The rebound range of Bitcoin continues to narrow, the on-chain liquidity and trading volume continue to be sluggish, the oversold rebound of the altcoin in the past two days has gradually come to an end, and the operation is still in hell-level mode. In short, before the breakthrough point of the trend comes, this market is enough to make people shake their heads for three minutes!
The number of initial jobless claims for the week released in the evening was 233,000, lower than the previous value and expectations, bringing a short-term negative impact. The last slightly more influential data of the month is the annual rate of the core PCE price index in May tomorrow night. If it is lower than the previous value and expectations, it is a positive.
Bitcoin spot ETF finally ushered in a turning point this week, and has started to have net inflows for two consecutive trading days. Yesterday, 21.52 million US dollars flowed in. The oversold rebound in the small cycle linked to the off-market sentiment has eased. The only remaining open selling pressure in the market comes from the sale of some confiscated Bitcoin assets by the US and German governments, which is expected to be around 8,000. This part of the negative impact is also short-term.
At present, eight Ethereum spot ETF asset management companies and regulatory agencies are in the final negotiations, and only a small part of the content remains to be modified. If everything goes well, it is expected that the Ethereum spot ETF will be launched as early as July 4. Currently, the Ethereum-related series in the market are gradually strengthening. If the market can go down in the next two days, continue to buy this part at a low price, focusing on ETH, SSV, LDO and OP, etc., which are good for the landing of large-scale phased shipments before the Grayscale products are launched. Pay close attention.
Yesterday, another superstar project blast was launched, and the short-selling rules were directly searched in the circle. The current project owners really don’t take their reputation seriously anymore, and being able to make money is the real skill. Don’t participate in this series in the short and medium term, just continue to watch the market crash.
To be honest, I am still looking forward to the market falling below 60,000 points again. The Fear and Greed Index has never fallen below 60 points in previous declines, and finally caused panic in the market after it fell below 60,000 points this time. If the index turns downward again and triggers the last wave of leverage liquidation, it will be the best opportunity to get on board in the coming year.
The further the story of copycats goes, the more obvious the difference between the two levels will be. Sanshu believes that if the Fed is in the period of loosening the money supply after the interest rate cut, the copycat season will still come, but the pattern may be different from the last two bull markets. The development of the project adheres to the rules of specific application and marketization, and most of the flower racks may never have a chance to develop again. Market value is not the only criterion for measuring the quality of a project, but market recognition is.
Don’t overwhelm yourself just because you bought one or two junk coins, and don’t think that the future market is bleak just because you encounter a little market uncertainty. Flowers have their blooming period, people have their luck, and the mountains and rivers are vast. Please don’t be anxious and wait for the cycle to end within the cycle.
BTC: Bitcoin is still in an oversold rebound oscillation pattern at the hourly level. The signal of a direct reversal upward is not yet clear. From the technical analysis of the market's certainty of rising, the best situation is to continue to break the 60,000-point second bottoming market. In the long term, Bitcoin will not break the previous low, so the risk of holding coins in the cycle is temporarily lifted. In the short term, there is still a risk of another downward exploration. Bitcoin rebounded slightly in the evening. The technical bullish risk was lifted. The first high point must break through 63,500 points, and the bottom strong support point is 60,600 points.
ETH: Ethereum's trend is linked to Bitcoin, but the market sentiment is relatively high. Ethereum is one of the current top currencies with a relatively high cost-effectiveness. The market expectation for ETF listing is at least 5 billion US dollars in half a year. If the liquidity is based on this, Ethereum will conservatively increase by at least double, which will be equivalent to the high point of Bitcoin after it is approved. Continue to buy low!
SOL: Vaneck became the first institution to apply for Solana spot ETF, triggering a surge in the related ecosystem in the evening. Sanshu believes that from the current macroeconomic situation, the probability of Solana spot ETF passing in the short term is very low. The lawsuit has not been resolved, the commodity attributes are in doubt, and SBF is still in it. The threshold is too high. However, from the perspective of speculation, it is expected that more asset management institutions will try it. But in any case, Solana's ecological inclusiveness and convenient attributes are here, and the logic of being optimistic in the later period is still very strong. If you are more aggressive, you can intervene conservatively at 140 points down.
Shanzhai: The trend of Bitcoin has been linked to that of the big bitcoins, and many Shanzhai stocks have indeed stopped falling. Regarding whether to cover positions or not, I personally think that there is no room for operation except to pull up the average price and the top of some sectors.
Finally, stay away from leverage and stock up on spot goods! #VanEck提交首个SolanaETF #以太坊ETF批准预期 #Meme板块普涨 #美国PCE数据将公布 $BTC
