📈 The overall market enters a repair period, BTC oscillates upwards, ETH remains under pressure, SOL rises against the trend influenced by voting events.
📊 Market dynamics: BTC steadily rises, ETH's rebound is limited, SOL's capital-led rebound.
1️⃣ $BTC | Oscillating upwards, but still has not broken through 87,000 🔹 Current price around 85,000, market sentiment is warming up, but a new trend breakthrough has not yet formed; 🔹 Some viewpoints believe the bull market has restarted, but it has not yet firmly stood at key resistance levels.
2️⃣ $ETH | Each rebound is being shorted, market confidence is lacking 🔹 ETH/BTC trading pair continues to decline, capital is more inclined towards BTC rather than ETH; 🔹 Market bears still target ETH as the main shorting target, with rebounds under pressure in the short term.
3️⃣ $SOL | Influenced by voting events, capital-led rebound 🔹 After the failure of the anti-inflation proposal vote, for some unknown reason, the market spread news of 'successful voting', leading to a rapid price surge; 🔹 Main capital led the rebound, with an increase exceeding previous rebounds, market trends are full of uncertainty.
🔗 On-chain & Capital Dynamics
4️⃣ Chainlink unlocks 19 million LINK, valued at approximately 262 million USD; 🔹 LINK suddenly surged yesterday, raising market suspicions of a short hedge.
5️⃣ BNB Chain ecosystem continues to expand, Mubarak surpasses 25M; 🔹 BNB is still shaping its independent market, but retail investors often struggle to keep up.
6️⃣ Taproot Wizards provides strategic funding support for Bitcoin Memecoin platform ODIN•FUN; 🔹 Previously, the market questioned its exit, now it has received direct funding support, a dramatic reversal.
🏛️ Policy & Regulatory Dynamics: Argentina issues VASP regulations, US SEC continues to advance ETF.
7️⃣ Argentina's securities regulator finalizes regulations for virtual asset service providers (VASP); 8️⃣ Kentucky Senate passes Bitcoin self-custody protection bill; 9️⃣ David Sacks sells over 200 million USD in crypto assets before joining the White House to avoid conflicts of interest.
📈 ETF Progress: VanEck submits AVAX ETF, ETF gradually 'flooding'
🔟 VanEck submits Avalanche (AVAX) ETF application to the SEC; 🔹 ETF applications are becoming more frequent, and market expectations for their scarcity are decreasing.
1️⃣1️⃣ Goldman Sachs acknowledges cryptocurrency for the first time in its annual shareholder letter; 1️⃣2️⃣ Coinbase Derivatives applies for self-certification of NGS futures and ADA futures.
📉 Macroeconomic & Capital Flows
1️⃣3️⃣ BTC to gold ratio breaks below 12-year support, analysts suggest it may mean the end of BTC's 12-year bull market; 🔹 If the ratio continues to decline, it may impact BTC's market perception as 'digital gold'.
💡 Trading Thoughts: The current market requires flexible strategy adjustments.
🔹 BTC is still oscillating upwards but has not broken through key resistance; need to observe the 87,000 level in the short term; 🔹 ETH continues to be under pressure, with each rebound being suppressed by bears, market confidence is lacking; 🔹 SOL is capital-led, with significant short-term volatility, need to respond cautiously; 🔹 On-chain capital flows are frequent, market speculation intensifies, and holding strategies need to be more flexible.
📢 The market is still in an oscillating adjustment period, strategies need to alternate between 'lowering intelligence' and 'increasing intelligence', responding cautiously to high volatility.
