The 'third quarter market' that has been hotly discussed in the market this year is accelerating its realization.
Bitcoin BTC: After a month of consolidation, it has not retraced as some expected, but instead broke through the bullish flag, soaring to $122,000, just one step away from the historical high. The bullish pattern remains dominant, and the short-term upward momentum is very strong, although technical indicators show that momentum is being consumed—if RSI breaks above 85.21 again, it may open up space for a new round of attacks. At the current pace, $130,000 seems just a matter of time.
Ethereum ETH: The recent performance has also been impressive, soaring from $3,350 to $4,350, a cumulative increase of nearly 1,000 points—first ETH took the lead, and then BTC followed. In the short term, if BTC can maintain the $120,000 level this week, the probability of hitting a historical high will significantly increase; ETH, after breaking through $4,300, is expected to further test the $4,400-$4,450 range.
From a technical perspective, the key support level for BTC is in the $118,000-$120,000 range, while ETH focuses on the $4,000-$4,150 support— as long as these levels are not lost, the momentum for an upward attack still exists.
So, how should altcoins be chosen next?
On-chain hotspots: focus on tracking high-heat sectors like Meme and AI
Centralized exchange (CEX) opportunities: pay attention to DeFi ecology, new coin projects, and Alpha-type topics
It is important to note that when the overall altcoin market is weak, consider whether to switch to stronger targets. Although there will be a sentiment for catch-up, if BTC and ETH experience a pullback, altcoins often come under pressure in advance.
The SOL chain has recently experienced intense fluctuations, providing a lot of excitement; meanwhile, the rhythm of the BNB chain focuses more on stability—in two words, it can be summarized as 'system.' Betting on the system is basically betting on its resources, community, and operational methods, such as:
$u series: opened low and rose high, driven by community and capital
$bmp series: ample funds, discreet pumping rhythm
$tag / $more: emerging institutions layout ecology, with clear expansion intentions
In simple terms, SOL focuses on speed and excitement, while BNB chain takes a more stable route.
Back to the altcoin market, today we focus on two popular cryptocurrencies:
$PEPE: A clear double bottom pattern has formed on the 4-hour chart, currently challenging the key resistance at $0.00001250. If it can successfully turn into support, the price is likely to continue to test the $0.00001350~$0.00001450 range. However, caution is needed; if the price falls below $0.00001212 (EMA 9), it will face the risk of breaking the upward trend line, and at that time, $0.00001104 (SMA 50) will become the next important support, further testing the validity of the bullish trend.
#AAVE: The overall trend is stable, forming a clear V-shaped rebound, and is approaching key resistance. Once it breaks through, there is a high chance of returning to $380, and the likelihood of continued upward movement remains high.
Advice: Overall, these few coins have not seen explosive rises, but their trends are solid and steadily increasing. In terms of operation, avoid blindly chasing highs or casually shorting; the trend has not yet completed.
Spot strategy: preferentially select cryptocurrencies with good fundamentals and trends, set stop-losses, and respond flexibly to pullbacks
Mindset advice: seize opportunities when the market is hot, but also know when to be aggressive and when to hold back, achieving a balance between offense and defense.