The market has been interesting recently, Bitcoin is consolidating at a high, Ethereum is leading the charge, altcoins are starting to rotate, and the overall market is brewing a new wave of opportunities. Let's discuss in several parts:
1. Bitcoin: Taking a breather after hitting a historic high.
Price: A few days ago it broke 123,000 new high, but was brought down by U.S. inflation data (CPI 2.7%), now fluctuating between 116,000 and 125,000.
Future market: Short-term support at 116,000. If it stabilizes above 120,000, the next target is 130,000 to 150,000.
Bitcoin now is like a charging old bull, after resting enough it might continue to charge!
2. Ethereum: The big brother lifts the little brother.
Price: Broke 3600 USD, recently due to ETF funds coming in (over 700 million USD in a week), almost reached 3700 USD.
Reasons for the rise:
Upgrade benefits (more efficient staking, currently locked 35.4 million ETH).
Layer2 (like Base, Arbitrum) is booming, handling 90% of Ethereum transactions.
Can it still rise: If it breaks 3700, the next target is 4000 USD!
ETH is the barometer for the little brothers; if it is strong, altcoins will thrive!
3. Altcoins: Rotation has begun!
$SOL : Trading volume exploded, stablecoin market cap exceeded 10 billion USD, and spot ETF might be approved this year.
Meme coins: $DOGE and $XRP suddenly rebounded, and Base chain's DEGEN also followed the trend and increased.
Total DeFi locked value is 151.5 billion USD.
Bitcoin is stable, capital is moving towards altcoins, but don't rush blindly, choose wisely!
Current strategy
Bitcoin: You can buy in batches around 117,000, and add more if it breaks 120,000.
Ethereum: Focus on key ecosystem projects (Layer2, re-staking) that might yield profits.
Altcoins:
