Market Analysis Today

The recent trend of ETH/BTC has basically followed our previous expectations. First, it adjusted the exchange rate to around 0.039 through a decline, and now it just needs one final push to reach 0.04.

Whether it can rise further depends on whether ETH can continue to press down on $BTC . As long as it drops less than BTC and rebounds faster than BTC, the 0.04 mark will eventually be conquered. For BTC, the short-term rebound pressure is around 120,000, but that big bearish candle from yesterday really hurt the market. Under normal circumstances, this kind of candlestick pattern can easily halt an upward trend. However, the situation is special now—ETH is just in tune with the market and its FOMO sentiment is pushing it, so this round of increase cannot be easily declared over.

The characteristic of $ETH is like this: although it also has a sharp drop, the rebound speed is even faster, which keeps investors reluctant to easily leave it. It's somewhat like BTC six months ago; at that time, it was also the main character in the spotlight. As long as the funds don't disperse, it's hard to say that the market has completely cooled off. Therefore, I believe it still has a chance to push towards the 4700-5000 range. If someone really wants to find an opportunity to buy the dip, 4300 is a good support level. If it holds, the risk-reward ratio will be relatively high.

I think $SOL is now riding the "Doomsday Chariot." Although it also has a shell supporting it, in my personal judgment, the core demand was fully released on the day TRUMP went live. If there isn’t a concentration of capital coming in again, it’s hard to see that kind of explosive power again. In this market, most altcoins yesterday were directly knocked back to their pre-liberation positions by a big bearish candle, and today during the rebound, the strength differentiation is particularly obvious—strong coins have a solid rebound, showing that there are still people watching; weak coins just lie still, with investors completely uninterested. Next comes the typical phase of “eliminate the weak and retain the strong.” It’s time to cut off what needs to be cut and transfer funds to those strong coins that have sustainability and can still attract attention, or support some potential coins at lower levels. This layout will be more stable.