【Analysis of the Big Trend】

The day before yesterday, the SEC sued CZ, and yesterday it sued Coinbase, which is an increase in the pressure on cryptocurrency regulation! This kind of thing happens once or twice a year, and everyone gets used to it, but the victims of this kind of fight between gods are often short-term players. Short-term players are easily affected by news, so just pay proper attention. This kind of news will increase short-term volatility. If there are more short-term players, it is easy to have a short-term squeeze and explode market like the day before yesterday. After the K-line is completed, it has been repairing in the past two days.

Currently, the price is trading sideways at around 26,400, and the short-term rebound is relatively weak. At this stage, there is really no room for operation during the day and the fluctuations are small. Finally, I will give you investment advice.

The short-term price has tested the bull market meridian 25300 line. The specific form of the large cycle has not undergone structural changes. It continues to revolve around the counter-pressure resistance level (28900). In the second week of June, let's take a look at the long-term structure:

The market has been going on for nearly half a year since 2023. From a long-term perspective, the price has formed the bottom of the medium-term trend and has broken through the bull market meridian. After the negative news the day before yesterday stimulated the market, it once again stepped back on the bull meridian (25300) and quickly rose to the 27400 line. The main trend has broken through; the bottom structure has completed the meridian retracement after 80 days of consolidation, and the later market will be healthier. These are all the basis for the positive development of the market trend.

【Daytime analysis part】

At the same time, the market has been running at a high level for nearly 80 days. The current market has completed the longitude retracement and is currently running at 26400. The current market should be arranged around the 25300-28900 range. This decline has brought good opportunities for recent operations. The subsequent strategy is mainly based on high-level accumulation and anti-resistance level expectations. See the figure below:

25300 is the bullish meridian, which has been verified during the day. It is currently possible to participate in the operation. It is more appropriate to directly participate in the relative profit and loss of spot.

Is LTC halving still optimistic in the short term?

With the upcoming halving event and LTC20 assets recovering, the nearly 12-year-old blockchain shows clear growth potential in a challenging market. However, recent profit-taking by miners and its impact on token prices highlight the complexity and sometimes unpredictability of the cryptocurrency market.

In the short term, Litecoin is relatively strong. If you are confused about the operation, give priority to LTC as a base position, and use an offensive strategy to break through 95 (daily level) to increase your position. The halving in mid-August is a direct positive, and the upward space is expected to be in the range of 120-142. It will be difficult to estimate it too high. After all, the market speculation has started at the end of last year, and the heat will dissipate. In addition, the closer the currency circle is to good news, the greater the risk will be!

【Operation suggestions】

Spot Trading:

ETH: Current price is 1840. Players who mainly operate Ethereum must lay out at least 40% of their positions.

Ethereum’s Cancun upgrade has been confirmed to be completed in October. This will be another upgrade after Ethereum’s Shanghai upgrade. This will be the focus of the second half of the year. If you understand the underlying logic, the market will definitely not miss this hype hotspot. It will also form a new sector later. Similar to the Shanghai upgrade, Ethereum’s new narrative, L2 will restart and you need to pay attention to the relevant protocol currencies.

STX: Enter the market near 0.62. The market breaks through the daily trend line, and the pullback is an entry opportunity.

STX has actually been working silently on building the Bitcoin second-layer network for nearly 10 years. At the same time, its current market price belongs to the ranks of strong coins and deserves special attention.

Contract trading:

Long direction (trend order): The support level of 26353 can be used as a long position to enter the market with a light position, and the 27500 level can be used as a position to increase positions, with a stop loss at 25780 (four-hour). A breakthrough indicates that the market will continue to move towards the counter-pressure resistance level.