#DOGE A new week begins, and under the weekend's fluctuations, liquidity has indeed started to show slight changes. After the pump on Friday and closing the high short positions liquidity from earlier, there was clearly more long positions liquidity below. Following a small pullback, we entered the weekend's fluctuations. As of now, it's quite clear that the long positions liquidity below is beginning to decrease, likely due to profit-taking long positions closing, while new short positions are starting to regroup above. This aligns with the tenacious nature of the shorts. After all, at the current high levels, market sentiment according to CME's "Fed Watch": the probability of the Fed maintaining interest rates in July is 93.3%, with a 6.7% chance of a 25 basis point cut. The probability of the Fed maintaining rates in September is 59.7%, with a cumulative probability of a 25 basis point cut at 36.2%, and a cumulative 50 basis point cut probability at 4.1%.

Bitcoin exhibited a range-bound movement last night, with prices rising and briefly breaking through the 119000 mark, reaching a high of 119480! After a pullback to stabilize at 118500 in the early morning, the focus of Bitcoin has slowly shifted upward, currently oscillating in a small range. Although the 4-hour chart has continuously recorded long upper shadows, indicating a potential pullback, the overall upward shift is too evident, necessitating a cautious attitude towards the pullback space. From the current market trend, the overall situation shows a pattern of rising and then falling back, followed by another pullback to lower levels. This pullback action is crucial as it helps to determine the validity of the bottom support. In technical analysis, the pullback to lower levels serves as a correction to the previous upward trend and is also an important process for testing the strength of the bottom support. Looking ahead, we still adhere to a strategy of participating in low long positions.

Ethereum rebounded from the low point of 2901 yesterday, reaching a peak of 3019 overnight before pulling back. After a period of high-level consolidation, it has fallen back to around 2937. The bullish trend remains dominant, and in the short term, it may first test the resistance level of 3040, with the target raised to around 3150. Currently, the bullish trend is stable, and the pace remains unchanged, with a firm bullish stance in the short to medium term. Structurally, after undergoing previous cyclical adjustments, it has once again shown a strong upward trend with consecutive bullish candles. The bulls are strong, and the structural context is clear. At present, it is in a high-level consolidation and correction phase, which is essentially building momentum for a potential breakout. Technically, all pullbacks are still seen as part of the adjustment and do not change the bullish trend. The subsequent intensity and timing of the second upward push will be the focus of attention. In the short cycle, the correction steps are gradually taking shape, using this as a baseline, there is currently no top above, and the upward space remains promising.