May 11, 2025

The market has started to move three steps forward and one step back. Bitcoin has strongly broken through $105,000, and Ethereum has also touched $2,600. According to the previous concentrated chip range, both of these positions have certain pressure. Of course, after such a significant rise in Ethereum, it is reasonable to encounter resistance and pull back or oscillate a bit. What we need to pay the most attention to is the strength of the pullback. If each pullback is minor or just a quick dip, and then it recovers, the market will maintain its strength.

In fact, looking at Bitcoin's trend, the main force is completing low-position accumulation. Whether this rally can achieve an immediate historical high depends on Bitcoin's price movement and Ethereum's chip structure and whether there are new hotspots in the ecosystem. In short, it depends on the mood of the main force, which varies based on the situation.

In historical markets, I encountered a situation where Ethereum's rally faced strong resistance and temporarily abandoned the rally. However, after completing the accumulation, Ethereum surged by five times. This time, I am unsure where Ethereum will follow Bitcoin, but it is certain that Ethereum's trend has strengthened. This time it will definitely continue to rise, and if it breaks through the $2,600 resistance, it will likely not fall back below $2,600, just like the opportunity below $2,000, which vanished as quickly as it appeared.

As for altcoins, they have also risen along with the market. My strategy is still to sell in batches based on the bottom-buying price. Although altcoins can surge rapidly, considering the high volatility, I will sell while making some short-term trades until I clear out my positions. If the second half of the year turns into a bull market, new skyrocketing altcoins will emerge. For now, I am primarily holding coins; I will sell about 10% of my position in this resistance zone, mainly because my previous positions were quite full, and I want to see if a significant pullback occurs. For larger positions, I will let the market continue to fly.

Thank you for your attention and likes.