For the current operation, I have two clear judgments:
Firstly, the breakout of Bitcoin's previous high is not highly suspenseful, but the $110,000-$120,000 range is likely to become a temporary top, and a step-by-step reduction strategy needs to be executed at this position.
Secondly, the awakening moment of altcoins may come in midsummer. Referencing the market turning points of June 2017 and July 2021, June and July may become a key window for mainstream coins to explode — this coincides with macro variables such as the Federal Reserve's rate-cutting cycle.
Currently, the most noteworthy signal is hidden in the performance of Ethereum: as a barometer for altcoins, ETH's repeated bottoming action around $2,500 is significant. This position is not only a concentrated area of chips before the 2022 merger upgrade but also the cost line for institutional investors allocating to alt assets. When the ETH/USDT trading pair begins to show sustained volume, it often indicates that market risk appetite is shifting.
