The market is currently in a rather awkward state. The FOMO sentiment we have been emphasizing has not been fully released for a long time. The main reason is that the altcoins led by 31663711907 have not seen substantial increases; their movements are only maintaining within a very narrow upward channel, and the market is continuously fluctuating here, wearing down investors' patience.

But as I mentioned before, the market may dip down one more time to clear out some high-leverage long positions before embarking on a real upward trend.

The reason is simple: if the market does not rise, it will be difficult to attract the funds of those who are currently holding cash or shorting. These individuals still make up a significant portion of the market, and they do not believe the market will rise; they remain on the sidelines or stick to their bearish views. Only when the market rises to the point where they doubt their judgment will they give up waiting for a pullback and choose to chase the price higher.

Thus, we see that the recent market volatility has not been large; each pullback has only been minor, making it uncomfortable for those wanting to go long and waiting for a pullback to enter, because if you hesitate slightly, it immediately rebounds.

This repeated oscillation process is meant to gradually wear down investors' strong bearish expectations. Only after the bearish expectations gradually dissolve will the market truly welcome a decent upward trend, such as Ethereum possibly reaching 1950 or even 2100, and altcoins may also experience a broad rally.

For those with less capital, you can consider positioning in C o n a n; aiming for high multiples is also not bad. The narrative is excellent, the top-notch team continues to push, and the hero dog of the wise king will not disappoint!