Bitcoin and Ethereum have seen significant declines, with altcoins being affected even more, many have already dropped back to the starting point of May 7, or even lower.

It can be said that altcoins may have approached the bottom of this round.

Currently, the control power of $BTC

is very strong, and if one day it rises to 150000, it wouldn't be surprising.

On the other hand, $ETH faces significant pressure

because there are too many retail investors and high leverage, making it more difficult to break upwards.

At present, Bitcoin is more like a "weather vane," laying the groundwork for altcoins to accumulate.

For Ethereum, from a 4-hour perspective, after the rise on the 16th, a lot of chasing emotions were triggered, and many people rushed to increase their positions, thinking a bull market was coming, but often they buy and end up being trapped, cutting losses and then watching the rebound.

This kind of back-and-forth is the norm in the current market.

Currently, it seems that $ETH is following the first type of oscillating trend and has not broken down.

If it subsequently drops to 2350 or even 2250, it would actually be more beneficial for later challenges above 3000.

So, focus on Ethereum, and buying altcoins near 2200-2300 could be a good opportunity.