Bitcoin hit its largest weekly increase since Trump's election this week, performing strongly with a 12% rise, going from $84,272 on the 21st to a peak of $95,758 on the 25th. The increase outperformed the US stock market. This week, besides Bitcoin, TRUMP also rose from $8.2 to a high of $16.1, due to TRUMP inviting the top 220 whale holders for a dinner, with Trump expected to attend as a guest. SUI also surged from $2.08 to a high of $3.81, with an overall increase of over 83%, marking a new high since February. WLD rose from $0.75 to a current high of $1.199. Dogecoin reached a high of $0.193. The cryptocurrency market is experiencing a warming trend; is this the return of the bull?

The overall trend of Bitcoin is still in an upward pattern. In fact, the bull and bear markets in the cryptocurrency space refer primarily to Bitcoin. In this round of the bull market, Bitcoin's performance has still been satisfactory, having once approached a high of nearly $110,000. As long as Bitcoin does not crash, it does not mean that a bear market is coming. Therefore, I believe this is a normal rebound, and the bull market is far from over.

Analysis of Bitcoin's trend

From the technical perspective of Bitcoin, the BTC weekly K-cycle chart shows that the market is still in an upward trend. The current market is in the extended wave 7 upward phase, with three consecutive weeks of bullish candles, indicating strong buying signals from the bulls. The KDJ, MACD, and RSI indicators have formed a golden cross, creating a resonance of bullish signals, suggesting that the market has a relatively optimistic outlook for the future. The market is expected to return above $100,000, with a high probability of breaking new highs.

Seize the current opportunity

Bitcoin's initial counterattack, combined with the strong surge of some altcoins, potentially indicates that another major outbreak is imminent. Currently, the overall cryptocurrency market is not very active, which I believe is mainly due to two reasons:

1. When Bitcoin reached its historical high of $109,588 in January this year, many altcoins also hit their peaks in this bull market, leading many to blindly chase higher prices and get caught at the top without funds to buy at the bottom.

2. The market has just started to warm up, and investors believe it is another market trap, so they are hesitant to enter blindly. However, I think that regardless of whether this is a bull's return, it is another opportunity to buy at the bottom and escape. I hope that many cryptocurrency friends can seize this opportunity. After recovering their investments, they should choose the right time to exit. If they are deeply in the red, they can choose an appropriate time to add positions to lower their average cost for recovery. If you are unsure about when to add positions, feel free to follow the official account with the same name for analysis and advice.

What potential coins can be laid out?

1. DOGE

Dogecoin is the king of altcoins, the meme leader, and holds a very important position in the cryptocurrency market, with high consensus, an appealing and memorable name, a high increase, and support from Musk, making it very popular among investors. It performed well in this bull market, with many investors believing Dogecoin could reach $1. At the very least, breaking the previous high of $0.73 seemed feasible. However, reality dealt a harsh blow to investors, as it fell deeply after reaching $0.48, dropping to a low of $0.1298 during the major correction on April 7. With a rebound to $0.193 this week, I believe now is a good time to enter Dogecoin. If Bitcoin can stabilize around $100,000, Dogecoin has a chance to return to around $0.3 in May.

2. BNB

BNB is one of the largest cryptocurrency exchange platforms globally, specifically the platform token for Binance, with a total issuance of 200 million coins, and it is guaranteed never to be increased. The value behind BNB is its ability to offer discounts on trading fees on the Binance platform. As the saying goes, 'It is good to take shelter under a big tree.' In this bull market, BNB rose to a maximum of $793 and has currently retraced to around $600. If Bitcoin returns to $100,000 or even hits new highs, BNB has the potential to challenge $700, or even higher. Of course, choosing the right time to enter is more important, as it can yield higher profits and lower risks!

3. EOS

I believe EOS still has great potential and space. EOS is one of the established mainstream coins that has been around since 2017. There were online discussions suggesting a target of $500 after completing three waves, which is a bit exaggerated. However, after the announcement of its rebranding and change of track on March 19, EOS was instantly lifted to a high of $0.69, and after a pullback, it surged to $0.88. One could say that this wave of altcoin surges was initially driven by EOS. EOS completed its rebranding and change of track in May, transitioning to a project in the DeFi sector to engage in financial business. With its strong popularity and mechanism, I expect EOS to experience another wave of explosive growth after the rebranding.

If you want to learn more about cryptocurrency market analysis and first-hand information, including mid to long-term doubling strategies and short-term swing operations, as well as precise contract point analysis, feel free to follow me for detailed discussions. Proudly navigating Crypto, committed to being a warm and skilled cryptocurrency market blogger!