May 22 Market Analysis: Today we won’t do extensive technical analysis of the market; instead, I will share my bullish and bearish views from two perspectives.
First, from a rational perspective, looking at the market, since we have broken through new highs and the rally is very decisive, the willingness for the market to continue climbing is certain. After all, looking back at past bull markets, once the market breaks through historical highs, it marks the beginning of the main upward wave's exuberance. It has been a long time since the market has felt this way; without extreme exuberance, how could there be tragic stories in the future? As the ancients said: Excessive joy leads to sorrow. Only by having experienced it can one stimulate greed in people. Therefore, from the market perspective, the alternating cooperation of Bitcoin and Ethereum, along with the indicators showing that something big is coming.
Secondly, from an emotional perspective, let’s observe that the altcoin season we desire hasn’t arrived yet; Bitcoin is still in a solo party. Some sectors have performed well, but let’s not forget how much they have dropped before; perhaps they will never return! Everyone is anticipating Ethereum to lead the altcoins to rise collectively, but we must understand what leadership means. It can drive sentiment, but a price rally requires capital. Is there that much external capital? Even if there is, the external retail investors have already been trapped; those coming in now are smart money with high awareness. Therefore, the rise of altcoins is temporary, but the pullback is collective. The lack of market liquidity may lead to the “death” of some altcoins. Long believes that when the market rises too much and becomes weak, there may be another pullback.
Thus, I have also loudly called for $384,629,300,198,000, as I believe #eth will ultimately improve. After all, aside from the consensus of $78,958,357,519, it is just ETH. In fact, the construction and ecology of the Ethereum network have always been stable; its market and timing just haven’t arrived yet. But who can provide liquidity for the altcoin market? It’s just an empty shell; the market’s liquidity attack on altcoins depletes quickly. Therefore, it’s important to choose wisely.
Summary: Under long-term faith, I will be a bit more cautious in my operations. This market is no longer a time when ordinary diamond hands can make money. Being aware of risks is my current subjective operation.