Today's market analysis:

BTC: Yesterday, BTC rebounded at both given support levels. However, due to the small volatility of the weekend market, short-term operability is not strong, so buying at low levels is still the main short-term strategy. From a general perspective, as long as the daily line remains above 59710, there is no systemic risk.

ETH: ETH has support near the main control line of 3358, but this support area is suppressed by the upper short-term moving average, and the rebound space is limited. Although there is room for short-term rebound, the relatively safe entry point can refer to the 3222~3133 area after the new low point, and operate at will.

Today's important information:

ETFs may start trading in early July, and the benefits of ETH are almost exhausted. Under the influence of the macro environment, the outlook is still not optimistic, and the ETH chain ecosystem has been extremely depressed recently, and the chain GAS fee has fallen to 1. The overall situation is not optimistic, and we need to be prepared for further declines. The cottage sector will follow the mainstream and pull back synchronously. Today, the SEC took action again against LDO and RPL, believing that these projects are securities, and the pledge track has therefore fallen overall. Please pay attention to the subsequent development of the fundamentals. If there are friends holding coins in this track (such as SSV, ETHFI, etc.), it is recommended to consider reducing holdings to avoid risks.

After the PCE data was released yesterday, although it was in line with expectations and showed that inflation was still high, it was lower than the previous value and hit a three-year low. In the long run, this is a hope. However, the cash ETF funds flowed out, mainly because Grayscale and Fidelity sold a lot, and the on-chain data situation was not optimistic, which continued the situation of the previous few days:

Stablecoin outflow: The number of stablecoins in the exchange has now dropped to the low point in February (the level 4 months ago). That is to say, we have played with BTC in the past 4 months, but the market funds have not increased. BTC continues to flow into exchanges, mainly to Binance.

Why is the market so weak?

The core reason is still the "Mentougou incident". As long as the Mentougou issue is not resolved, the market will not be at peace. Once the Mentougou incident is resolved, the huge uncertainty that has plagued the market for nearly 10 years will also be eliminated, and the big negatives will be exhausted. During this period, take more rest, pay more attention to the fundamentals and dynamics of value projects, keep some funds, and wait for the Mentougou incident to be resolved in July before buying the bottom. As the saying goes, "May is poor, June is desperate, and July is a turnaround."

We have now reached the final stage of the wash, so you must hold on! Giving up at this critical moment may result in all your efforts being wasted. Hold on!

NOT

NOT could see a big rise to $0.1 in July. If $NOT reaches $0.1, it could still be a good time to invest. Such a big price increase reflects strong market interest, which could be driven by new developments or enhanced Notcoin utility. The growing demand for $NOT, especially due to its increasing use in DeFi systems and games, could continue to push prices higher. Even with the price increase, Notcoin's future remains promising. A strong community and positive market sentiment could support its long-term growth.

DONE

FET is the first AI token to complete the three-wave rise in this round. At the beginning of 2023, the first wave of FET rose more than 10 times, and the second wave of rise began in October last year, with an overall increase of more than 22 times. According to the normal pattern, the next wave of increase is expected to be between 10 and 11 US dollars. Coupled with the upcoming token swap, the increase may exceed expectations. Therefore, I predict that FET will start the third wave of rise in July-August.

SUN

SOL recovered from $125 after breaking out of the ascending trendline. After retesting, the SOL price tested $150, but fell 2.87% intraday after rising 18% in 4 days. Nevertheless, the bullish crossover of MACD and signal lines, as well as the much-anticipated Bitcoin rebound, could drive the uptrend in the future. If SOL manages to break out of $150, the price is expected to reach $200.

That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.