The market is picking up, and the community is getting lively!
There are many listings as well!
Bitcoin is rising along with the interest rate cut expectations in July, and the weekly structure shows a clear U-shaped reversal pattern. Similar trends occurred in October 2023 and November 2024, after which altcoins collectively surged, and Bitcoin's market share significantly declined.
Now the altcoin index has once again broken through key resistance, coupled with previous deep corrections (commonly falling over 90%), indicating that a new round of market activity is brewing.
Interest rate cuts + peak sentiment = characteristics of the end of a bull market
If the interest rate cut in July is confirmed, sentiment will heat up excessively, mainstream altcoins will reach new highs, and retail investors' enthusiasm for chasing prices will rise, which also means that the market may be entering the tail end of a bull market, increasing the risk of large players offloading.
Short-term rhythm: Surge and oscillation → Pullback opportunities
Currently, the market has just experienced a strong bullish candle, entering a phase of oscillation and adjustment in the short term; the market will not directly reverse downward. It is recommended to pay attention to the CPI data on May 13, which is expected to bring about a short-term pullback, and watch for low-position layout opportunities. Bitcoin's top signal has not yet appeared, so shorting is not recommended for now.
Operational focus: Strong altcoins with completed structures + stable moving averages
Reviewing last November's trends, the current strategy should focus on high-quality altcoins that have completed technical reversals and have stabilized above the daily or 4-hour moving averages, taking advantage of the upward market movement.
