Today's market analysis:

BTC: It fell sharply yesterday and closed with a real big negative line, breaking today's bottom of 66500. The short-term bear market has started, and the first target of the decline is 64000. The four-hour line can be used as a reference for intraday operations, with high altitude as the main focus. The upper pressure is in the range of 65900-66400, and the lower support is in the range of 64500-64000.

ETH: Affected by the listing of spot ETFs yesterday, ETH rose strongly to around 3530 yesterday and then fell back. It experienced a long-short tug-of-war, with multiple ups and downs, and closed with a negative candlestick. From the daily level, ETH is currently in the Fibonacci 50%-61.8% retracement line range, corresponding to the 3390-3530 range. The overall trend is mainly bearish. If it falls below 3380, the short-term target is 3250.

In terms of altcoins: The performance of altcoins has been relatively weak in the past two days. The altcoins that rose too much in the past few days have had a large correction. It is recommended to do a good job of risk control in short-term holdings!

NEAR: It rose several times above 6 and then fell back to close with a negative line. The overall trend turned downward. You can focus on short-selling opportunities.

The above personal opinions are timely.

Bitcoin Conference is about to begin#比特币大会

Bitcoin enthusiasts, mark the date! Taking place in Nashville from July 25-27, 2024, the Bitcoin 2024 conference promises to be a landmark event for the cryptocurrency world. Since its inception, this annual gathering has grown exponentially in size, attracting the brightest minds in the industry.

The Bitcoin Nashville conference has a long history of hosting influential speakers such as Jack Dorsey, Michael Saylor, and Cathie Wood. The event is known for its rich programming, including insightful keynotes, interactive workshops, and a spacious exhibit hall. The 2024 conference aims to surpass all previous conferences with enhanced networking opportunities, a dedicated mining village, and a vibrant Bitcoin art gallery. Attendees can expect an immersive experience that dives deep into finance, technology, and culture, reflecting the multifaceted impact Bitcoin has had on the world.

The 2024 conference will focus on the impact of regulation on Bitcoin and cryptocurrencies in the U.S. With more than 20,000 attendees and 400 sponsors expected, the event is expected to shape the future of Bitcoin discussion and development.

ETH transaction fee rate drops, bull market is expected, potential altcoins are worth paying attention to #美国以太坊现货ETF开始交易

Recently, as the ETH transaction fee problem has gradually improved, market sentiment has rebounded significantly. If there is no institutional dumping, the long-awaited bull market and ten-fold or hundred-fold coins may be just around the corner. For retail investors with small funds, spot investment in potential altcoins will be a good choice. The following potential stocks are worth paying attention to!

First, call back the required MEME coin:

BONK

BONK is performing like crazy! It has gained 50% in just two weeks, breaking through its 50-day moving average and is now targeting the Fibonacci level of $0.00003217. With increasing volume, the $0.000055 barrier looks like an easy target, and it may even set a new high of $0.00008321!

BABY

#pepe神币 Full fire! Just rebounded from the pullback, broke through the 200-day line and quickly rose to the 50-day line. The increase in the past two days is close to 10%, showing a strong morning star pattern. The current price is $0.0000122, and the target is the half Fibonacci level of $0.00001429. There is also an inverse head and shoulders pattern, with the neckline at $0.00001286, and the possibility of hitting $0.000020 is very high!

FLOKI

FLOKI remains popular! As soon as the double bottom pattern reversed, it broke through the neckline of $0.00032, and the 50-day line and 38.2% Fibonacci level were broken. The upward MACD showed strong momentum, and $0.00032 was easily taken. If the bull market continues, $0.00041 or even $0.00050 is in sight!

WIF

The price of WIF coin is expected to break through the $3 mark and reach a peak of $4.50 in July. If the Dogwifhat (WIF) project releases a blockbuster update and announces a major collaboration, the price of WIF token may surge to $10.





Solana ecosystem is about to usher in a highlight moment

After the Ethereum ETF is launched, the next hype object: SOL

Currently, Solana’s market cap is only 20% of Ethereum’s, and there is still a lot of room for growth. Although it is too early to surpass Ethereum, it is very likely that its market cap will reach 30-40% of Ethereum’s. Therefore, Solana’s price increase is not a false alarm, but is due to an increase in actual usage.

In the long run, Solana is still in a value trough. In the short term, due to the recent large increase, it is recommended to wait for a pullback before adding positions. Solana has broken through the ascending triangle and is currently at 174. It is normal to pull back to the 160 and 170 US dollar range. You can place orders to buy in batches at these positions.

The SOL ecosystem can pay attention to the standard: WIF Xiao Miao will not repeat it, as it has been mentioned above.

BOOK OF MEME (BOME)

When talking about Frogcoin, we have to mention its leading position in the SOL ecosystem. With the strong rise of SOL, many projects in the ecosystem have also ushered in spring. And BOME is the best among them.

It is expected to become the next Ordi and lead the market to new heights. What is even more exciting is that the recent market manipulation of BOME seems to be coming to an end, which means that it is about to usher in a period of explosive growth.

In the upcoming bull market, BOME is expected to achieve an amazing increase of 10 times or even 100 times! In addition, in the future, artist auctions will use BOME as a means of payment and destroy it. This innovative application undoubtedly adds more imagination to it.

Catwifhat（$CWIF)

Market value: $37,532,300#CWIF

Cat-themed meme coin Catwifhat ($CWIF) has recently gained popularity on Solana (SOL). As one of the popular meme coins based on the Solana blockchain, Catwifhat has unique deflationary properties, burning 4% of the tokens with every transaction, significantly reducing its overall supply, making it the most aggressive in the industry One of the characteristics of deflation.

Catwifhat prices have soared by 48.9% in the past month and by 21,527% since launch in February 2024. Although CWIF is still a relatively new project, its burning mechanism significantly reduces the total token supply, which may further increase the value of the remaining tokens, with huge potential for future growth.

SLERF

Market value: $141 million#slerf

Now, let's talk about the high-profile project Slerfsol (SLERF). Despite some setbacks in its early stages, where the developers unfortunately lost $10 million, strong community support has brought it back to life. In the Memecoin space, community power is crucial, and SLERF happens to have a vibrant community. Recently, the project team has also launched a dazzling series of NFTs, further enriching the project's ecology and paving the way for SLERF's future development!

Pyth Network ($PYTH)

Market value: $1.219 billion

Pyth Network ($PYTH) is a high-profile project known for its amazingly high-speed data update capabilities. Originally designed for the Solana blockchain, it has now migrated to its own Pythnet blockchain. Its data refresh speed is breathtaking, in stark contrast to the data refresh speed of traditional financial institutions and crypto-centric institutions. Pyth Network's sub-second data update model makes it more adaptable to the immediacy needs of the modern financial field. With the launch of the SOL ETF, Pyth Network is expected to become a new favorite in the market and bring rich returns to investors!

Market value: $8.402 billion

The booming development of the Chainlink network has brought strong momentum to the LINK token. Recently, Chainlink's whale investors have frequently made large transactions, which not only shows the market's recognition of the value of LINK, but also suggests that the price may have greater room for growth in the future. As the native token of the Chainlink network, the value of LINK is closely related to the prosperity of the network. With the widespread application and expanding influence of Chainlink in the field of smart contracts, the potential value of the LINK token is expected to be further released.

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