Views on Shanzhai

Differentiation! Differentiation! Still differentiation! I predict that in the next 1-2 months, the market for altcoins will more often be about survival and self-rescue for project teams, as most altcoins have returned to their starting points. Now, strong assets are rebounding after a wave of fluctuations, clearly waiting for a clear signal from Bitcoin. At present, players at all levels of the cryptocurrency pyramid are cautiously observing and are hesitant to take action. Whether there will be a small season of strong segments among altcoins is expected to be revealed in early June.

However, the difficulty of selecting altcoins should not be underestimated. In every bull market, there is often one dominant player, and the first choice for bottom-fishing in the secondary market remains BTC (for example, Ethereum may also overtake in this wave, buying ENA, LDO, ENS, etc.).

In the DeFi field, noteworthy projects include UNI and BANANA.

New projects listed on Binance will typically rise before falling again; those with courage can try short-term trading.

In the AI field, TAO and WLD are also worth attention.

All of these can be added to a watchlist. If Bitcoin weakens, choose those altcoins that are performing well and have risen first; during deep declines, focus on strong VC coins and avoid chasing weak ones. There may also be opportunities similar to this wave of AI16Z that could yield several times from the lows.

If Bitcoin strengthens directly without pulling back, look for the coins among the top 10 by trading volume with the smallest increase as buy points for supplementary trading, and analyze the situation later. Do not be influenced by FOMO; once the market starts moving, there will be many opportunities, and mastering the rhythm is key.