Last night to now, #Bitcoin strongly rebounded, once breaking through 109,000, approaching 110,000 mark, creating a new high since mid-June, successfully breaking out of the recent oscillation zone.
Looking at the 4-hour chart, the previous large bearish candle indicates significant overhead pressure, with the key being whether it can break through and stabilize at 109,000. If it breaks through, the target is 110,600, and it might even create a new high; but if 109K holds, attention should be on the following support levels: 107,500, 106,500, and 105,000.
This sudden rally has several catalysts:
🧾 Trump announced a trade agreement with Vietnam, boosting risk assets, with Nasdaq rising 0.8%. 📈 SOL staking ETF (SSK) performed brilliantly on its first day, far exceeding the futures version in March, igniting crypto market sentiment. 💵 Additionally, global M2 money supply surged to a new high of $55.48 trillion, with historical trends showing Bitcoin has a lagged rising effect on M2 expansion, sometimes taking only 1-2 weeks.
Analysts are also bullish: Crypto Auris directly states that Bitcoin's next target is 170,000. Many institutions predict it could reach 150,000 to 200,000 by the end of 2025. Meanwhile, the US Dollar Index (DXY) plummeted 10.8% in the first half of the year, the worst performance since 1973, while BTC rose over 13%. As the dollar falls, BTC rises, and the negative correlation is back.
Summary: With key price levels approaching, macro + sentiment + capital flow converging, Bitcoin's strength is no coincidence. The drumbeat of the bull market may be sounding again.
Yesterday I said $ETH would be cut if it drops further, and then it immediately rallied, as if it doesn't want to hear my complaints.
Overall, Ethereum is still in a cooling period. Whales are quietly accumulating, while retail investors are gradually taking profits, creating a clear contrast. This tug-of-war has left the market in a stalemate, with RSI currently around 48.6 and momentum neutral, waiting for the next catalyst.
Now it depends on who will break the balance first—
🟢 If buying pressure continues and sellers run out of ammunition, $ETH could reclaim $2,548 and challenge $2,700. 🔴 But if bears dominate, it might break below the consolidation lower bound to around $2,372.
The key lies in the defense battle in the next few days, wait and see. The rate cut bull market speculation I mentioned last night has arrived!
Today's gainers list is basically dominated by meme coins: $NEIRO, $PNUT, $BOME... Other coins are up over 10%, but market sentiment remains cold, as the rebound is still too gentle compared to previous drops. Bloomberg also pointed out last night: The Trump family has been cashing in on power, and combined with the current stablecoin trend, $USD1 ecosystem is definitely worth paying attention to. The number of holders and issuance are both increasing, stablecoins are the next big cake.
Tomorrow 7.4 is a key point, $WLFI related coins might fly again, with capital effect and heat rising immediately. Bitcoin has reached 108K as expected, altcoins are expected to follow, pay attention to these:
- #PEPE: Still at 0.096, target at 0.103 and 0.1155
- #SUI: Already building a bottom position, target 2.9 and 3.05, buy on dips
- #SOL: Bought at 147 yesterday, currently at 152, continue holding, looking at 159
Don't miss the rhythm ahead, the big show might have just begun. To end, here are my recent on-chain focuses: In recent rounds, whenever the market moves, several altcoins follow more aggressively than $BTC. Of course, ignore if not interested, but keep an eye if you are, and check during the next big drop.
Whether to make a short-term play. Always following aggressively: $neiro, $moodeng; this round's early movers: $swarms; yesterday still complaining about being trapped, but then rallying: $plume
Recently playing more on BSC, new wallet performing well, except for being trapped by "insider information" once, everything else is rhythm I discovered myself.
Here are a few small-cap potential coins I'm watching, for those interested:
That's it for the article! If you're lost in the crypto world, consider joining me in layout and harvesting from market makers! Can join community WX+QQ group V: c13298103401 or Q: 3806326575
