5.23 Thoughts
The market is emerging from a healthy slow bull pattern, with several key points worth noting:
1. After BTC broke its historical high, it did not experience a crazy surge but instead maintained a steady, slight increase. This type of trend is more sustainable, indicating that it is not short-term speculative trading but rather solid capital entering the market.
2. ETH and SOL are now approaching previous high positions. Once these two leaders break through, they will drive the entire altcoin market to surge. Particularly for SOL, its ecosystem activity continues to rise.
3. HYPE has become the first altcoin to reach a new high in this round, with several astonishing statistics: open interest and trading volume approaching half of that of BTC
DEX trading volume is almost monopolistic
CEX trading volume has entered the top five
Such a level of performance is already beyond the capabilities of ordinary altcoins.
In terms of operation:
Continue to hold BTC as a base position
Focus on whether ETH/SOL can effectively break through
Strong coins like HYPE can be gradually accumulated during pullbacks
Maintain a certain amount of cash to respond to potential fluctuations
Remember, in a slow bull market, chasing after rapid increases is the worst approach. Choosing the right targets and holding patiently is the key.