Bitcoin's recent trend has attracted widespread attention, especially after the emergence of a "golden cross" pattern. The so-called "golden cross" typically occurs when the short-term moving average crosses above the long-term moving average, usually considered a bullish signal. However, based on historical experience, prices often dip first after a golden cross before rising, such as dropping about 10% in the short term in 2021 and 2024, followed by a strong rebound and new highs.
This week, #Bitcoin dropped about 8% and has started to rebound, showing strong support in the 104,000-105,000 range. However, momentum is insufficient above $110,000, and the key to future trends lies in whether it can maintain the 105,000 level. If maintained, it may challenge $150,000; if it breaks below $100,000, it could potentially retrace to 90,000-95,000 before stabilizing. The golden cross may still be a consolidation phase after a shakeout by major players.
After CZ jokingly called himself the "big brother" yesterday, $BC emerged, making a move when its market cap was only 20,000, subsequently rising up to 50 times, undoubtedly becoming the leading coin in the current BSC meme trend.
So #BC can break through 20 million?
If it can, it suggests this BSC meme trend hasn't ended and might even start a new high-market-cap narrative; if not, it's the same old routine - quick in and out, shoot once and change location.
I tend to be optimistic for three reasons:
- The "big brother culture" is down-to-earth, easily resonates, and fits the BSC's grassroots style;
- $BC has the "big brother" cultural label, and market consensus is far stronger even without official endorsement;
- On-chain attention hasn't receded, and as long as there's relay, this wave may not be over.
Of course, the most crucial thing is to control the rhythm. Don't chase after the leader has flown, and don't go all in. Staying alive is the key to getting on board.
If $BC successfully breaks through, it might be the start of a new BSC cycle. Looking at X today, finding the real and fake big brothers, who would you choose?
Another flash crash coin in the evening market: MASK
In just a few hours, MASK plummeted from nearly 4 to 1.7, with its market value instantly evaporating by more than a third, like a roller coaster. Previously, the project founder's wallet was attacked, losing over $4 million in tokens, and the next day, a large holder sold 750,000 MASK, cashing out over $2.1 million.
Subsequently, acquisition news and BN's improved relationship with SEC temporarily pushed MASK to 3.7, but it suddenly crashed on June 6th. The technical side had already shown overbought signs, and combined with the trust crisis from the earlier wallet theft, panic emotions spread instantly, triggering a stampede-like sell-off. Currently, in the short term, MASK may oscillate and consolidate in the 1.7-2.1 range, with a chance to return above 2.5 if market sentiment calms. However, if confidence continues to lack, dropping to 1.6 is not ruled out. Overall, this is a typical scenario of emotional trampling mixed with capital flight, and short-term buying the dips requires extra caution.
Okay, let's continue looking at the Altcoin situation:
OP
#OP As the leading token of Ethereum Layer 2, it was favored by many institutions and investors early on, leading to heavy chip distribution and price volatility. The recent pullback has basically ended, with piercing and morning star patterns appearing on the plate, indicating weakening bearish momentum and bullish dominance.
Although the green candle after the morning star broke through the oscillation range, volume hasn't expanded, and there are still previous resistance levels above, so it may oscillate and consolidate in this area in the short term. However, the overall trend has shifted from decline to rise, and a reversal signal on a pullback to support levels would be a short-term buying opportunity. If you can't monitor in real-time or are unfamiliar with pattern recognition, it's not recommended to easily participate in short-term trading.
DOGE
Dogecoin has pulled back about 35% from its early May high, currently bottoming in the 0.1670–0.1700 range, but rebound is blocked at the 0.1797–0.1850 strong resistance zone. If it can't break above the 20-day moving average (0.2016 USD), it may still be a "Dead Cat Bounce". If it breaks below 0.1670, it might test 0.1576, or even fall back to the April low of 0.13, potentially dropping another 30%. The current fundamentals are bearish, but short-term indicators still show rebound potential.
If Musk supports #DOGE after reconciliation, it may push prices higher; conversely, if regulation becomes stricter or sentiment deteriorates, it may trigger further selling. Among the many oscillating Altcoins, SUI #SUI stands out - surging nearly 9% in a single day, strongly breaking through the $3.25 resistance level, with synchronized volume expansion and continuous capital inflow. After deeply retracing to $2.87, clear buying support appeared, and volume confirmed the bottom stage, with wash-out basically complete. Overall, no large bearish candles appeared, suggesting the decline was "false," with major players still in control, and future trends look promising.
Summary: Here are five things worth paying attention to recently that you might miss:
- Sahara AI Public Offering: KYC opens tomorrow, with three days available, restrictions relaxed, and most regions can participate. Payment is on the 14th, with one more step to complete, so don't delay.
- BN Alpha Task: Those still farming, don't stop. Those who've dropped must catch up double-time. Today's $AB requires 225 points, airdrop value around 80U, don't miss out.
- Reexamine SUI: Meme projects on SUI are becoming active recently, with almost no scam projects, representing a relatively clean new opportunity.
- Base chain may seem quiet, but it's worth more attention: Market quiet periods are often positioning periods; entering when it's already hot is too late.
- BSC atmosphere warming, CZ seemingly setting the rhythm: Frequent avatar and speech changes, meme activity increasing. Suitable for PvP players, follow trading competitions like WFLI, see who's the true strong player, and pullbacks are entry points.
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