At this point in the market, are you anxious? The current market is still dominated by ETH, with BTC being quite weak.

#ETH: Received EMA200 support around 4560 – 4570, currently stabilizing above 4580, showing a strong trend. The red horizontal line (4569) has been tested multiple times without breaking, indicating strong short-term support here. Although MACD is still oscillating below the zero line, the fast and slow lines are gradually converging, showing signs of a golden cross, and bearish momentum is clearly weakening.

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#BTC: Bitcoin is much weaker, with a weekly death cross, and the trend is genuinely lackluster. But as long as it can stabilize above 112, it might push up to 118-122! Don't be misled by the current weakness; BTC could turn around at any time.

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#SOL: I still think it is the most promising. If it weren't for BTC dragging it down, it would probably have reached new highs by now. Around 210 is a strong level; you can sell part of it first and wait for a pullback to re-enter.

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As for others, mainly the major altcoins you hold, small coins typically have a wave of benefits and then leave. Next, the positions will shrink more and more; I will get on board when next year's bear market truly creates a 'golden pit.'

The market is acting up again.

Yesterday, $NMR soared 140% after news of receiving $500 million support from a hedge fund. It sounds impressive, but this project is old news, the overhead supply is huge, and real funds haven't come in yet; in other words, it's somewhat 'drawing a big pie.'

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I suggest: Don't chase, instead, if you need to run, run. Once the heat passes, it'll drop back.

Recently, there are always concerns about whether the bull market has ended.

This wave of market can actually be viewed in three segments:

  1. ETF market (early 2024)
    BTC spot ETF approved, with off-market funds pouring in, leading to a significant surge. However, funds mainly flowed into BTC, with limited ripple effects. Later, BTC weakened, and the market adjusted.

  2. Trump market (mid-2024)
    Because Trump is pro-crypto, appointed a new SEC chairman, and called for accumulating BTC, a new round of increases was triggered. However, the narrative still revolves around BTC, with ETH and BNB not keeping up, and only SOL saw a small surge due to meme popularity. As a result, Trump imposed tariffs, causing the market to cool down again.

  3. Policy opening market (late 2024)
    The beautiful country did not impose overly aggressive tariffs but instead increased openness to crypto, with ETF staking paths gradually becoming clearer. Some companies began strategic reserves of ETH, BNB, SOL, and even OKB, leveraging their listings and public chain concepts.

So, although the overall market has corrected in the past few months, the stability of BTC, ETH, BNB, SOL, and OKB is still strong, supported by strategic reserve companies, and there's no large-scale dumping. The ones selling off now are mainly retail investors, not institutions.

Don't forget the big environment.

This drop is essentially due to the market being overly pessimistic about 'September interest rate cuts' and 'economic recession in the beautiful country.' There hasn't been a large-scale crash in U.S. stocks, with VIX around 15, still far from the panic threshold of 30. As long as U.S. stocks don't panic, BTC won't completely collapse.

Conclusion

This round of market, to put it bluntly, is an atypical bull market. The few that can repeatedly rise are just those.

  • BTC, ETH: Compliant cryptocurrencies, with continuous inflow of external funds.

  • BNB, SOL, OKB: Strategic reserves + concept endorsement, not easy to fall into a bear market.

  • Other altcoins: Most have not entered a bull market from beginning to end, don't hold onto fantasies.

In other words, the market isn't dead yet, but it is in a phase where institutions are picking stocks and funds are selecting the best. Don't mess with small-cap coins; focus on the leaders to have opportunities.

Market waves come one after another, going solo makes it easy to get lost.

If you want to seize the next doubling opportunity, feel free to + join my circle, and communicate with a group of old friends to bottom out together! Let's avoid detours and outperform the next bull market!