🗣All targets!

The trade is completely closed!

Let's continue trading, put your reaction here🐋

🗣All targets!

The trade is completely closed!

Original content on this channel😀😀😀

A lot of scammers use the design of my channel, be careful.

😀TraderAdrians😀😀 click and search. 4700~ subscribers.

Use the information from the screenshot or a telegram search😀

Okay, let's start working. Once again, I am opening this position in long🐋

🪙Crypto Market Overview

😀BTC and ETH continued their weekend trend, unlike altcoins.
BTC closed the gap that appeared on the CME from Friday, June 21, to June 24. However, there is now a more significant gap on the CME caused by the rise from June 28 to July 1. I expect this gap to be closed during July.

The difference between Binance and Coinbase has slightly decreased, which is a positive signal. Typically, after this, we see a strong inflow into BTC ETFs. The medium-term outlook is excellent for growth, and many are predicting a new all-time high for BTC.

😀Pattern: Historically, in all 5 instances when June was red for BTC, July saw growth of at least 9%, often reaching double digits.

😀TradFi
This week is packed with significant economic reports, so the crypto market will need to keep an eye on updates from the US.

The most important is the Nonfarm Payroll report on Friday. Thursday is the only day without major reports.


😀News
The US government transferred 3,375 ETH worth approximately $11.75M to a new address - these funds belong to convicted Estonian crypto entrepreneurs Potapenko and Turõgin.
The German government sold another 400 BTC today. The market seems to have adapted to this, credit to the Germans for their careful sales.
The Artificial Superintelligence Alliance (ASI) announced the start of the first phase of token merging involving (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). Meanwhile, the prices of these tokens are declining rapidly.

😀Base Scenario
Do not play against the local upward trend for now. However, I believe we will see a pullback later this week. For now, hold ETH and cautiously pick up altcoins.

😀Today’s Longs
PENDLE and JUP show strong dynamics and I continue to hold them. I hold a symbolic long on MANTA, which has been disappointing so far.

😀The long position in ETH is profitable (one of our trades in the private channel).

😀Idea for Today: Long KLAY

😀Move to break-even at $0.1678
😀Stop: $0.1487
😀Take profit: $0.1798

🪙Cryptocurrency Market Overview

😀Today we are witnessing a correction. Significant liquidity pockets are situated at $72,000 for BTC, with new orders constantly filling this zone over the past 24 hours. While I'm skeptical that the market will drive prices this high soon, this level of liquidity hasn’t been seen for the past two weeks.

Recently, I analyzed the accumulation and distribution zones using DOT as an example. In examining where the inflation from DOT is going, it was found that the project’s treasury holds about $300 million and also earns from staking. Interestingly, half of the spending is on PR (advertising, influencers, conferences, and events) — $36.7 million for the first half of 2024. There is substantial evidence that a large portion of these marketing expenses goes towards luxury hotels, business-class flights, etc., for the project’s founders.

There is a continuous inflow into BTC ETFs, with yesterday seeing a +$129.5 million increase. I don’t expect a similar figure today.

Investors seem genuinely optimistic about the SOL ETF, as Solana and its ecosystem have started to outperform the rest of the market.

Massive outflows from PENDLE have been observed, totaling $3 billion over the past week. Reasons include:

Decreased trust in drops from ETH restaking.
Many projects' grants are running out.
It’s time to be cautious with the PENDLE token as it’s plummeting.
😀TradFi

Today, Fed Chair Powell delivered a relatively positive speech, which boosted the stock market. Later, the JOLTs job market report exceeded all forecasts. This created a peculiar situation: Powell's optimistic remarks about overcoming inflation within a year contrasted with the JOLTs report, which suggests that with such a labor market, rates won’t decrease. As a result, the market was bought up. Today was a case where two opposing fundamental signals were present, and the market shifted its focus to expectations for tomorrow’s ISM report.

😀News

A scandal is brewing. A co-founder of Manta stated: “As the founder of the previous largest TVL in Polkadot, we do not want to engage with the Polkadot ecosystem and team. It is a very toxic environment, and there are numerous instances of discrimination faced by us as Asian founders. Polkadot developers should join Solana, Ethereum, and Bitcoin.”

😀Base Scenario

It appears the market is heading to close the gap from Friday on CME for Bitcoin, and even the positive sentiment from the US stock market couldn’t change the situation. The technical analysis paints a bleak picture.

😀Long Positions for Today

JUP continues to show strong dynamics and I continue to hold. Tokens from the SOL ecosystem are currently a good buy.

😀ETH Long Position is giving a modest profit. KLAY Long Position is currently at a loss.

😀Today's Idea: Will be later

🗣All targets!

The trade is completely closed!