Market Analysis

Ethereum just retraced a bit below 3400 and continued to rise; I woke up in the morning to see it surge to 4600. I cleared my position around 4000, and I don't regret it because I've been buying Sol. It's obvious that altcoins continue to be stagnant. Ethereum's movement is similar to the independent market trend of Bitcoin during the Spring Festival. We can see that Bitcoin is still quite weak, and it's clear that the funds from the market makers are only enough to push one. Bitcoin is in a high-level distribution phase. I predict that the next cryptocurrency to follow a similar independent trend is Sol. No need to doubt me; my judgments have never been wrong. There may be two scenarios in the market ahead:

1. Ethereum will surge to 5500, while Bitcoin continues to hover around 120,000, then retract to 4000, and subsequently, Bitcoin will make a strong push to 150,000.

2. Ethereum rises to around 5000, taking Bitcoin back to 4000, with Sol dropping to around 150, and then all three cryptocurrencies will start a major bull run.

I firmly believe that meme coins are always the last wave of harvesting in the market. If you are a market maker or institution, after the hype of Bitcoin and Ethereum is complete, but the bull market hasn't ended, which cryptocurrency would you choose as the third one? Personally, I think Sol has a slightly higher chance. Coins like Ripple, ADA, and Dogecoin are strongly controlled by market makers, and retail participation can only lead to single-coin harvesting. However, Sol at least has a meme market, allowing institutions and market makers to achieve dual harvesting. You must play with the coins that retail investors participate in the most; then the game becomes simple: it all comes down to who runs faster in the end.

Free analysis of cryptocurrencies can be sent to the comment section.