Are BTC and ETH about to pull back?
So far, this wave feels somewhat familiar—very similar to March last year? When prices rise, everyone thinks they can fly, but if you don't run, it's like working hard for nothing.
Currently, Bitcoin has tested 116 twice, with weak rebounds and clear resistance at 118; it may dip to the 113-114 range this week. #ETH is similar, with 3800 seeming like a small peak; if it breaks, the next stop may be 3500-3600.
I'm not afraid of everyone FOMOing; I'm afraid that you chase aggressively when prices rise and fail to run during corrections, ultimately getting washed out. The bull market is the easiest time to lose money, precisely because of 'greed'.
The altcoin season continues: Don't forget about the rhythm of recovery and rotation.
This week, the rotation of altcoins is in full swing. #SOL, #Ray , #PEPE are all breaking through the neckline of the W-bottom, and an explosion is just a matter of time! Especially SOL, which soared to nearly 200 dollars yesterday; friends who were around 160 should have already profited! A pullback to 187-178 is a position to consider for phased layout, aiming for 220-250.
The DeFi sector is also unwilling to be lonely, with blue-chip coins like #UNI and #AAVE rising over 30% in a week, driven by continuous ETF inflows and rising expectations for the GENIUS act. Capital rotation is accelerating, with even DOGE and ADA experiencing some pullbacks.
Relatively speaking, RAY's performance is still weak; even if the project party invested 190 million, it hasn't made much of a splash, overshadowed by hot topics like BONK. But I'm still here, holding long at low positions.
Recently, the rotation of meme coins and AI themes is obvious, like #ANI returning to a market cap of 60 million; memecoins really emphasize emotional consensus. When at the center of the storm, you need to dare to charge; when no one is paying attention, it’s time to withdraw. Fast capital flow and controlling greed are the keys to survival.
My operational thinking is simple: chase hot spots and control positions. For example, my mindset exploded when hitting the key for ASP yesterday.
In a bull market, being restless can easily lead to missed opportunities; only those who can control their hands hold the truth.
Has ENA become the DeFi unicorn?
To be honest, the recent news about Ethena shocked me. The treasury company is set to spend 260 million on #ENA , and also wants to engage in the concept of publicly listed companies plus stablecoins. Is this aiming to be the 'Ethereum version of MicroStrategy'? To say the least, if this wave can truly materialize, ENA may become the core project of the stablecoin narrative.
The key is that in the coming weeks, buying 5 million ENA every day, with 360 million USD in locked positions plus cash, this strong buying logic directly elevates valuation, and the structure is similar to BTC's 'financial moat'. Plus, after the U.S. passed the GENIUS act, regulations have been set; compliant stablecoins can now take off!
Speaking of funds, I have to mention Sun Ge.
In the past week, 160,000 ETH flowed out of HTX to BN, amounting to about 500 million USD. Is he secretly reducing his position? Plus, he spent 28 million to buy a space ticket from Blue Origin, truly a 'cryptocurrency astronaut'. From 2021 to now, his ETH operations have been almost legendary—topping out, bottom fishing, and then topping out again. Is ETH also going to experience high-level fluctuations? It’s worth being cautious.
Summary:
Ethereum hasn't peaked yet, the market is still stable, and the main upward trend of the third wave hasn't ended. But the rhythm has changed, sector rotation is getting faster, and signs of fund outflow and cooling sentiment are starting to appear. The U.S. stock market is still key; if it holds, the crypto market still has room to play.
Don't let a wave of price increase cloud your judgment. It's okay to set ambushes at low positions, but chasing highs and selling lows should be avoided. We are already in the latter half of the third wave, and the key words for the upcoming operations are: 'steadiness', 'position control', 'no greed'.
Finally, I wish everyone can steadily profit in this wave of market and no longer experience roller coasters!
