Refer to the rainbow chart indicators of $BTC and $ETH

The rainbow chart is a tool that reflects market sentiment through color bands, allowing for an intuitive assessment of whether Bitcoin and Ethereum are undervalued, fairly valued, or overvalued.

Bitcoin is currently in the yellow band, indicating that it is suitable to continue holding. The last bull market peaked at the second red band, and this round, following the principle of diminishing marginal returns, the peak is likely in the third orange band, with an expected price range of 150,000 to 230,000 in mid to late October. The current high point of 124,500 is unlikely to be the endpoint; looking at the rainbow chart, the probability of a double top is also low. I maintain a conservative view that around 150,000 should be about right.

Ethereum is also in the yellow band, and its position is higher than Bitcoin, already approaching the top, which usually signals the start of altcoin season. Referring to the previous two rounds, its peak is likely to also be in the third band, with a range around 7,000 in mid to late October; conservatively, this might be the peak of this round. However, adhering to the principle of not selling at the highest point, I will start to exit above 6,000.

The advantage of the rainbow chart is its intuitiveness, but it is based on historical data and serves more as a reference signal rather than a decision-making basis.