Good morning!

Market Review

In this round of the bull market, most retail investors are in hell mode. The market has fluctuated back and forth, and looking back, very few people have actually made money. In fact, there have only been two waves of real profits: the first wave was from bottom-fishing in October 2023 to March 2024, and the second wave was from September 2024 to January 2025. For the remaining time, it can only be said that profits and losses are proportional, and sometimes losses even dominate. So, is there still an opportunity ahead? My judgment is that this bull market will end in October this year, followed by the start of a bear market. During this process, there will definitely be a strong surge to break through the previous high. As long as you can seize this last wave of opportunity, the next few years will only require waiting for the next bull market. This increase has shown signs; all three times experienced a correction of around 30%.

Yesterday, Bitcoin reached a high of 93,888 and a low of 87,076, with an intraday fluctuation of 7.78%.

Ethereum reached a high of 1,778 and a low of 1,537, with an intraday fluctuation of 15.24%.

With the influence of Bitcoin and Ethereum, most of the spot market has rebounded.

Today's Market Analysis

The intraday market still shows a bullish trend. As Bitcoin continues to test the upper pressure levels, many trapped positions from earlier purchases are starting to break free, and it is normal for some to choose to sell. Therefore, chasing highs at this position is not very suitable. Ethereum has also returned to a normal state, unlike its previous weakness, which is partly related to the upcoming upgrade. Although most altcoins have gained some breathing room, attention should also be paid to Bitcoin's strong resistance at 96,000 and support at 92,000 before deciding to build positions.

Intraday Resistance and Support

BTC Resistance: 93,000/94,500 Support: 92,000/90,000

ETH Resistance: 1,800/1,860 Support: 1,750/1,700

Spot Recommendations and Analysis

The secondary market is coming, with sector rotation starting from the previous days' gaming sector, followed by DeFi, and it is highly likely to move into AI and RWA tracks next. Yesterday, fans were advised to position in AAVE, MKR, LPT, ENA, UNI, and LINK. For some new coins, I still prefer these older coins with market applications. These coins are all on the rise, so just continue to hold. However, at the current position, do not be too FOMO, and beware of pullbacks.

Intraday Focus: Hyper, Turbo, Pengu, LPT, Bio