Bitcoin has finally stabilized around 116,000 after continuous adjustments over the weekend.
From the current market structure, this wave of the bull market is far from over, 120,000 is definitely not the endpoint, there should be another surge around August or September, and reaching 140,000 is not a fantasy.
And everyone has seen ETH's strength, with 8 consecutive days of gains directly lifting the entire market. To be honest, there isn’t any major positive news, it's purely the result of continuous funds entering the market treating it as a stock. For retail investors, the most worthwhile focus now is on the ecological opportunities around ETH.
ETH is surging, and altcoins are also starting to recover gradually.
I have always emphasized that buying the dips and accumulating small coins at low positions has finally entered the harvesting stage. From the current rhythm, September is expected to welcome a phase high, followed by an adjustment, and then we will analyze the year-end market.
Something like $SOL has already started to take over, after ETH rises, it rotates, continue holding. This wave initially targets 185-194, the short-term logic is very clear. Even 200 may not be the endpoint.
PEPE is leading the charge, Doge has also broken through, the altcoins have fully started!
Last night ETH continued to surge, the market danced collectively, #PEPE directly skyrocketing, I couldn't help but chase again. $DOGE also performed beautifully, already surpassing the previous high, daily W bottom, aiming for 0.35 first. I believe PEPE can keep up as well.
#PENGU is directly taking off, there really isn’t much pressure at the top, it might really spike to 0.04, which has left me stunned.
We don't bet on emotions, we only trust the candlesticks. This wave of the zoo three brothers has all risen over 10%+, you can lock in half the profits first and hold the rest to see how it performs.
The hardest part now is not judging whether a coin is good or not, but whether you dare to take a position. The anxiety period of the altcoin bull has already arrived, everyone is jumping between 'missing out → chasing up → selling too early → regretting', no one can be precise forever, but as long as the direction is right and you hold on, that's victory.
Breaking news: What is the situation with the stablecoin bill?
To be honest, I don't really understand what's going on, but the market actually surged because of this old news from the 10th... Sometimes too much information makes it hard to take action. For example, #ASP, all the details have been updated, there’s a session at Metaera in the afternoon and another at Buidkey in the evening, limited trading for the first 15 minutes of the whitelist.
Finally, here are a few altcoin strategies:
#LTC : Chased a wave yesterday, currently the daily line is directly hitting the supply zone, rising from 80 to 105 with strong momentum, if it stabilizes above 125, it may open a new channel from 150 to 200.
#DGB : The DGB we are watching has started to gain momentum, after consolidating for a while, it has finally surged strongly, obviously with funds entering the market. As long as it doesn't fall below the support level, we can continue to be bullish, the key is whether there will be a volume breakout next, which would basically confirm a shift in momentum to the upside.
$YGG : Currently a standard descending triangle, support has been verified multiple times, and in the short term, it has dropped to the AB=CD symmetrical position, which is a good spot to try a small position, stop loss at 0.1686. The fact that there was no further drop after the historical surge indicates that the pressure is weakening; if it forms an ascending triangle and breaks through, it is expected to reach around 1.65. If a pullback occurs near the previous high of 0.82, it may evolve into a complex head-and-shoulders bottom structure, continuing to be bullish.
#BMP: NFT + Memecoin combined token, originally a Punk-like NFT minted for free on the ETH chain, later migrated to BSC, completely decentralized. Estimated cost exceeds 5 million, currently almost free. I still hold 3000 of them, observing in the long term.
This project is hard to ignore; currently, it depends on whether there is a stronger platform to push it, such as launching on Alpha or starting spot trading, it might just become the next Cheems.
The hardest part of a bull market is believing that it is still rising, but not blindly going all in.
As long as the direction is right and you endure the pullbacks, the rebounds will naturally belong to you. Missing out is not scary; you can continue to look for the coins that can double. The key is not to lose your rhythm.
I will continue to be a diligent bull in the market, and I hope you also don't let emotions disrupt your rhythm, hold on to your share of the profits steadily in a bull market.
The article ends here! If you are confused in the crypto world, consider collaborating with me to layout and harvest from the market makers!
