Currently, Bitcoin is in a consolidation phase. Although some people are bearish and predict a 'head and shoulders' pattern, the overall trend is quite clear: if the price stabilizes above 100,000 dollars, it will shift from a rebound to a reversal, starting a new round of increase. Although recent ETF fund inflows have slowed, the overall structure has not been substantially affected.
The real main rising phase of the market may start in the second half of the year, accompanied by expectations of Federal Reserve interest rate cuts. The main line of this bull market still revolves around meme and AI, so the low-position chips in hand should be held steady, avoiding easily giving them up.
For high-risk on-chain projects, if you can't compete with the initial hype (i.e., 'image war'), you can choose to wait and see until the market filters out quality targets, then wait for a significant pullback before entering. This is a relatively prudent strategy.
As the 'second' in the crypto world, Ethereum has experienced a shift from high expectations to being overlooked in this bull market. Bitcoin has already refreshed its historical high, while Ethereum has not only failed to reach a new high but has also seen a significant pullback, exceeding most people's expectations.
This is partly due to inertia thinking—most people assume mainstream coins must break previous highs in every bull market; otherwise, it is 'abnormal'. But the truth is, historical highs are not a hard rule, and the market has never promised such a thing. We cannot expect the market to 'cooperate' with our emotions simply because we are heavily invested or optimistic.
From 'predicting prices' to 'waiting for the market', many people are obsessed with predicting whether ETH can rise to 4,000 or 10,000 dollars, hoping for 'divine predictions' within the community. If correct, they worship; if wrong, they blame the market. This behavior ignores the essence of investing: price predictions are built on the fantasy of uncertainty.
Truly mature traders do not rely on price targets to make entry and exit decisions but instead follow trends and respond dynamically. Otherwise, no matter how many times you predict correctly, you will ultimately struggle with the fate of missing out and getting trapped.
Therefore, instead of being obsessed with predictions, it is better to focus on observing trends.
Don't panic during market corrections; the overall trend is still bullish. In the current rebound, the five strong coins are: Pepe, SUI, Pengu, Virtual, and Bonk. Among them, Virtual, as the leader in the AI + Crypto sector, has outstanding fundamentals and is considered one of the strongest projects currently. Spot investors can pay attention to these sustainable targets at low points.
In the short term, the market may primarily undergo volatile adjustments, but the overall direction is driven by expectations of interest rate cuts. The weekly chart is forming a U-shaped reversal structure. Bitcoin is currently consolidating around 102,500 dollars, forming a continuation pattern, with supports at 101,500 and 100,900 dollars; a pullback could be a potential buying point. BTC.D (Bitcoin dominance) is facing significant resistance, and funds are expected to flow back into the altcoin sector.
Core viewpoint: Expectations of interest rate cuts have yet to be realized, the trend is still on, and the market is far from over.
Overview of the current status of leading altcoins in various sectors:
1. Ethereum ecosystem: $ETHFI serves as the main representative.
2. ETH Meme: $PEPE remains a standout.
3. Solana Meme: $PNUT and $MOODENG are in a duel.
4. AI sector: $VIRTUAL leads the charge.
5. BSC Meme: $MUBARAK rises unexpectedly.
6. New public chain camp: $SUI firmly holds the top seat.
7. NFT sector: $PENGU rises as a dark horse with liquidity strategies.
I have witnessed Bitcoin drop from 20,000 to 3,000, then soar to 69,000, and finally break 100,000 dollars twice.
I have also seen Ethereum rise from 80 dollars to 4,800 dollars, then return to a low point. I have experienced the market's highs and lows, the hype and the cooling.
But this time, it is indeed different.
Panic dissipates; builders have never left, and smart money still holds firm.
Bitcoin's 105,000 is no longer an unreachable high, but a new starting point.
Ethereum's 2,500 dollars is not the peak but the floor.
That's all for this article! If you are confused in the crypto world, consider joining me in planning and harvesting from the market makers!
