Similarly, in chasing the rise and fall, some return fully loaded while others are left with nothing but their pants.
What's the difference? Experienced traders operate with rules: steady grip, quick moves, and clear plans. Newbies often panic, stubbornly hold onto losses, and rely entirely on feelings to enter and exit, leading to natural polarization.
Today's cryptocurrency fear and greed index is 78 (yesterday it was 71), with market sentiment entering the 'extreme greed' range.
There are two mainstream stereotypes in the market:
One is that Bitcoin will become a historical peak like in May 2021, a view that has already failed.
Secondly, some believe the second half of the year will open up a frenzy like in 2017 and 2020, and that we are already in the later stage of a bull market, targeting $200,000.
My view is that Bitcoin and U.S. stocks are in a slow bull phase, while Ethereum is at the beginning of a bull market; it hasn't reached the later stage and there won't be a frenzy, as monetary policy and international capital have already dominated the crypto space. The four-year bull-bear cycle will be broken, and the bull market will be extended.
BTC is surging toward 140,000, and ETH 3000 is just the beginning? The bull market's charge has already sounded! The altcoin drama has begun!
Bitcoin: support levels are $109,500-$112,000 and $106,132-$107,507, with no pressure levels currently. It is seeking a breakthrough in the $116,411-$119,200 range. Friday evening's close was stable, and for ultra-short-term trading, pay attention to the upper and lower bounds of this range, looking for opportunities when close to the edges in relation to volume and price.
Ethereum: support levels are $2,851 and $2,719-$2,788, with no pressure levels currently. It is oscillating in the $2,912-$2,988 range, moving in sync with Bitcoin. Saturday serves as the first day of low liquidity, with frequent price tests up and down. If there is a significant drop, look for long opportunities; if it rises too sharply, watch for short opportunities.
In terms of operations: over the weekend, focus on uncovering stagnated altcoins, especially those with the first wave of volume on the daily K-line, standing above MA30/MA60 or just breaking through MA120 with significant space from MA250. Once these coins explode, the strength is often quite strong.
In terms of operations: over the weekend, focus on uncovering stagnated altcoins, especially those with the first wave of volume on the daily K-line, standing above MA30/MA60 or just breaking through MA120 with significant space from MA250. Once these coins explode, the strength is often quite strong.
Speaking of altcoins, today has been quite intense!
HYPER surged 385% in a day, BANANAS31 has risen for three consecutive days, gaining another 50% today, and has surged six times in 20 days, it's simply an altcoin beacon!
REZ, STO, PNUT, PENGU, ACX, BIO, SAGA, FARTCOIN, SKL, MUBARAK, COOKIE, HUMA, CFX, WLD, ORDI, SEI, ZK, DYM, etc., are also surging, with increases between 15% and 30%. Altcoins are more aggressive than the day before!
Once altcoins heat up, the entire market comes alive.
Explode, public chains, MEME, inscriptions, AI, DEFI!
Currently, the leading altcoin is BANANAS31, which is a combination of AI + MEME, two of the hottest concepts merged, making it hard not to be bullish. Plus, it has a bit of the Musk concept, so it's easy to see why funds are chasing it.
Recently, BONK's performance has also been quite independent; as the MEME leader on the SOL chain, it started quietly rallying a few days ago.
HYPER, which skyrocketed in a day, is focused on cross-chain communication. Cross-chain technology has actually been around for a while, like ATOM, which has been lukewarm. But perhaps cross-chain will reignite, as there are now too many chains, and the demand for cross-chain will only become more rigid.
VIC has been performing remarkably in recent days; it is a public chain; INIT is a newly emerging cross-chain public chain, which has already been very strong.
To learn more about these leading assets, the preferences of funds will become clear—it's evident what direction they are speculating on.
Overall, the market is accelerating, the trend is clear, but the sentiment is gradually heating up.
At this moment, what’s most important is not to go all in but to stay clear-headed and execute discipline.
Choosing coins has logic, building positions has rhythm, and taking profits has plans.
This is the true skill to navigate through bull and bear markets.
Opportunities always favor those who are prepared.
The secret to not being thrown off the bus is: steady, precise, and fierce.
