Witness a historical moment! Trump signed the (GENIUS Act), marking the official launch of the first federal crypto law in the US, and stablecoins are entering the era of compliance! Combined with the weekend's ETF and US stock market closure, the market is mainly consolidating; we will clarify the direction when the market opens on Monday. Stay steady, don’t rush; the main event has just begun.
Bitcoin is currently in a high-level consolidation phase on the daily chart.
Although there are some signs of short-term pullbacks technically, such as a gravestone doji, the lower support remains effective, and trading volume is decreasing, indicating that bearish strength is gradually weakening. At this stage, I tend to think: don't over-interpret this pullback; it looks more like a 'normal breathing' in a bull market.
The current focus is on observing the consumption of bullish and bearish forces within the consolidation range. If the bulls dominate, a breakout upwards is likely; conversely, if the bears take the lead, there may be another dip. However, I don't recommend trying to guess the top or bet on a major drop at this time; market sentiment is still present, so don't be led by the noise of short-term fluctuations.
ETH remains strong, with the bull-bear dividing line at 3587.
Back to Ethereum, we mentioned the key point of 3587 yesterday, and looking back today, the trend has basically been oscillating around this point. It can be said that 3587 has become the bull-bear dividing line in the short term. If it holds, then it will continue to surge; if it breaks, we need to see the strength of the support at 3466. As long as BTC doesn't crash, the market is still there.
ETH is currently showing very strong momentum; hitting 4000 is just a matter of time. However, I personally believe that the real window for breaking 4000 may have to wait until August-September.
By that time, the altcoin season is very likely to have truly arrived. What you see now are more like warm-ups and tests; Bouju can start, but don't go all in, focus on selecting strong coins.
Looking at the altcoin side: over the past two days, mainstream rotation has focused on the #DeFi sector, first led by REZ, followed by #UNI taking over. After the weekend's pullback, next week is likely to rotate to AI or meme; those who needed to ambush have already done so, just waiting for the order to take off!
Let's continue discussing some speculative topics; PUMP is a typical example.
In just a few minutes after launch, it raised $600 million, but ended up plummeting 21% within 24 hours, with the price falling below the ICO level, and 60% of early players have already run away. Although it was listed on major exchanges like OKX and Kraken, even a $30 million buyback couldn't stabilize the market.
Ultimately, tokens without airdrops, utility, or ecological support are just short-lived fads entirely supported by FOMO. The holdings of YUE have plummeted by 16%, on-chain activity continues to decline, and with the rise of new platform competitors, PUMP's bubble is rapidly being popped.
Speculation can be short-lived, but don't take it seriously; real money should be reserved for projects with potential.
SOL, ADA, VANA are all ready to shine, has the altcoin preheating begun?
$SOL : After rebounding above 180, although it slightly retreated after challenging 184, it still stabilized within the 177-179 range. As long as it doesn't break 168, reaching 186-188 is just around the corner, and the momentum to hit 200 or even 220 is very strong. Moreover, meme coins on the Solana chain have seen a general increase of over 13% this week, with SOL benefiting significantly. The technicals have also returned to the daily 200MA, showing a solid foundation.
$ADA : This week’s increase is nearly 30%, with market capitalization approaching Tron. Daily trading volume has surged, and the price hit 0.74; if it breaks 0.86, the next stop will be 1.62 or even 2.65. Don't forget, this round of ADA has also formed a classic pattern of cup and handle + triangle, which has technical support.
$VANA : This wave has been quite stable, rebounding to the top along the rising channel, and is now consolidating near the middle line. As long as this middle line support holds, the overall bullish structure remains, and it will be fine to continue making higher lows. If it breaks below the middle line, it may retrace to the lower edge of the channel; in the short term, pay attention to the volume performance near the support level.
Remember, not all altcoins have opportunities; choose those with fundamentals, liquidity, and narratives. Don't be scared by short-term fluctuations, and don't let a momentary craze cloud your judgment.
The bull is still here, but bull market winners are never everyone! #山寨币突破
