Guys, a new week has begun, and in the blink of an eye, BTC has recorded five consecutive bullish candles, closing with another strong bullish candle this week, which is a sign of a strong market; at the same time, the MACD has confirmed a golden cross again as it returns near the zero axis above it (this is the third weekly golden cross in this bullish cycle). Looking back at October 2023 and October 2024, we can see that after each weekly golden cross, there was a subsequent rise at the weekly level. In the short term, there is indeed visible pressure near the previous highs, but under these circumstances with a confirmed major trend, that pressure is meant to be broken through, providing chances for those who are short to get fuel [grin].

At the same time, the long-awaited altcoin season is unfolding. A beautiful tomorrow may be delayed, but it will never be absent! Starting from the big bullish candle of ETH on May 8, today marks the fifth day of the altcoin season; everything has just begun, cherish the upcoming opportunities, and let go of that short position key on your keyboard.

ETH pulled up nearly 50% last week, and while there may be a slight pullback in the short term, it won't be too deep. On April 8, when we mentioned that this was a once-in-three-years opportunity, we also pointed out that ETH's next rise might be a surge that makes it impossible for you to get on board, pulling to a point where all retail investors doubt their choices until it astonishes everyone, and it came faster than expected. Because the financial market is counterintuitive; when everyone is complaining and lacking confidence, and the fundamentals haven't changed, while whales keep accumulating and the ecosystem keeps upgrading, that's the signal.