$BTC is currently in a very short sideways range to narrow the liquidation zone.
Right now, there are more shorts, but I wonder why they are shorting?
This area feels like a hesitation for both sides, however, I lean towards a bullish trend this week.
Tomorrow is Tuesday, and there might be a test creating two bottoms in $BTC, with the expected test area at 102k, and the short position remains at 112k as before for $BTC.
The plan hasn't changed, still fully invested, and looking to take profits at the end of this month or the first week of July.
A few words for those holding $LINK
Recently, I read an article by Kudo stating that this season $LINK's inability to collaborate with Securitize is disappointing, showing that $LINK is clearly on a downward trend.
However, Securitize is a project focused on RWA (Real World Assets) of traditional products, and their choice of a new protocol and different technology like RedStone makes sense.
$LINK has stood strong in the crypto market for many years and is an Oracle with a stable history; almost any project that collaborates with $LINK can use it to boost their credibility.
$LINK continues to improve, and up to now, here are some highlights that Chainlink has achieved:
- Supporting the trading of tokenized assets with major financial institutions like JPMorgan, Templeton, BNY Mellon, and Australia’s ANZ Bank, promoting the tokenization of funds and the practical application of blockchain in traditional finance.
- CCIP (Cross-Chain Interoperability Protocol) has reached a milestone of transferring over $1 billion in token value, becoming an important solution for connecting data and transactions between blockchains.
- CCIP is integrated with major organizations like SWIFT, entering the testing phase before official deployment, marking a significant step in connecting blockchain with traditional financial systems.
- Chainlink has supported over $18 trillion in transaction value and provided over 15 billion verified messages on the blockchain, affirming its crucial role in the DeFi and Web3 ecosystem.
So even without Securitize, Chainlink remains a giant in the web3 Oracle Service, so do you think Link is weak?
Of course, next season there will still be $LINK in the portfolio!
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