This new section features real investment experiences shared by members of the Odaily editorial team. It does not accept any commercial advertisements and does not constitute investment advice (because our colleagues are good at losing money). Its purpose is to expand readers’ perspectives and enrich their sources of information. Welcome to join the Odaily community (WeChat: Odaily 2018, Telegram discussion group, X official account) for communication and venting.
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Contributor: Nan Zhi (X: @Assassin_Malvo)
Introduction: Blockchain player, data analyst, plays everything except NFTs
Sharing: The primary market is recovering, with a new meme token worth millions of dollars in market value being born every day. Two key features are worth noting: the revival of cat and dog markets on Solana, with animals being the main focus; and the simultaneous emergence of multiple networks in the same hot spot, but only one of Ethereum and Solana will survive, with Solana animals having the upper hand and other Ethereum concepts having a high chance of winning. It is recommended to focus on the hot spots that appear at the same time.
Contributor: Wenser (X: @wenser 2010)
Introduction: Level 10 U warrior, player uninstalled by the exchange
Sharing: The market is exploring the bottom amidst fluctuations, with the key nodes being the options expiration date on the 28th of the month and the Ethereum ETF approval in early July. I recently came across a post about arbitrage opportunities in the future popular meme coins, just like the LP for the DJT concept coin after it appeared. Post link: https://x.com/xxq_jup/status/1803397421961199866?s=46 As for other coins, the more you try to catch the bottom, the less you know where it is. Let’s buy a little to give the market some reaction, otherwise there will be even fewer people entering the circle. Remember: what you are buying is not the bottom, but the hope for the cryptocurrency industry.
Contributor: Qin Xiaofeng (X: @QinXiaofeng 888)
Introduction: Options maniac, Meme token enthusiast
Sharing: BTC’s low point keeps moving lower and may test the key $60,000 level. However, as long as it doesn’t break $64,000, it still looks bullish. After all, the average cost of institutional spot ETF holdings is around $60,000, and MicroStrategy’s average purchase price over the past month is $65,000. In the current market, as long as there is a large bullish candle, the downtrend can be reversed. It is recommended to buy the call options for the upcoming weekly expiration date to hedge against unexpected events.
As for spot trading, I sold ZRO as soon as I received it last night. I feel that there won’t be any significant movements in altcoins for a while, and they may even continue to decline by more than 20%. After all, when institutions are uncertain about the future market, they usually sell altcoins after the lock-up period and buy Bitcoin.
Contributor: Star Security (Twitter: @BTC2024ATH)
Introduction: Mindless gambler, only goes long, crushes the bear army
Sharing: The current dip in the market for Bitcoin is too small, so we need more consolidation. There are two ranges to consider: 63,500-71,500 or a wider range of 60,000-72,000. The difference between the two ranges is that the larger range implies a relatively solid bottom structure, while the smaller range requires more testing and trading volume. In the smaller range, there should be upward movements around 65,500 and 67,100. However, once the confirmation at around 60,000 is made, only 71,500 needs to be observed. The middle can be ignored.
There is also a useful perspective for analyzing the market, especially for the larger range:
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However, the current sideways structure is not showing a new high in the second segment, so it looks relatively complicated without clear signals. Fortunately, the overall outflow is being steadily absorbed, and there are clear signs of intervention by the main force in some positions within the range of large fluctuations. The bearish force is not as strong as expected, so my feeling is that around 60,000 should be a bottom area after testing.
Contributor: Asher (X: @Asher_ 0210)
Introduction: Long-term ambush in low-cap altcoins, blockchain game gold farming, rug puller
Sharing: Rug pull: After the announcement of ZKsync and LayerZero airdrops, funds from various Layer 2 networks have been collected on exchanges. In the future, I plan to pay attention to rug pull opportunities in the BTC ecosystem.
Blockchain games: The update of Chapter 2 of Pixels is disappointing, with significant changes in materials, resources, and a decrease in token rewards. Even though there have been improvements after today’s update, the current rewards are not attractive enough to attract new players. As for Mavia, although they have introduced a mechanism for exchanging rubies for tokens, the rewards are still poor, so I have abandoned it.
Low-cap altcoins: BWB has finally seen a price increase, so I will continue to hold it with a target of 1u.
Previous records:
June 12th
June 14th
June 17th
Recommended reading:
Can altcoins be saved during the “618” promotion in the crypto market?
Tracking smart money on the blockchain: Top 10 value coin accumulation addresses
When the market is sluggish, accept this stablecoin appreciation strategy.