Recently, the market has been quite dramatic.
#比特币 The daily level has reformed a golden cross, and the wedge consolidation has successfully broken through; the overall trend remains upward. However, the old rule applies—Bitcoin must pull, and altcoins must 'bleed', which may cause some short-term pain.
The surge from 112,000 to 122,000 is significant; a pullback to around 120,000 is normal, as the profits have already been realized.
It is important to note: U.S. stock market movements will also affect the crypto space; if the U.S. stock market forces a pullback, Bitcoin will likely follow suit.
Ethereum took off from 4100; the ironclad rule of the bull market remains unchanged.
Ethereum has broken through 4300, stepping onto a new level. The rhythm of the bull market that comes every four years has not changed; when prices are low, no one is interested, and when prices are high, everyone is chasing. History repeats itself time and again—1400 was ignored, and now at 4300, everyone is asking if it can pull back.
In a bull market, most people lose money, not because the market is bad, but because they don't understand it yet still want to profit, ultimately becoming fodder for the main players.
The current market is quite lively.
Tom Lee says ETH's target is 15,000; Saylor directly ignores Ethereum, boldly claiming Bitcoin will reach 10 million in the future.
And the weekend market also saw alternating pulls: Ethereum surged to 4350, then Bitcoin took over and broke 122,000, looking to hit an all-time high.
Altcoins took the opportunity to benefit, but there was no widespread surge; it remains a pattern where the leaders take the spotlight.
DeFi infrastructure has exploded, making ETH the biggest beneficiary.
ETH's strong startup is due to the stablecoin bill—this is like Shenzhen in the 1990s, as the era of major infrastructure has arrived. Stablecoins are the cornerstone of Ethereum, and once 30 trillion is on-chain, the valuation will expand exponentially.
In addition, the SBET treasury strategy has brought in traditional big names like Cathie Wood and Peter Thiel, with institutional funds pouring in wildly. Many traditional funds tend to 'follow the leaders', so ETH's strategic moves and the leader effect have directly ignited the market.
TVL returns to its peak; DeFi Summer is heating up.
On-chain TVL is quickly returning to the peak of DeFi Summer in 2021; SOL, ARB, Base, and SUI have long set new highs, but their influence is limited.
Once ETH's TVL returns to its peak, the influence will be tremendous. AAVE, ENA, and Pendle are surging fiercely, and BN combined with USDC has pushed stablecoin #APY to 12%, attracting funds at a rate comparable to a black hole, bringing in a large influx of outside capital.
Soon, you'll hear again about 'capital efficiency, composability, and flash loans', and naturally, the altcoin season will arrive.
This support line is worth paying attention to; XRP should not be underestimated!
ETH's market cap of 500 billion must be stabilized, not just as a round number, but as the entry ticket for state-level funds. In many states in the U.S., only crypto assets with a market cap over 500 billion will be included in public fund investment targets.
This means that 4000 may become ETH's long-term bottom price, and large funds will mindlessly support it. #XRP is also close to the 500 billion market cap threshold, and the backers will definitely not miss this opportunity.
Bitcoin and Ethereum are taking turns to perform; DeFi summer is already in the air. Next, it might truly be a golden phase of 'leaders performing while altcoins dance'.
Today's altcoins to watch:
$LISTA Good news is here! The community voted to destroy 200 million tokens, accounting for 20% of the total supply. As soon as the news broke, it directly led to a huge rally, and the signs of a rebound have appeared; consider entering at around 0.3.
#LTC The support and resistance levels are constantly rising, with a short-term target looking at the previous high around 138.
$PENGU We will wait for confirmation of a pullback to 0.036 before considering entry; the long position strategy will mainly rely on sideways fluctuations, with the first profit target set at 0.041.
Pay attention to tomorrow night's #CPI data; the market is cautious before the announcement, so consider buying on the dip $ENA and #ETH watch the 4150 neckline and 4000 support.
Let's wrap up the article here! If you still can't find your direction in the crypto space, why not join me? I’m waiting for you; otherwise, in the next wave of the market, you might find yourself on the wrong side.
