Please listen to my sincere words patiently, coin traders!
Whether you hold BTC tightly, love ETH, or are optimistic about BNB, please pause your busy trading and take a few minutes to feel my advice from the bottom of your heart.
When the halo of the coin circle allows you to achieve financial freedom, remember the following nine "don'ts", they may help you avoid many unnecessary twists and turns.
First, don't let people around you peek into the secrets of your coin trading. In this world, those who understand will naturally understand, no need to say more.
Second, don't easily expose your income. Income charts and asset charts are all triggers for jealousy and trouble, so it's better to keep a low profile.
Third, don't show off your rich life in the circle of friends. Except for close relatives, few people really hope that you live better than him. Excessive show-off will only attract unnecessary jealousy.
Fourth, when you have a huge fortune, you should also keep a proper distance from old friends. Many predecessors in the coin circle have chosen to live a low-key life after gaining financial freedom, and even gradually drifted away from their past friends.
Fifth, gambling and drugs, don't touch these two things! Gambling will ruin your psychology, and drugs will ruin your physiology. Once you are infected, the consequences will be disastrous.
Sixth, don't easily call people stupid B, harmony is the most important, and getting angry will only affect your fortune. When you meet those who consume you, just stay away from them, no need to say more.
Seventh, don't take the initiative to do good, and don't pity others easily. Everyone has his own destiny, and being yourself is the greatest contribution to the world.
Eighth, don't invest in areas you don't understand. Remember, people can never make money beyond their own cognition, and blind investment will only make you lose all your money.
Ninth, resolutely don't touch physical entrepreneurship unless you are passionate about it and don't make money as the only purpose. In the current economic environment, physical entrepreneurship is extremely risky, and if you are not careful, you may be unable to recover.
These are advices, but I sincerely hope you can listen to them. Although the currency circle is good, you must also act with caution. I hope you will be more stable and go further and further on the road of currency speculation.
If it doesn't break 112 over the weekend, it may first rebound to 116-117 (slightly corrective) next week, then possibly drop to 110-109. If there is a divergence at the bottom on the 4-hour chart, a significant rebound could occur. If it continues to decline over the weekend, there may be a large drop at the beginning of next week back to the 100,000 - 112,000 range, with the lowest price in August possibly reaching over 90,000. Yesterday's alert indicated poor August market conditions, and as expected, there was a significant drop in the evening. I hope family members take precautions. There are rebound opportunities in August, still maintaining a bullish outlook at lower levels.
After this wave of market changes, how many people are trapped again?
At the same time, the contract open interest keeps rising and has reached a new high. This is also a change brought about by the small fluctuations in the market, as everyone wants to earn a bit more money through leverage.
"Will there still be a peak season for altcoins?" This is something everyone keeps repeating during this round. Based on the current market situation, it seems that things might only improve when the liquidity starts to increase; at other times, there won't be much money in the market.
In the four-hour chart of BTC, the price is undergoing a wedge adjustment, and there may be a breakthrough opportunity soon, making it suitable for short-term trading. Pay more attention to this recently!
Additionally, the overall market condition is still good. If you have spot holdings and funds available, you can gradually buy in batches at lower levels. Mainly recommend large market cap tokens like BTC, ETH, XRP, DOGE, SUI, SOL, PEPE, PENGU, and others.
Last night, Powell spoke a bit softly, saying that a rate cut in September is not certain, and as a result, the market dropped quite a bit. Just at three in the morning, I was still awake, so I took a look.
Actually, this drop is a pretty good buying opportunity, and I'm hoping it can drop even more. Even if there is no cut in September, will there be one in October? If not in October, it should happen in December, right? The market will react in advance, and buying now means betting on the expectation of entering a rate cut cycle soon.
So when the BTC price stabilized and started to rise, I looked for an opportunity to go long. During this period, ENA was the fastest among altcoins to recover from the drop; it was already on my watchlist, so I simultaneously bought long positions in both BTC and ENA. I already had long positions in ETH, so I didn't make any moves last night. After this drop, BTC might end the consolidation and then surge towards 120,000, just need to hold steady.
BTC spiked last night and returned to its original position today. Altcoins have pulled back to the right level; those who should enter, should enter and wait for the rise. Powell has softened his stance; he can't afford to lose face with Trump. The data from August looks bullish, and interest rates will be lowered starting from the 31st for the second half of the year. BTC's spike has a long lower shadow, indicating capital support. If it doesn't drop, it will rise; the market is shifting quickly, so don't easily short. Altcoins should get on board; if you don't enter, consider my words wasted. BTC will have one last surge, and altcoins will follow the rise. At the end of a bull market, it will get wild. After that, it's all about selling, not buying.
The altcoins were strong for just a few days and have reverted to their old ways: when Bitcoin and Ethereum rise, they don't follow; when they fall, they drop harder than anyone else, which is really dull.
A few days ago, Bitcoin and Ethereum tried to reach new highs but failed, indicating that there is still significant selling pressure at high levels. To push higher, they need to slowly adjust and build momentum. There are only two days left in July, and the monthly data will be released soon. Additionally, important data related to tariffs, interest rates, and non-farm payrolls will also be announced during this period. It seems there won't be any significant market movements in the next couple of days; it’s better to hold back, take a break if needed, and wait until August to see how the situation unfolds.
Many people ask about SOL, but actually, just look at the situation of Bitcoin now; other coins basically follow it. Bitcoin has significant funds supporting it at critical price levels. In one week, 80,000 Bitcoins (approximately 9 billion dollars) were sold, and the market did not drop below 148,000, which indicates that there is plenty of buying power.
Market summary: Slowly moving upward, it’s a good time to buy when the price is low.
Recently, the price of BNB has been hitting new highs continuously. I believe that Binance will definitely continue to improve its ecosystem around BNB during this period. The altcoin market is still not doing well; apart from mainstream altcoins like BNB, SUI, XRP, and SOL rising sharply, most other altcoins are performing quite ordinary. In the future, altcoins will only see the strong getting stronger, meaning that sectors will take turns to rise, and there will no longer be a situation where all altcoins rise together.
The last drop of BTC has finished, 114700 is the lowest point of this period, and the bulls are still dominant, continuing the trend.
It is estimated that after a few days of fluctuation, BTC will reach a new high again, and ETH is currently the strongest cryptocurrency.
U.S. stock index futures opened with a rise this morning, and the slow bull market continues to reach new highs. This week, four of the seven tech giants will announce their earnings reports.
#solana has performed quite well in the past couple of days, continuously rising.
The upward channel for the last 4 hours has enough space for fluctuation, just waiting for a breakout confirmation. However, the momentum brought by news is starting to weaken... If it rebounds to around 192 today, a short position can be taken, with the first target at 185, then looking at 180 and 175.
Over the weekend, BTC and ETH have been fluctuating around the daily MA5 as expected — going up a bit and then coming back down, and going down a bit and then coming back up.
Because Bitcoin is likely to enter a bear market in early September, the speculators of those altcoins and mainstream coins want to create the appearance of a bull market to save themselves, so they won't easily let the price drop below the third key buying position. The reason is simple: they want to sell the coins in their hands, and if the price drops too low, there won't be any buyers below.
For large market cap coins like #WIF , #UNI , #ENA , and #DOGE , just hold on and wait for the price to rise. Even if there is a correction, it won't happen until September; it won't happen now.
Today, Bitcoin has broken through the consolidation range with significant volume. Tomorrow's closing is crucial. If it can return to this range, it would be a false breakdown, possibly the last drop of the correction; if it cannot return, the magnitude of the correction will need to increase.
Ethereum is still the strongest, as it has not yet broken through the previous swing low on the hourly level.
It seems that every bull market has nothing to do with it. Many people always hope it can pull up, but in the end, they miss other opportunities. Now this market is almost at its end, so don't think about holding long-term anymore; you can only take advantage of short-term upward trends.
Starting from 74,000, BTC has consolidated for about one to two weeks each time it rises by a dozen points or so. It has consolidated quite well now, and I estimate it will reach a new high this week or next.
ETH is still in the early stages of a bull market, consolidating in front of the key position at 4000, clearing short-term chips. This pullback won't be too deep and won't last too long, and it will break through together with BTC.
The C coin with a market value of 60 million might become the next SPK. This is a small market cap coin on Binance, and it could surge significantly.
You might consider buying some in the spot market, currently around the price of 0.4146, buying in several batches. If it pulls back to above 0.35, add to your position, with a target of earning over 50%.
I mentioned before that SOL is stronger than Ethereum, and looking at the current momentum, it seems like it will continue for a while. This afternoon, Ethereum has already started to adjust, but SOL's strong momentum is still there, and it is estimated that it will take some time before it weakens.
#BTC : From the candlestick chart, the daily level price was clearly in an upward trend recently, but it has started to correct now. At the 4-hour level, it has been continuously closing with bearish candles, currently in a stage of fluctuating adjustments.
In terms of technical indicators, the daily DIF and DEA are still above the zero line, indicating that the strength of the upward movement has only weakened, not completely disappeared; the 4-hour DIF has crossed below the DEA, and the histogram has turned green, suggesting that short-term downward momentum is dominant. In terms of operations, after the short-term price breaks below the moving average, we can consider going short when it rises to the moving average or near a resistance level. The market is currently volatile, so it is important to manage the trend in stages, taking it step by step. You can enter short positions near the 1180 - 1185 range, with the first targets looking at 1165 and 1150.
#sol has risen too sharply, its derivatives are increasing rapidly, platform coins like #JUP , #Ray , and #jto have just broken through key positions and are worth noting.