💥💥💥Fans are asking me if it's still a good time to buy the dip. Here's my analysis:
Recently, institutions have been aggressively buying ETH, with over $200 million flowing in, indicating that the $4000 - $4200 (ETH) and SOL corresponding range has reached a "margin of safety"; large capital entering the market will drive market sentiment, and if a "breakout signal" occurs, retail investors will follow suit, accelerating the price increase.
$ETH : Reached the weekly support zone of $4000 - $4200
1. In historical trends, this range has successfully "resisted declines" three times, with each bottoming out followed by a 10% - 20% rebound.
2. The current price is close to support, and trading volume is increasing (driven by institutional buying), so the downside is limited.
$SOL : The trend is stronger than ETH, primarily due to **"demand for catch-up + market maker speculation"
1. In previous waves, SOL did not independently explode, accumulating a large amount of "unrealized expectations", thus there is significant room for catch-up.
2. Market makers are continuously monitoring, and with "ETF expectations + sector rotation", there is a high likelihood of an independent market movement.
This week's Federal Reserve meeting minutes did not disrupt the "rate cut expectations", and the market's concerns about a "policy black swan" did not materialize, allowing capital to be allocated with confidence. Next month's rate cut expectations remain, and the crypto market will continue to benefit. After the long positions are washed out, the selling pressure has significantly eased, making it easier for new capital to push prices up.
It is recommended to gradually build positions to buy the dip in ETH and SOL.
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