$BTC has been hovering around 30,000 for almost a month.

It tried to rise several times but failed to last more than 3 seconds and was knocked down again, and it has not been able to break through this round of new highs.

There is an old saying that goes, "Once, twice, it gets worse, three times, it's gone."

In addition, the expectation that the Federal Reserve will continue to raise interest rates in the second half of the year has basically become a foregone conclusion, and the exchange rate of U is about to reach its historical high.

The top of this round of small market is expected to come soon. At most, there will be one more wave, and the extreme position will be between 34,000 and 35,000.

Spot traders continue to invest in their $BTC and $ETH

As for altcoins, I have only bought some L2 currencies for now, because there will be a positive news about the Cancun upgrade at the end of the year. After the positive news is out, I will consider selling them first depending on the situation.

Because the market's hot spots change quickly and new concepts emerge in an endless stream, no one can guarantee that the new trend you buy now will become an old coin that no one cares about the next day, so try not to hold it for a long time and only take advantage of the bonus period.

But if we look at the daily trend, Bitcoin is going through a slow bull market, as shown in the figure below. Does it look like the trend of the beginning of a bull market? Of course, this bull market is only for Bitcoin. As long as the daily trend is not broken, the bulls are still there. It is only for Bitcoin. Why does Brother Xiong think that it is the beginning of a bull market? It is very simple. Funds are all flowing into Bitcoin, which has a market share of 50%. Every time there is a big bull market, Bitcoin is the first to go out of the big market, giving the market signals and confidence, and the funds behind will dare to rush in.

Some of the stories I’m following recently

1.staderlabs_eth $SD will launch ETHx on the 10th. ETHx meets the staking market's demand for low thresholds and decentralization. Currently, $SD has risen and fallen. We need to pay attention to the performance of ETHx after it goes online. More adoption means more demand for $SD.

2. ShibariumNet may be announced at the Blockchain Futurist Conference in Toronto in August this year. Shib is one of the main sponsors of this conference.

3. Cancun Upgrade

The Ethereum Foundation DevOps team plans to launch Devnet#7as early as June 30 or July 3. Devnet#7is a dedicated short-term test network for EIP-4844.

However, the specific time for the Cancun upgrade has not yet been officially announced.

4. MakerDAO buyback, there will be another vote later, and the short-term hype cycle is about to end. I have no doubt that $MKR will continue to rise, but due to the extinguishing of the RWA narrative hype, it is now a bit weak.

5. yearnfi is about to launch the previously announced $yETH. The product itself has little to do with $YFI, but if $yETH is popular enough in the market, then $YFI will definitely have a chance to rise.

6. The mainnet of BuildOnBase is coming soon. First, it is a push for the landing of the OP Stack narrative. After the mainnet, part of the basic income of Base will go into the OP treasury. Second, a number of excellent protocols will emerge on BaseChain, and we can choose to invest by tracking the data.

7. Cancun is expected to launch v4 after upgrading

Currently, Uniswap accounts for 43.9% of all DeFi protocol on-chain transactions, and its transaction volume in the past 7 days is 6.7 times that of the second place. As the leader, it is natural that the v4 version that is about to be launched has attracted a lot of attention from the market.

In May 2021, Uniswap v3 was launched, introducing the concept of centralized liquidity, which means that users can choose to provide liquidity within a specific price range, which allows liquidity to be more efficiently allocated and potentially improves capital efficiency. After more than a year, Uniswap released the draft code for v4 in mid-June this year.

When will the launch be? Erin Koen, head of governance at the Uniswap Foundation, shared with foreign media THEBLOCK that this depends on when the Cancun upgrade is completed: The launch of v4 is expected to take place later this year, and this time depends on the successful implementation of Ethereum's upcoming Cancun upgrade (expected to be completed at the end of September). In addition, a comprehensive audit process needs to be completed, which may take about four months after Cancun.

Finally, I saw GambleFi mentioned by some people a few times today, and noticed that some $WINR left by CamelotDEX ido rose a little. Although it was only a few hundred U, it still increased by more than 30 U. I will continue to pay attention to it.