Entering the weekend, there's a high probability of no significant market movement, likely oscillating around 101800-104300 high levels, with potential callback targets similar to the two arrows in the image, which is the upper boundary of the oscillation channel yellow line (around 102000); maintaining a long-term range oscillation without callback may provide an opportunity to capture liquidity at 105000 high on Sunday; as long as the yellow line is not broken, the trend remains strong, breaking the yellow line would re-enter an oscillating market, with callback targets potentially moving further down to the middle rail (around 97300); Besides this, the focus is on the progress of China-US negotiations during the weekend, if negotiations fail, it may drop to 97000, if successful, it will continue to oscillate upward.
Bitcoin: The final Pump has begun! This market trend, starting from Trump's compromise, no longer insisting on firing Powell, combined with the good 5.2% unemployment rate data and on-chain data situation, gives the feeling that the market might be slowly improving. The trend of the past month or so also reveals some information: even if Trump's stance fluctuates, as long as he doesn't mention tariffs or guide market expectations of recession, the market will likely continue to "rise a bit, drop a bit, rise a bit more" in an oscillating upward pattern. Put simply, even if the market weakens, $BTC's bottom will likely be maintained above 93, possibly oscillating above 97,500, unless there are continuous major negative factors that could break 93. In this context, the most market-focused point is $ETH's staking situation. Recently, there was news of BlackRock meeting with the SEC's crypto working group, which is like a signal: as soon as the market warms up, capital and institutions immediately start moving, which is a very positive sign. The expectation of ETH staking can gradually heat up, naturally driving ETH's upward momentum. This wave also provides more performance time window for Altcoins. We still need to pay attention to events that stimulate market sentiment, especially Trump.
Weekly U-turn reversal, the strongest Altcoin season is about to arrive! Trend won't reverse immediately, bullish on July rate cut macro direction and position focus BTC trend, weekly U-turn has begun, expected to rise with July rate cut speculation, Altcoin index has broken key resistance levels, previously in October 23 and November 24, followed by Altcoin surge, BTC market dominance plummeted! Bullish on this surge, relatively dropped over 90%! July rate cut benefits start FOMO, all retail investors enter the market, sentiment peaks, mainstream Altcoins break new highs, all retail investors go cross margin, retail investors immersed in harvest joy, market makers start dumping, trapping all retail investors, bull market ends! Short-term market returns to previous technical pattern, after a big green candle will adjust, won't drop immediately, will oscillate for days, BTC hasn't shown top pattern, don't short, 5.13 has CPI data, likely to callback these days, patiently wait for low long opportunities, after BTC rises, Altcoins will rise, focus on those with completed structural reversal and above daily or 4-hour moving averages, reference November trend
Strong Catch-up - BNB Ecosystem
One arrow through the clouds! BNB short-term breaks 670 USDT, 24H rise 7.41%
Regarding BNB, it's a coin to ambush during each callback, performing well when new mining arrives, hold BNB, high probability of catch-up, today is weekend, but can't stop BNB's upward climb
Trend seems to have broken through 630 key resistance, clear sky ahead, for those with heavy positions around 665 current price can reduce positions, can add positions when retracing to 630, next reduction position at 720
With BNB's rise, CAKE is not to be outdone, along with some brothers' ambushed THE and BAKE, each sector will have outstanding performers, now can count these two, find more suitable opportunities
BNB rose 8 points, MUBARAK nearly doubled, Broccoli 30 points, secondary can focus on recently listed BSC old coins, like banana s31, tut (33M), TST, see if they'll catch up
Altcoin sectors start rotating and catching up, even BNB is pulling, BSC chain and on-chain meme are soaring, Binance says bull market is coming! Pepe, SOL and Ray have been performing well, even entered top twenty list
First reaction when market improves: meme series
Suitable for big funds Ethereum leader: Pepe
SOL leader: pnut, SOL hippo most interesting, some brothers said they kept buying during winter, problem was continuous drop, mostly cut losses, but two days 4x then light vehicle.
BSC chain: mubarak heavy wash and quick pull
Mainly long at low points, especially some quality leaders, ADA, UNI, AAVE, AVAX are good choices to watch.
Finally, Old Chen wants to say:
Generally BTC leads first, then meme leads, followed by strong Altcoins rising... when secondary oscillates, primary will bring new gold
Even if there's an Altcoin season, must remind yourself, only trade strong, clear structure, moving average opening coins.
Don't waste time, energy, and bullets on half-dead garbage, don't expect them to "accumulate and burst". Coins with real funds and confidence always start first and give feedback first. This article only provides personal opinion information.
That's all for today, I'm Knife Music Brother, everyone can follow daily article updates!
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