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Honestly, this chart really knows how to mess with people. 🔥📉
A few days ago in the afternoon, $UB was still stubbornly holding up top. Many people saw it not dropping and wanted to chase, but I was more concerned about its reaction after each upward move: it struggled to push up, came back down quickly, and volume didn't follow.
While everyone was still watching, I was eyeing UB's resistance level. I noticed there was no one buying into the moves up, the support wasn't strong enough at all👀. So around 0.11546, I went ahead with a short entry, waiting for it to show weakness on its own
UB8.24%
BTC2.96%
ETH3.07%
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Crypto Market Trends and BTC Price Action Today
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📢 Gate Square Daily | July 2
Good morning, crypto fam ☕📊
Here’s your quick but important market & industry wrap for today — where AI, macro events, and crypto momentum are all moving in sync.
1️⃣ AI Industry Update
Meta is reportedly expanding beyond social media and building a cloud computing business focused on AI services.
This move could directly position Meta as a competitor to major cloud leaders like AWS, Microsoft Azure, and Google Cloud, offering external customers access to AI computing power and advanced model infrastructure.
👉 If this develops further, it could intensify the glo
BTC2.98%
ETH3.09%
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Gate_Square
📢 Gate Square Daily | July 2
1️⃣ AI Industry: Meta is reportedly building a cloud business that will offer AI computing power and model access to external customers, competing with AWS, Microsoft, and Google Cloud.
2️⃣ Market Update: BTC trades at $60,009 (+3.2% 24h), while ETH stands at $1,609 (+3.4% 24h).
3️⃣ Macro Market: The U.S. June Non-Farm Payrolls report will be released today, while U.S. markets will be closed tomorrow for the Independence Day holiday.
4️⃣ AI Funding: Venice AI has raised $65 million in a Series A round led by Dragonfly.
5️⃣ Industry Insights: Tom Lee said the Ethereum Foundation is addressing key issues around financial infrastructure and government policy.
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A whale opened long positions worth $19 million in crude oil at $100.4 and $6.95 million in gold at $4,345, followed by significant pullbacks in both (crude oil down 27%, gold down 9%), currently with a floating loss of $5.7 million.
PAXG2.43%
XAU2.38%
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The last glance before bed was still grinding, and when I woke up I directly delivered results to the shorts! 📉😎 A few days ago before bed, $LAB was still swinging sideways at a high level. It couldn’t climb up, but it wouldn’t come down either. This kind of market action is the easiest to make people’s hands itch, but I was even more cautious then.
When I was watching LAB, what I saw was: every push up got slammed back down, volume didn’t keep up, and the follow-through/support wasn’t firm 👀. On the surface it looked strong, but in reality it looked like a bull trap. That’s why I said not
LAB-10.11%
BTC2.96%
ETH3.07%
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$BTC is liquidating high-leverage short positions.
However, risk factors clearly remain. The size of high-leverage long positions around 57.5k is growing.
BTC2.98%
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GateUser-f2d5f4c0:
Classic long-short double kill script, first kill shorts then kill longs; high leverage kills whichever side it's on.
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BTC Non-Farm Night—calm before the storm is about to be broken!
Bro Wan’s take: employment data decides the rate-cut expectations, and USD liquidity instantly transmits into the crypto market. Tonight, it’s either a shorts liquidation or a longs liquidation— the market is already in a state of high alert.
Tonight at 20:30, the market engine fires up.
Market expects 110k new jobs. Don’t guess the direction—be ready with both plans:
Data far above expectations
Rate cuts are out of the question, USD surges
BTC plunges 2%-5%, altcoins get blood-washed, and leverage instantly gets wiped out.
Da
BTC2.96%
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DUST YOUR BROKER AND EXCHANGES
LET'S TAKE SOME TRADES
$ZEC
ZEC6.06%
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This one came crashing down, and the market simply dropped the act! 📉🔥
A few days ago, before sleep, I was watching $ATOM . The price was still swaying above, seemingly about to push higher, but in reality every rally was lacking momentum and volume. Seeing this lack of support, I judged the rebound as weak and advised adopting a short-oriented approach.
Don't fear it grinding—fear you panicking first. 👀
After ATOM gave an entry near 2.219, the bearish rhythm started to flow smoothly. Checking this morning, the price had already dropped to 1.541. This wave of +2167.99% was very satisfying;
ATOM2.66%
BTC2.96%
ETH3.07%
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Such a rug pull... who would dare to hold it?
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The last look before sleep was still grinding, and waking up directly made me clear-headed! 🔥📉
A few days ago before sleep $STORJ was still consolidating horizontally above, seemingly accumulating power, but the more I looked, the more it seemed unable to hold.
At that time, I looked at STORJ, with one key point: whether there were buyers when it went up. The result was obvious: weak rebound, no volume on rallies, constant resistance. Before the market had fully started, I suggested viewing it as under pressure at highs, opening a short near 0.10424 👀📢
Now from 0.10424 to 0.07323, return
STORJ5.35%
BTC2.96%
ETH3.07%
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Top 10 Daily Crypto Gainers 📈
$M $SYN $UB $MET $DEEP $GWEI $LIT $DHN $SLX $POD $SOL $ETH $BTC $BNB $SUI $XRP $TAO
SYN5.83%
UB8.24%
MET14.09%
DEEP15.47%
GWEI19.81%
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Honestly, this chart really knows how to mess with people. 🔥 A few days ago, before bed $SHIB , it was still grinding slowly. A lot of people found it boring to watch, but today when I checked, it basically exposed the longs’ rhythm right in the open.
While it was grinding out a bottom, I saw that SHIB’s key level didn’t break. After a pullback, it could still stand back up—there was a “funds quietly entering” kind of feel 👀. Not the kind that spikes up instantly, but the kind where they grind and grind until the sell pressure gets worn down, so back then I suggested taking a long and to f
SHIB1.97%
BTC2.96%
ETH3.07%
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$DYDX Today it crashed by more than 40%; while others are fearful, I’m greedy. I decisively hopped in—maxed it out, fully loaded. 🚗🚗🚗 #预测世界杯葡萄牙VS克罗地亚
DYDX-27.74%
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This smashdown, the chart is no longer pretending! 🚨📉 A few days before bed, I saw $KAS still grinding at a high range, seemingly trying to push higher, but each time it went up, no one picked it up, volume couldn't keep up—the more I looked, the more it seemed like fake strength. Before the chart had fully kicked off, I was watching KAS's rebound momentum and found that resistance was persistent overhead—it would spike then go soft, with clear lack of support 👀 So I went ahead and opened a short around 0.03380 as planned. That's the rhythm. Now the price is at 0.03102, and this wave’s yie
KAS0.91%
BTC2.96%
ETH3.07%
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This one comes out, and the market directly stops pretending! 📉🔥
A few days ago before sleep, I saw $SKYAI still twisting back and forth at a high level. On the surface, it seemed like a hard hold, but actually each time it pushed up, there was little follow-through, volume was insufficient, and it looked more and more like loosening after a bull trap.
Before the market fully started, I was watching the rebound strength of SKYAI, and saw that the overhead resistance kept pressing down. It would surge briefly then soften, with obviously insufficient support 👀 So at that time, I suggeste
SKYAI-22.81%
BTC2.96%
ETH3.07%
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This one came out, and the shorts just stopped pretending!🚨📉 When I opened the screen this morning and saw $NEAR going down, I wasn't surprised at all. A few days ago, when it was rubbing against the top repeatedly in the early morning, I already felt this market was weak.
At that time, I wasn't looking at whether it was red or green, but whether there were people buying after the pump👀 NEAR pumped without volume, the rebound was weak, and the overhead resistance had never been eaten. Chasing longs at such a level is likely to get schooled by the market.
Entry near 2.1626, now at 1.9344, r
NEAR8.22%
BTC2.96%
ETH3.07%
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... I was wondering why I felt inexplicably close to Grvt.
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[New Streamer] U.S Senator Elizabeth Warren calls for legislation restricting.
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