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From the current BTC weekly trend, it is already approaching a phase high. Even if the market trend is relatively ideal, it will likely only result in a high-level sideways consolidation like at the end of 2023. In other words, prices may fluctuate back and forth within a relatively high range, allowing the market to digest emotions in this way, giving technical indicators a break from the 'overbought' state before potentially starting the next round of increases. The previously mentioned expectations of rising to 150,000 or 180,000 in June may need to be pushed back. More in line with the market rhythm is that Bitcoin will enter a roughly two-month adjustment or consolidation phase in June and July, with real upward movement likely waiting until September or October. That period may also mark the peak of this round of the market, and once it reaches the top, there may be a subsequent high-level selling phase lasting about a month. In other words, before the weekly level turns strong and rises again, there won't be many opportunities to make money in the overall market. As for the daily level, it's even harder to judge now. If it truly follows a sideways consolidation path, there may be several 'surge' events in the short term that mislead people into thinking a breakout is imminent, but in fact, these might be traps. These rises could just be attempts to lure in more buyers, and if you're not careful and jump in, you might get trapped. When the market genuinely starts to decline, there could be a significant correction that breaks through the current consolidation 'bottom,' creating a technical pattern similar to an 'M top' that lures out short positions, potentially representing the only clear trend 'bottom-fishing' opportunity in this round of market activity. However, this decline is not an unexpected 'black swan,' but a normal market adjustment and the biggest certain bottom-fishing opportunity.
Ethereum is about to hit a new high! Three major cryptocurrencies will surge 100 times!
UNI
The performance during this period can be said to be better than 90% of the altcoins in the market. Many of the other 90% often create new lows when Bitcoin pulls back, while we can clearly see that UNI has capital protecting it, just as I mentioned in the strategy I provided.
The next market trend will likely favor valuable coins with practical applications, and HYPE has already set a good precedent. Therefore, the upcoming market is unlikely to continuously hype MEME coins like before. I have a certain insight when it comes to selecting valuable coins.
AAVE
In a bull market, borrowing is a necessity. The logic is that people are reluctant to sell their coins, so they will stake and borrow stablecoins to do other things. The strong trend of AAVE also indicates that the bull market is still ongoing. The current price is 258, which still has 2.5 times the space to the peak of the previous bull market.
In this bull market, AAVE breaking new highs is almost indisputable. Whether it’s the project’s development or AAVE's monopoly in the DeFi lending market, breaking new highs is essential. This means if you seek a 2-3 times return, just buy AAVE. As long as AAVE doesn’t crash, the bull market isn’t over.
XMR
First is the ecosystem. Monero solves the issue of anonymity and privacy, but its ecosystem is clearly not as strong as ETH and BTC. How to solve this? Atomic swaps are here. XMR will have atomic swaps with BTC and ETH, addressing the last mile of balancing ecology and privacy. It also resolves the legal issue of exchanges not allowing direct Monero to fiat transactions.
Additionally, the RandomX algorithm resists ASIC and GPU mining. Wallet apps come with built-in mining to encourage personal PCs to contribute idle CPUs, which is environmentally friendly and unwaveringly decentralized. Therefore, Monero is a belief, a lifeline in asset allocation.
