April 2, 2025
The recent market trend looks quite painful, especially for altcoins. Today, Bitcoin has rebounded somewhat, but for altcoins, it seems like they are being drained. Altcoins have collectively dropped, and overall, many coins have reached the bottom. Of course, many people no longer believe that the market will enter a bull market, nor do they believe in me. I am just firm in my belief that there will be a bull market in the first half of this year, and many coins are basically at the bottom now; the startup is actually quite fast.
Let’s talk about Bitcoin first.
Weekly level
The Bitcoin weekly cloud chart has currently reached the bottom and is starting to flatten. If this week closes with a bullish candle, it can basically be confirmed that the Bitcoin weekly chart will turn upward, leading to a gradual increase in the larger cycle. The weekly level takes a relatively long time to develop since it only forms one candlestick per week, so most people cannot withstand this level of consolidation.
Moreover, the trend line of Bitcoin since the peak in April 2021 has been retraced, making this trend line extremely effective and unlikely to be broken easily.
5-day line MACD
The 5-day line MACD is at the zero axis, and the market will gradually welcome a large-scale rise. Generally speaking, indicators at the larger cycle level are quite accurate.
The 2-day line Vegas tunnel has confirmed three times on the retracement.
The Vegas tunnel has confirmed three times on the retracement without breaking, mirroring the trend in 2024. However, the adjustment period in 2024 is relatively long, but this adjustment period will not last that long. It has already retraced three times without effectively breaking the 2-day line of the Vegas tunnel, so the support at this position is valid.
Bitcoin daily chart pattern
Currently, the daily chart is close to the bottom and is building a base. Therefore, as long as the daily chart reaches the bottom, it may drive the weekly cloud chart to turn upward, which will basically trigger an overall rise.
In summary, the overall trend of Bitcoin has completed the stage of building a base, and the consolidation before the startup will cause most people to cut losses and leave the market. At least from my personal community's perspective, this is the case.
Let's take another look at Ethereum.
ETH Weekly
The Ethereum weekly has completely reached the bottom, and it seems that the gradual startup will happen in the next week or two. Once the bottom of the larger cycle is established, it will happen relatively quickly.
Similarly, the trend line of Ethereum's weekly level has not been broken and remains an effective support. As long as this position is not broken, subsequent altcoins can also rise.
The Ethereum daily level has completed the base building, so the rise in the Ethereum daily level will also be quick. Please be patient and wait.
The cryptocurrency world is a place where only 1% of people make money. Even though most understand this principle, everyone is vying to be that 1%. However, the final result is often unsatisfactory. The process of forging steel is arduous; only by continuously refining oneself can one succeed.
Finally, this article is an original work. Please do not copy and paste it as your own.