June 15, 2025

The market suddenly crashed again. Although I was cautious about this pressure point, the extent of the drop was unexpected. The main reason is the rekindling of war in the Middle East, with Israel launching airstrikes on Iran. However, during this wave, oil and gold prices have risen, which makes the sharp decline in Bitcoin somewhat puzzling, after all, it is considered digital gold.

The good news is that despite this, Bitcoin did not fall below 100,000. On the other hand, Ethereum experienced a significant drop, and many altcoins also plummeted. This wave of market activity, coupled with multiple unsuccessful breakthroughs of pressure points, indicates that we are likely to enter a period of consolidation once again, which could last for several weeks.

From the current trend, it still aligns relatively well with the consolidation trend, as Bitcoin has returned to 105,000, signaling that it does not want to fall further. Currently, Ethereum and other altcoins appear weak, and this trend may persist for 1-2 weeks. As for whether there will be another rebound to rise, it remains to be seen.

Overall, the rhythm of this bull market is still acceptable. One factor is that Bitcoin has already attempted new highs early (the so-called early is in comparison to our expectation that it would officially start in late month). Another point is that Ethereum is performing stronger than before, which is a guarantee for the future altcoin market. Of course, it should be emphasized again that the collective irrational surge of altcoins has become history; even in a bull market, we must maintain reasonable expectations.

Thank you for your attention.