Are you kidding? Stopping war one moment, firing missiles the next!
You fire when the US stock market is closed, and you stop when it opens. Messing around back and forth, and the unlucky ones are still the bag holders in the crypto market. We're paying for the ammunition, right? Someone, shut him up!
Back to the crypto market, from a technical perspective, Bitcoin's current trend is a typical false breakdown: quickly recovering after breaking through the neckline, very similar to the false breakdown of 90,000 in January this year. However, note that after the false breakdown in January, it directly broke through the previous high. So this rebound might be stronger than expected. If it rises to 110,000 forming a Double Top structure that lures more buyers, it will be a very critical medium to long-term short point, with the target still looking at the CME gap - 93,000.
Q for communication: 3806326575 Okay, let's continue looking at the altcoin situation! Like SOL dropping from 190 to 120, Pepe from 0.16 to 0.08, although there's a rebound today, it's just a technical pullback from excessive drops. The trend hasn't changed, and small coins are still in a downward channel. This pullback won't end quickly, it will likely continue for another one or two months. While BTC is still in the hundred thousands, the CME 93,000 gap will eventually be filled. I said this last month, and I'm maintaining this judgment.
The short-term rise is stimulated by the Iran-Iraq ceasefire news, and the positive news is unlikely to last. If BTC can really pull to 110,000 previous high, forming a Double Top structure, I'll dare to short. The true buy the dips point hasn't arrived yet. I'm watching two signals:
- The fear and greed index needs to drop below 25, currently still at 40, neutral to high;
- Continue observing the macro situation: Middle East situation, Federal Reserve's moves, Trump's policies, etc.
My altcoin list is clear: SOL, Pepe, Doge, Sui, and a bit of Ray. SOL starts DCA at 130, Pepe at 0.08 in batches, Sui is ideal between 1.8~2.1U.
Summary: It's not time to rush the rebound, but to prepare ammunition and wait for an opportunity to snipe.
Why am I focusing on these coins?
First, #Solana, expected to pass spot ETF by October at the latest, and with staking functionality. The White House and new SEC are crypto-friendly, SOL futures ETF is already online, and the SEC requested additional materials this month - typically a pre-approval signal. Many retail investors don't know this news yet, follow me quickly to not miss the first wave of opportunity.
Then #DOGE, as previously mentioned, Musk's X platform will launch stock and crypto trading functionality, this is a mass entry trend, and as the "favorite child", Doge will definitely take off.
As for #Pepe and #Sui, they belong to high volatility altcoins, with strong market makers, daring to rise and fall, buy at the bottom, 2-3x elasticity is not a dream. Especially Pepe, once the Ethereum staking ETF lands in October, as the ETH ecosystem meme leader, the positive news will be direct.
After discussing buy the dips, let's talk about coins that can be shorted.
Several coins will face large unlocks this week, such as Blast, ACX, KMNO, with unlock amounts reaching 20%-30% of circulating supply. With a small rebound in the past two days, it's a good time to set up short positions.
Next in July, SOLV, Trump, ZRO will also unlock large amounts of tokens, all previously mentioned short targets. Especially Trump, which I suggested shorting earlier and it dropped from 16U directly, check if you don't believe it. Many institutions actually started withdrawing in late May, like Spoofy and Abraxas clearing positions then, when Pepe was still at 0.16. Smart money runs faster than anyone.
The next key focus in the crypto market is the PCE inflation data on Friday, which might become a turning point for market trends.
That's it for the article! If you're lost in the crypto market, consider joining me in layout and harvesting from market makers! Join the community VX+Q group 👉🏼Q: 3806326575 V: Mixm5688
