Today, the market's focus remains on OKB, benefiting from the rapid development of the X chain and rumors pushing platform B towards a public chain transformation, avoiding securities risks. The hype around OKB has been extremely wild, reminiscent of the past BGB and HT. It can be seen that the entire B circle's landscape is already very different from that of 2021, and the logic of the bull market is also changing - it's no longer a broad-based surge, but rather opportunities arise when funds are focused. Currently, players heavily invested in altcoins may still be recovering their capital even with Ethereum close to its historical high, indicating that going with the trend and focusing on strong assets is key.
On the technical side, yesterday it was expected that Ethereum would pull back to 4200, and it has now rebounded to 4300, with short-term resistance at 4400. A breakthrough is needed to challenge 4550 or even the previous high of 4800, otherwise, it may retest the 4000 support again. LDO and ENA have performed well today after adjustments, and short-term opportunities can be considered. The volatility of altcoins remains intense; CFX fell back after a big rise yesterday, and short-term buying on dips is more stable than chasing highs. At this stage, Ethereum is still the preferred choice for stability.
Looking ahead, the September policy easing may bring in incremental funds, starting a new wave of altcoin bull market. The expected range for Ethereum in this bull market is 8000 to 10000. Before pushing for a new high, it is still necessary to build support around 4000, so a phase of pullback is inevitable. In terms of the overall market, Bitcoin is focusing on the 115000 support. The overall strategy is: go with the trend, focus on strong assets, and seek opportunities that have real logic and fund attention.