index to rise. Hopefully, it can break through this time...
In the past 48 hours, Bitcoin #bitcoin has continued to make slight higher lows and highs. Although it seems to be rising, it is just small steps, and the rhythm is extremely confusing.
Whenever a strong candlestick appears, it is easy to think that a breakout is imminent, but often the next candle weakens again.
In such a market, it is only suitable to continuously take profits according to plan, and there is no reason to blindly chase after rises, let alone take high leverage to bet on a big market.
1: BTC rebounded to around 108000 and has reached a short position at 107730-108300-108930, with a stop-loss at 109600. The average price is around 108500, with a stop-loss of 1000 USD, and a profit margin of 3-5000 USD. The position for shorting is in a strong resistance zone. Today is Thursday, and it has been fluctuating within a range; a direct breakout is unlikely, but a false spike is possible.
2: The market has entered a consolidation phase, similar to the period from June to August last year, with wide fluctuations making it easy to swing both ways. If this position sees a false breakout and continues to surge, it’s bold to go short as long as the risk-reward ratio is appropriate.
3: The ETH foundation has revealed a transfer of funds. Those in the know understand it's clearly for cashing out salaries, just like last year when ETH dropped from 3200 to 2100. Currently, ETH is struggling to break 2500; if it reaches the 2460-2480 range, go short confidently. Set a stop-loss at 2520, with a potential profit of 2-300 USD. There's nothing to be afraid of.
BTC #bitcoin New daily BSL, there is another equal high point near the daily BSL, let's see if the price starts to expand upwards from here to gain liquidity.
If you missed the long position, don't chase it hard, wait for the next opportunity. Also, don't revenge short because you missed it, unless you want to ignore the risk of BSL and take a gamble.