$ETH $BTC The World Cup officially kicks off today, and funds are getting double drained. ETH around 1634 is just a weak rebound after a heavy drop with no volume. 1668 is the intraday resistance.
The support at 1600 is already on shaky ground; if it breaks, we could see a quick dive to the strong support zone at 1540-1505 with no buffer.
The overall trend is clearly bearish, so don't hold onto false hopes; all rebounds are just opportunities to escape. Keep your position light, trade in and out quickly, and spend more time watching the game rather than trading.
SpaceX is going public on Nasdaq tomorrow (June 12) under the ticker SPCX, with an IPO price of $135, valuing the company at $1.77 trillion! Key point: only 4.2% of the circulation is available, making the supply extremely scarce. Expect a strong opening day rally, potentially hitting $150-180, and FOMO could push it to $200, but don’t chase the highs! Once the lock-up period ends in August, a major sell-off is likely, with a short-term pullback to a range of $120-160.
Core narrative: Starship + Starlink + AI - all three buffs are stacked! The end of June is critical for Starship's orbital test; success means liftoff, failure could lead to a crash. Currently, they are still deep in the red, with a 95x sales ratio purely speculative, and Elon Musk is definitely holding the reins, so risks are sky-high.
For short-term trades, keep a light position with stop-losses, and for long-term, wait for Starship's landing and a dip below $120 to get back in! #SpaceX #IPO #US CPI rises to 4.2%, hitting a three-year high
Looking at the daily chart for #eth , it went up yesterday without grabbing liquidity, and today's trend is likely to head down. After securing liquidity around 2218, let's keep an eye on it; if it gains momentum, we can go long. It's important to note that the weekly chart is still in a downtrend, and the siphon effect is quite evident. If you're going long, the daily FVG above can be a good take-profit point.
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Making money in the crypto world is too difficult, it's frustrating. I haven't lost anything in silver so far, easily making a profit of 7.5 million u.
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