The overall market has experienced a pullback, and my prediction is still correct. $BTC, let's first look at Bitcoin. Zooming out to the weekly level, although the price has fluctuated repeatedly over the past few months, the MACD has moved from a death cross to a golden cross, indicating that the momentum below is accumulating. If you remember the trend after '519' in 2021, the current situation is somewhat similar. If this pace continues, it is not ruled out that new highs will be reached later, but I tend to think that even if new highs are reached, the space will not be particularly large. If a direct breakthrough occurs in the next two weeks, I will target a range of $110,000 to $120,000, and by then, it would be about time to consider gradually reducing positions.
In the short term, Bitcoin has risen for five consecutive weeks, and the current pullback is actually quite normal; the technical side also needs a digestion process. The support below is approximately at the position of $99,000 to $100,000; if it pulls back to here, there might still be funding support.
$ETH, I previously estimated that it would drop to around $2,500 this week, and it has almost reached that point. If the trend continues to be weak, it is not ruled out that it may test the bottom around $2,400, which is also a key support area, roughly between $2,350 and $2,400.
As for some altcoins, most of them are adjusting with the market, but the 'Zoo' series has been quite resilient, especially NEIRO, which has performed very strongly. The main force not only did not wash out the market but instead pulled it up against the trend, strongly maintaining a bullish structure. In the short term, if there is an opportunity to test the five-day line, it may be a good low entry point. But remember, the current market rhythm is fast; making money requires decisiveness, and if mistakes are made, stop-loss must be timely; do not hold on stubbornly.
Currently, it seems that altcoins can only truly emerge from the shadows around June or July, and a bull market is definitely coming!
This round of the bull market cycle in the crypto world is indeed quite torturous. Only BTC has risen, and the basic rhythm is: Stage 1: BTC breaks a new high for the first time, and some altcoins also break new highs, most rising significantly; Stage 2: BTC pulls back 20%, while others pull back 50%. Stage 3: BTC breaks new highs, while others are barely alive and rise randomly. Stage 4: BTC pulls back 30%, while others are halved again, with most pulling back over 60%. Stage 5: BTC approaches the previous high, while others are halved compared to their peaks. In summary, BTC repeatedly reaches new highs, while others repeatedly reach new lows.
Holding BTC is quite secure, while holding other coins feels precarious. If one only held BTC a year ago, it would have at least quintupled by now. Remember for the next cycle: only buy BTC, do not buy others. However, looking at the previous patterns in the crypto world, it is an undeniable fact that other coins have larger gains than BTC; the problem lies in the timing, that period has not come yet. Therefore, surprisingly, given this situation, not investing in BTC in the early stages and now trying to invest in BTC in the mid-stage is also meaningless; one might as well invest in these significantly dropped mainstream coins; after dropping so much, the rebounds will also be considerable, and ultimately the gains will be on par with or surpass BTC.
Recently, ETH has seen a surge. I feel there is no need to overly hype Ethereum's strength; it has dropped so much. Its lowest price has already dropped to the peak of January 2018, and the drop is quite terrifying. One can only say that there is no risk in continuing to hold ETH; it is definitely not a problem. Saying it has risen is somewhat exaggerated; other mainstream coins have also risen by 50%, so it can only be said that ETH has risen, and altcoins have hope.
Currently, it seems that altcoins can only truly emerge from the shadows around June or July, and a bull market is definitely coming! For now, we can only prepare our positions and wait. The best time to enter the crypto market is also very brief, and the best time for profit is also very brief; not selling at the best time will lead to long-lasting regrets. The trajectory of the crypto market is not flat, not hilly, not on the sea, and not in the rainforest; the trajectory of the crypto market is more like the towering mountains; you can see above in the valley, but you cannot know how deep the valley behind the mountain is. The real crypto market is even more dangerous because you have no idea where you are; only after completing the journey can you stand from a god's perspective to review it. This is truly an adventure.
A few key altcoin highlights: the five kings of this rebound: Pepe, SUI, Pengu, Virtual, Bonk!
1. The leading AI sector VIRTUAL: The strongest king of AI + Crypto, with technology crushing the competition; buying on dips is like giving away money!
2. SUI: seeing 4.85-5.00.
3.Doge: seeing 0.3685. The weekly MACD is about to form a golden cross.
5.fet: seeing 1.35.
6.ada: seeing 1.085.
7.xrp: seeing 2.95-3.00.