8.18 Market Analysis:
After BTC broke new highs, many feared a collapse, but it stabilized after pulling back from 124000 to 117000, and is currently in a range-bound fluctuation with unclear direction.
For me, this kind of fluctuation seems more like an opportunity for sector rotation, and quality altcoins may catch up. The biggest risk in a bull market is missing out, and a pullback is the entry point; don’t fantasize about catching the absolute bottom.
On the ETH side, the daily chart shows reduced volume, a doji star, and a tug-of-war between bulls and bears, but the overall trend hasn't changed—this is just a minor episode before reaching 5000.
The altcoin situation looks at Ethereum; recently, we can pay attention to potential tokens in the ETH ecosystem, such as: OP, SSV, AVAX, etc., platform coins BNB, OKB, BGB, MEME sector PEPE, PENGU, DOGE, etc., and AI sector WLD......
For more analysis on potential tokens, follow Bamboo Leaf~