In the current market environment, Bitcoin remains in a strong consolidation range. Although it has repeatedly touched key resistance levels in the short term, the overall trend remains healthy. From a macro perspective, investors remain optimistic about the Federal Reserve's potential interest rate cuts, which provides some macro support for crypto assets. However, in the short term, due to a lack of new capital inflows, the market is showing some hesitation at high levels, and there are also signs of local divergence on the technical front.
Regarding Ethereum, its price rhythm is largely in sync with Bitcoin, showing structural consolidation. Technically, there are clear signs of low-level divergence and oscillation accumulation, with short-term rebound momentum building up, especially against the backdrop of the resurgence of interest in the L2 and AI sectors, the mid-term potential of the Ethereum ecosystem cannot be ignored.
From the perspective of capital flow and hot spot distribution, the DeFi and Meme sectors have once again become the short-term focus. Particularly influenced by favorable regulatory news, some leading DeFi projects have begun to attract institutional investments. Meanwhile, newly issued coins and trending tokens like WCT and MoonPig frequently appear on the gainers' list, indicating that short-term speculative funds in the market remain active, but the characteristics of high leverage and concentrated chips also remind investors to guard against the risks of violent fluctuations.
Overall, the current market is at a critical point of transitioning from oscillation to a new trend. The logic for mid to long-term upward movement has not been broken, but in the short term, caution is needed regarding the pullback risks associated with high-level consolidation. In terms of operation, it is recommended to maintain position flexibility, accumulate mainstream coins on dips, and wait for confirmation signals for altcoins, participating cautiously in hot speculation while focusing on on-chain activity and capital trends.
