Last night's non-farm data was surprisingly strong, and Bitcoin did not disappoint, once rushing to the $110,000 mark. Unfortunately, upon waking up, BTC became a bit "weak-kneed" and slid down, touching a low of around $109,000, currently oscillating between $108,500 and $110,500. The key now is: do not break $108,000, as long as it holds, the bulls still have a chance.
If it breaks through, be careful that the rebound might end. For short-term trading, low-level gambling can be considered entering between $108,500-$108,000, with a target of $109,500-$110,000, set a stop loss, and decisively withdraw if it breaks down.
Friday meets with US stock market Independence Day holiday, liquidity is interrupted, and it's difficult to have a major market movement. This stage is a typical high-selling and low-buying rolling operation interval, don't be too ambitious, securing profits is the hard truth.
Continuous warm news, market enters the eve of gaming
Although the overall market is not as hot as last year, there are still many opportunities in the second half, key is who can grasp the rhythm of these two months. The "Beautiful Big Act" and tax reduction bill are in full swing, BTC and ETH led the charge, and many Altcoins took the opportunity to pull up. Now BTC and Ethereum are consolidating at high levels, with a healthy structure and no significant breakdown risk in the short term.
With US stocks on holiday, the stage is left for the crypto market to perform. Looking at today's gainers, GameFi sector is surging: LOKA, PORTAL, GUN are taking turns topping the list, and sentiment is slowly heating up.
Especially pay attention to the USD1 ecosystem, today is the competition deadline, and once the project is announced, it may likely ignite a short-term market movement. Market funds are visibly restless, just waiting for a spark.
Major market movement is near, who will be the final "accelerator"?
From a macro perspective, zero-tariff agreement, rate cut expectations, ETF fund entry... are all adding fuel to the market. Trump and Musk's various "performances" have further stimulated sentiment, with BTC rushing to $110,000 right after US stock market opening, showing that bulls have long been eager. Now everyone is concerned, once these policies are fully implemented, will BTC directly challenge the all-time high (ATH)?
Standard Chartered even shouted a year-end target of $200,000. Of course, not all voices are optimistic, Arthur warns that if liquidity is temporarily depleted, Bitcoin might first explore the $90,000 to $95,000 range for a wash. However, the real key point might be in August—at the Jackson Hole Annual Meeting, as long as Powell says "end of balance sheet reduction", it basically establishes the crypto market's bullish trend for the second half of the year.
This wave of Altcoins is not inactive, but "gathering strength", one must squat before flying.
Currently, volume hasn't been released, and mainstream coins haven't completely consolidated, making it difficult for Altcoins to sustain a market movement. But this is precisely the best period for chip sedimentation and ambush.
Take $DYDX for example, its trend is very clean, steadily walking in an upward channel on the 4-hour chart, currently in a healthy oscillation above the middle track. As long as it doesn't break the structure, once volume expands, it will be the next rising point.
And $SUI is even more worth paying close attention to. Now the bottom volume is obvious, with funds quietly accumulating at low levels. Technically, this decline has actually consumed most of the downward momentum, currently in the "second wave of decline" stage—after more grinding, once breaking the oscillation interval, it will enter the main rising stage, and might even create a "Double Top level" market movement.
More critically, SUI's positive news has just emerged. Yesterday's article already emphasized SUI's future potential! Market rumors suggest it has over 60% probability of passing SEC's ETF approval, once true, it means legalization combined with global capital scramble—currently, Altcoins that can rush to ETF are countable.
Don't forget, this bull market hasn't reached its climax, 2024-2025 is the early ambush period. Taking a step back, even waiting until 2028 might be the last complete big cycle. With "Special Brother" accelerating things, how much time do we have to hesitate?
Before the market rises is the moment of greatest opportunity, understanding the word "gathering strength" is the key to getting a ticket to the next main rise.
The next market wave might suddenly arrive just when you think "there's nothing to operate".
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