This week, BTC fell sharply by 29800-25166, a drop of nearly 5000 points. Panic appeared in the market, and Bitcoin RSI hit the lowest point after the FTX collapse. Let us take a look at whether there have been any structural changes.

Looking back at the historical structural changes of BTC's current rapid decline, the bull market neckline (25,300) is not only an important part of the structure, but also an important reference point for our operations. After the bottoming structure broke through the bull market neckline, the first perfect retracement occurred on June 12 this year. This wave of rapid decline, at present, is the second retracement. If the support of 25,300 can be maintained, the subsequent market expectations will not be fundamentally affected.

The strong support level below is 25,300, and it is still accumulating momentum at a local high. After the rapid decline in the current market, some gaps will be formed. We are waiting for the opportunity to fill the gaps. Finally, I will give you operational suggestions.

At present, the intraday market and the direction of choice, it was mentioned earlier that the market still lacks liquidity, and it was said that opportunities will come only when the upper key pressure level of 29550 is broken and stabilized. The decline of this wave of market is beyond expectations, but the current market has opportunities again. In the short term, pay attention to the 25300 first-line support, which can be used as a layout entry position for short-term rebound market, see the figure below:

The short-term spot trading strategy is to layout in the range of 25300-28900. Currently, 25900 can be directly involved in spot operations. Those who entered the spot at 28900 in the early stage can make appropriate increases in positions, pull up the average price, and wait for the trend to come.

Counterfeit spot recommendations

DOT: Continue to hold the currency for now. This wave of market decline has not affected the structural changes of DOT. The subsequent rebound will also be relatively strong. Continue to maintain the previous operations and make appropriate increases in positions. Note: When the market falls, the rebound expectation must be reflected first in some hot small coins. Pay more attention to some small coins with abnormal movements and recover locally.

OP: 1.46

LEVER: 0.00116

ASTR: 0.06

All of the above can enter directly. If you don’t understand, you can send me a private message to ask about the specific target location.

Which hot coins are worth paying attention to recently?

ZBC Focus

Looking for an opportunity to do it, investors include Coinbase, Solona, ​​Distrubted, Circle, etc. It is a streaming payment product, the current TVL has reached 300 million US dollars, and the new chain Naut Chain has just been issued. The mainnet will be launched and staking will be enabled soon

GHST Now the market has fallen and is in the process of consolidation and repair, so there is a chance for copycats. GHST has a pin below the daily line and is at a low level, so we can ambush for a medium and long-term trend! The current price is -0.75 and we can start ambush.

BLZ’s main force started to make trouble again during the weekend.

Let me talk about BLZ's main trading methods.
The funding rate is used to absorb funds and pull up the market. The exchange users pledge tokens and then borrow most of the tokens in the market to prevent retail investors from dumping the market. The market is highly controlled and the positions in the contract pool are constantly consumed. Under the concentration factor, there is a relatively high room for pulling up the price. Then, when everyone is afraid of it, they start to ship out the goods one after another, and then absorb funds and pull up the price at the bottom, constantly torturing short-selling traders.

In fact, for this kind of trading, many people cannot hold on to both long and short positions. Moreover, if you enter the market directly or chase directly, you will eventually be stopped out or your position will be liquidated. The best way is to catch the needle at the expected point at a high position, and you will make money if you catch it and return it quickly.

Don't let your guard down for this token. Most of the trading times it chooses are in the early morning or on weekends when people are not paying attention. Be careful when trading at this time. Don't act like a money-giving boy without experience.

How to plan ahead for the 2025 bull market?

In the second half of the year, in addition to $BTC, $ETH should continue to be invested and held. Don't have faith in the altcoin sector, at least not yet, because just like I have been firmly bearish in July, I personally believe that there will be a big wash in the second half of the year.

The only relatively certain positive factor in the second half of the year is the Cancun upgrade.

You can enter the market in batches and hold some L2 coins, such as $OP $ARB, etc., and sell them when the favorable expectations of the Cancun upgrade are realized.

For all other hot spots and favorable conditions for copycats, I personally suggest that you only play short-term and don't have faith in them. Remember that this is a bear market. Even if it is a bull market, you can only hold on to it for a little longer and not for a long time.

Don’t just watch the rapid rise of a certain coin in a hot sector of the market recently and don’t just watch the market full of good news saying that this coin will increase by dozens or hundreds of times in the next bull market. Even if it can really increase by dozens or hundreds of times in the next bull market, it will definitely experience a violent market cleansing. Can you be sure that you won’t cut your losses if you see that your holdings have lost half of their value or even less due to the market cleansing?

The saying "the big pie is permanent, but the copycats are changing" is not without reason. The hot spots in the cryptocurrency circle change very quickly. You may be playing with AI today and LSD or some new hot spot tomorrow, and the old hot spots will be in chaos in an instant.

Because we are still some time away from the bull market, you cannot guarantee whether there will be any new narratives and hot spots in the market during this period, nor can you guarantee whether new narrative hot spots will replace old narrative hot spots. If you have too much faith in a certain copycat, you will definitely be trapped and doubt your life later.

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.