Yesterday's BTC came with another "sneaky" move. Breaking through 115,000, $400 million in long positions were directly liquidated, causing market sentiment to collapse momentarily. However, today's rebound looks quite strong.
#BTC this wave directly touched the CME gap edge, breaking through support and clearing before quickly rising to 117,800, likely following the AMD model we previously discussed. If this structure continues to advance, the target will point to the 120,000 range. Currently, the first stage has been achieved, and those re-entering can wait for a pullback, with around 116,600 being a good observation point.
However, a reminder: The CME gap is still not completely filled, which poses some potential risks, so caution is advised.
#ETH hasn't been performing exceptionally these days, but I personally remain optimistic about the support around 3,480. Currently, it's most likely in the final stage of a large structural consolidation. As long as BTC doesn't continue to drop, ETH's catch-up rally can start at any time, especially when market funds begin to rotate through mainstream coins.
SOL, XRP: Clear rhythm, don't hesitate to take the meat
#Sol we added another wave at 178, today breaking 186, very satisfactory!
Looking at #XRP, a second bullish crossover has appeared - the last one in November 2024 brought a 580% surge. After this crossover, we've likely entered XRP's second upward cycle. Historically, XRP takes an average of 73 days to peak after forming a crossover, which calculates to early September, so the time window is quite clear.
In terms of targets, if replicating the previous trend, the top could be above $15, and optimistically, even challenging $37 is not impossible.
BONK: Biggest winner in the meme wave, next focus on new narrative
$BONK has been truly strong, with the project team constantly buying back and burning, and bringing a "serious player" quality to meme coins. Unlike PUMP's pump-and-dump model, BONK has developed its own strategy. Many funds are moving from boring memes to projects that can "tell a story".
Next to watch is the Solana ecosystem's alpha coin $PHY.
This coin represents a triple narrative of AI+DePIN+DeFi, with Sol's official support, and Delphi clearly optimistic about the DePIN track in its 2025 report. PHY's current FDV is only tens of millions, with Korean backing, clearly set for a rally. Can be bought at the bottom, with follow-up additions recommended.
Hot individual coins: Who has potential for the next surge?
#DOGE: Recent double bottom formation is evident, if 0.25 support holds, targeting 0.36 or even 0.46 is reasonable.
#UNI: Continuously holding 9.72 support, previous longs still holding, I personally added some.
#ENS: Challenging a key historical resistance zone. If daily candle can stabilize above and accompanied by volume, it may attract strong positions. Wait for a pullback opportunity.
#LINK: After V-shaped rebound, testing breakthrough, combined with daily 9-day moving average convergence area. As long as it holds, it's a good point.
These are not random bets, but have clear judgments.
Next focus? RWA sector's ONDO
After market stabilization, funds will likely rotate into RWA. With many projects in this sector, instead of researching each, directly choose the leader - #ONDO. Backed by BlackRock, a compliant narrative seed player, suitable for conservative and stable allocation strategies.
Summary: This BTC false breakdown is a deep cleansing for bulls, but also signals a new round of rotation. Mainstream coins, meme, RWA, DePIN narratives are gradually moving, and the market has entered a "carefully selected" stage.
The key to the next meat-eating wave is still in rhythm judgment and hot spot foresight. Mutual encouragement.
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