Bitcoin has recently strongly broken through the key resistance level of $88,000, with the next pressure zone lying between $95,000 and $98,000. From the current pace, this range is likely to be 'tested' soon. However, I personally believe that directly crossing $98,000 in the short term is quite challenging. I recommend that friends with heavy positions consider reducing their holdings as they approach this area to secure profits.
However, this doesn't mean the market is over. When Bitcoin starts to consolidate or even correct, the market often enters a 'rotation mode'—capital flows out of BTC and into active small coins, which could lead to a phase of altcoins blooming one after another.
Altcoin revival brings opportunities, but it's important to distinguish between real and false 'springs.'
Recently, many 'floor price' coins have suddenly surged, especially metaverse concept coins, which superficially seem to indicate a revival. However, upon closer inspection of the funding structure, most are 'old coins' issued during early activities on the Binance platform, many of which had previously dropped over 90%, now collectively 'resurrecting.'
This rise is mostly driven by market makers, with sparse buy orders and a rapid surge but insufficient volume, which doesn't resemble a true bullish trend. Therefore, it's not advisable to chase these coins at high prices; don't be fooled by a “flash in the pan.”
The real leading altcoins haven't moved much, indicating that the market hasn't fully exploded yet, and opportunities are still building up. It's advisable to closely monitor the rotation signs in sectors like AI, Meme, and DeFi. If these sectors start to take off, that will be the true 'main bullish phase' worth participating in.
Focus on three projects that may be the next breakout points:
DOGE: Dogecoin has recently become active again, with on-chain active addresses and trading volumes soaring to multi-month highs, outpacing the broader market. This surge is not driven by sentiment but by real capital inflow. A staggered entry strategy can be attempted, especially suitable for short-term plays and taking advantage of emotional swings.
SOL: Current price $148, waiting for a pullback to around $120 for a staggered entry. Once the spot ETF is approved, SOL's performance may far exceed that of Ethereum. It has significant backing from large funds and deep institutional participation, making it one of my favored mid-term projects.
AAVE: The big brother of DeFi, with the V4 version coming online to support cross-chain collateral, even allowing Bitcoin to be used for lending. Healthy cash flow, mature mechanisms, and actively expanding into new public chain ecosystems. If the DeFi boom returns, AAVE will be one of the most representative blue chips.
May's market is full of variables, with loosening policies in Beautiful Country, a shift in Trump's stance, and potential acceleration in ETF progress... We are at a critical juncture that may cross $100,000. But you must know that the market is never linear; real opportunities often hide within fluctuations.
