Have you gone out on a date for Qixi Festival? Leave me, a lonely little cat, to type away!
ETH has been moving sideways recently, with the market overshadowed by the 'death cross' of BTC on the weekly chart.
My judgment hasn’t changed: 4300 is the short-term bottom; the range of 4300–4400 can be considered for accumulating positions. In a sideways market, the core idea to profit is—open positions when it’s low, don’t be greedy.
As for when ETH will take off? That might have to wait until next week, until the market digests the 'death cross panic report.'
Looking again at #BTC, although the intraday support has broken, the larger range of 108–112k is still there. The overall logic hasn’t changed; it's still about waiting for a rebound to challenge 114–116k.
ETH dropped a bit sharper than BTC today, breaking through 4420–4460 and even dipping to 4300, which is the previous support level. The key is whether 4300 can hold; if it does, we can still look for a rebound. Last time it shot from 4000–4200 to a new high in two or three days, that was a major bull trend. But this time, bouncing from 4300 to 4600 and then dropping back shows it’s clearly weaker.
Next, keep an eye on whether 4300 can stabilize; if it holds, there’s still a chance to look at 4800–5000.
This round of the market is quite interesting; while Bitcoin and Ethereum have dropped sharply, altcoins have dropped lightly. The reason is simple: poor liquidity. They didn’t rise much when the market was up, so they naturally resist the drop.
In other words, many altcoins have become good buying opportunities now. SOL remains strong, and JTO, as a SOL-based currency, has held up as well.
DOGE hasn't risen sharply, but it hasn't fallen deeply either; WLD belongs to the AI sector, and it's been quiet recently, but this position is actually a good time to lay low—maybe one day a doubling coin will pop up.
In the mainstream, SOL shines the brightest; this wave of capital rotation hasn't gone off track—after BTC and ETH, the next in line is SOL. If it weren't for Bitcoin dragging it down, SOL would probably have reached a new high already.
So the question arises, who will be the next mainstream rotation?
As for DOGE, I've held onto it for a long time; it was basically in the same batch of attention as SOL, and my target has never changed—I've always been looking around 0.4.
(Those who can't hold should exit, but don't have malice towards it; it hasn't broken 0.2 yet—does that count as a drop?)
But to be honest, I still think DOGE reaching 1 dollar is not unreasonable; it's just a matter of time.
Musk is still calling the shots; if Tesla really accepts DOGE payments or if the X platform adds a tipping feature, it could take off directly.
Grayscale has applied for a DOGE ETF, and the probability of it being approved in 2025 is not low.
If Musk really pushes for a 'beautiful party,' DOGE will undoubtedly be brought to the stage.
Most importantly, the essence of Crypto is a casino; the MEME frenzy will never be absent.
You may not believe it, but don't forget—the story is the fuel for the market, and DOGE has never lacked stories.
Currently, multiple popular public chains and established cryptocurrencies' ETF progress has been revealed!
The upcoming ETF approval rhythm may also be the key to the next wave of the market!
I'll stop the article here! If you're still unclear about the direction in the crypto space, why not layout a strategy with me? Waiting for you, otherwise in the next wave of the market, you might end up on the other side.
