Yesterday's CPI was favorable, and the former president supported Tesla, but the US stock market is still in a volatile state, and Bitcoin is also halted before the strong resistance at 85000, with market confidence still lacking. However, the fact that Bitcoin is not falling and is slowly rising is a good thing, giving time and space for altcoins to rebound. Some altcoins, like Pepe, have surged for two consecutive days, and Trump has suddenly gained momentum, indicating that the main funds are clearly positioning in the meme sector. Currently, both coins have reached the pressure level of the daily middle track, showing signs of bottoming out, and any pullback can be a key opportunity for accumulation.
From the four-hour chart of ENA, it is clearly in a range-bound volatile market. Right now, we are waiting to see if ENA at this position will continue to drop to new lows. Short-term trading can involve some high-selling and low-buying. If it creates new lows, ENA is still in a downward trend.
A V-shaped reversal in the short term is unlikely unless the US stock market makes a V-shaped recovery. News like Binance receiving a $2 billion investment from a sovereign state should typically be very positive, but BNB only saw a slight rise in the morning. Ethereum and Solana also have positive news related to ETFs, yet this has also failed to stimulate a rise in coin prices, indicating that current market confidence is still insufficient and will need some time to recover. We are in a consolidation phase, gradually building a bottom.
Currently, the position at 76606 is a new short-term low, but Sister Bei believes that the market confidence and trading volume are lacking, and we are still waiting for a second bottom to appear. A good opportunity to enter with a larger position will be after the market stops falling.
For those with heavy positions, it's still advisable to sell a part during a bounce and then buy in again on the second drop, practicing high-selling and low-buying. For those with light positions, boldly accumulate during dips. Currently, various indicators also need time to slowly recover and build a bottom. Properly managing positions allows for both entry and exit; if it falls below a new low again, short-term stop-losses should be implemented. From a long-term perspective, the bull market this year is still intact; we just need to patiently wait.