Explosion! Bitcoin skyrockets but is unable to break the double top, Ethereum surges 40% before suddenly stopping. Is this wave truly the last celebration or the prelude to a major crash?

Recently, Bitcoin has been like a roller coaster, briefly breaking through $107,000 on May 19, only to fall back to $105,000 in an instant. Short-term overbought signals are evident, and the market remains shrouded in mystery. However, institutional actions are aggressive: a major player bought another 6,000 coins this March, holding a massive amount of Bitcoin, and is even claiming that reaching $200,000 is not a dream. Last year, Bitcoin-related ETFs attracted over $30 billion, and this year expectations are even higher. But risks are also apparent – regulatory approval for ETFs is still pending, and if denied, a price crash is inevitable. On May 19, $556 million was liquidated, with 13 people losing everything, creating an extremely speculative atmosphere. It is advisable to be cautious, build positions in batches, and not exceed 10% exposure; exit quickly if it falls below $98,000.

After Ethereum’s upgrade on May 7, it surged 40% in three days, but with L2 funds dispersed and large holders selling off, concerns have arisen. The good news is that if the Ethereum ETF applied for by large asset management companies is approved, tens of billions of dollars could flood in, with a target price possibly soaring to $6,500. It remains the dominant player in DeFi and NFTs, with staking volumes exceeding 20 million coins and an annual yield of 4.5%. However, bears are pessimistic about the value support weakening after the upgrade, with prices potentially dropping to $800-$1,200. It is recommended to try small positions in the range of $2,200-$2,400, and be alert to risks if it falls below $2,500.

The SEC's decision on ETFs on June 3, and the clearing of Ethereum staking ETFs, are key points for the future market. Currently, the market's greed index is off the charts; do not blindly chase highs, protecting your principal is the way to go!