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Is Bitcoin's 140,000 bull flag real? Trump's disruption + Fed crisis! PEPE and Sol's positive news hit the unlocking thunder, why is the market silent?

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Here's the English translation: The weekend market is generally weak, with BTC currently oscillating in the strong resistance zone between 106,500 and 108,000. From the liquidation map, there are large numbers of long and short positions below 106,000 and above 108,000, which likely means a directional choice in the short term. I personally lean towards a "first drop then rise" rhythm, still holding a small short position at 107,500, and will wait calmly for the result after placing the directional bet. Currently, market sentiment is relatively calm, with some waiting to buy the dips during a big drop, others hoping to break even on rises, and a thick atmosphere of wait-and-see. From the four-hour perspective, BTC has experienced a small callback after a slow upward movement, currently running in a slightly downward parallel channel. Although the price is near the upper rail of the channel, the past few candlesticks show a low-volume small yang formation, indicating insufficient bullish momentum and pressure to break through in the short term. Considering the limited callback space, you can observe and rest during the weekend! Trump's team started withdrawing from the pool, first taking out tokens worth about $700, and through on-chain tracking, discovered they were ultimately sold on OKX. Looking back, Trump paid off a $100 million loan within six months of taking office - where did this money come from? It's chilling to think about. My long-term short on Trump is still being held, with a large unlock expected in mid-July, and I plan to add another short position in early July. Additionally, ACX will complete its unlock on Sunday night, and those who followed the trend can consider taking profits in batches. Yesterday was Blast's unlock day, and we've already successfully bagged our profits, feeling beautiful. Surprise! Trump is about to make a move again, why is the crypto market indifferent? Trump is going to take action against the Federal Reserve. This means there might be dual power lines within the Federal Reserve in the future, with rate cut expectations rapidly warming up. The US Dollar Index (DXY) has also plummeted, breaking through key support and creating a three-year low. Theoretically, this is a major positive for the crypto market - dollar depreciation and loose expectations should accelerate fund inflows. But reality throws cold water on this: US stocks are soaring, while the crypto market remains stagnant, especially altcoins, which lack even the energy to "follow the rise" and only "follow the drop". This "unable to rise" situation is worth high vigilance. From a technical perspective, Bitcoin does have the embryonic form of a rising bull flag, but looking broadly, MACD shows a clear top divergence - new price highs, but weakening momentum, making a false breakout and Double Top more likely. Once it rises and falls back, that would be a clear short signal. On-chain data is also not optimistic: Billion-dollar institution Abraxas has recently built a $500 million short position, covering multiple mainstream coins. Another veteran main force, Spoofy, is more direct, clearing over $3 billion in Bitcoin at the high point, without replenishing positions, only making small purchases when BTC briefly dropped to 90,000, and not touching anything above 100,000. Overall, the main forces are withdrawing, on-chain is shorting, and technical indicators do not support a strong breakthrough. The bull market expectation still exists, but now is not the time for blind impulse. During market oscillation, the most important thing is to layout in advance with a clear plan. Pepe and SOL have been continuously declining, still within a downward channel, both halved from our May top positions. If you're on the right side, wait for them to break through the trend line; if on the left side, you can start layout near the key support levels. I'm focusing on #Pepe because Ethereum staking ETF is likely to be approved in October, and ETH ecosystem coins will definitely take off. Solana and XRP spot ETFs also have a high probability of passing in mid-October, and these coins are expected to surge then. I personally will wait for an even lower point, planning to complete this by the end of August at the latest.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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