The current cryptocurrency market is indeed exciting, with the overall trend being completely opposite to most people's expectations.
Market Review
When the BTC price fell back to $74,000, market sentiment was generally pessimistic. Many predicted that ETH would drop back to three digits, and BTC might even dip to $60,000 or lower at the $20,000 level. The Bitcoin Eagle team had clearly pointed out that the upward trend would continue and repeatedly reminded investors not to panic, but amidst the market's panic, most chose to cut losses and exit.
Altcoins: It is currently not recommended to chase highs, as there is a certain risk of pullback. If a 3%-5% pullback occurs, consider building positions in batches.
Mainstream Coins: BTC: There is always a safe opportunity to enter at any time.
BNB and SOL: Currently still have investment value.
Position Adjustment: For altcoins that have seen significant increases recently (such as Parti, PEPE, etc.), consider reducing most positions. Strong fundamentals in altcoins suggest continuing to hold, patiently waiting for higher prices.
Long-term Outlook: Notable venture capitalist Tim Draper predicts that by the end of 2025, the price of Bitcoin will reach $250,000 and will replace the US dollar's dominance within ten years. He suggests that companies allocate BTC to cope with bank runs and the global shift towards a Bitcoin standard.
Macroeconomic Factors
The upward momentum of BTC is expected to continue at least until the end of May, with the possibility of rate cuts in July and several rate cuts expected within the year, indicating a positive long-term trend. Although there may be short-term pullbacks, there are currently no significant risk signals in the market.
The market is always full of uncertainty, and investors are advised to allocate their assets reasonably based on their own risk tolerance to avoid blindly chasing highs and killing lows.
Stay tuned with nostalgia, analyze with precise strategies, and select with huge funds and millions of AI big data to keep yourself unbeatable? The market has never lacked opportunities; the question is whether you can seize them. By following experienced and right people, we can earn more!
Keep an eye on: ETH DOGE BNB!
