Bitcoin continues to fluctuate today, still within an adjustment cycle. However, the situation is not bad, and yesterday's point strategy remains effective. For now, we can temporarily focus more on Ethereum and altcoins.
Ethereum has broken through the strong resistance zone of 3500-3560, and the next pressure point is around 4000! Yesterday, it was mentioned that there is still room for altcoins to rise overall, and the actual trend is indeed such. This wave of Ethereum is really impressive, accelerating quickly, rising even faster than expected. The short-term bullish structure is strong, and normally it shouldn't soften for a while. To determine whether the trend is exhausting, we must amplify it to at least the daily level of continuous divergence. Additionally, since tomorrow and the day after are the weekend, which typically has lower liquidity on Wall Street, the trend will likely be dominated by slight fluctuations. This leaves a relatively safe time window for altcoins to perform, and I hope the altcoins this weekend can dance freely like before during the altcoin market surge, continuing to rise together!
Speaking of altcoins, since the beginning of the year, it has been a nightmare for crypto enthusiasts. Most of the time, prices have been falling rather than rising. Except for a few varieties, the vast majority of long-term holders have become a joke! Originally, according to our own expectations, the altcoin season would come, but the timing would be from August to October. The reason is that after September, there is a high probability of about two rate cuts, which will significantly enhance market liquidity. Additionally, with the rollout of stablecoins and RWA arrangements by Americans, the participation of traditional companies in the crypto market will continue to increase. The ample liquidity will push these opportunities to their peak, allowing a large influx of outsiders to re-enter the market and participate in trading! Finally, October is the final review time for many altcoin ETFs, and a significant proportion of varieties may be approved. The result of whether they pass or not is secondary; the key is that during this process before the final review, many sharp-sensed funds will layout early to grab a share, thereby boosting the collective premium of the entire market.
Looking at the current market, it seems that our anticipated timing may have been advanced. The catalyst is that various traditional companies are beginning to imitate MicroStrategy in accumulating Ethereum, Ripple, Solana, and some other coins, as well as the explosive growth of crypto concepts in U.S. stocks after the passing of stablecoin legislation. Regardless of whether they are aiming for stock price speculation or sincerely believe in the future potential of these accumulated coins, it has genuinely brought a wave of eyeballs and a liquidity double effect. After this market rehearsal, it is very likely to perfectly connect with our anticipated timing, thereby bringing the arrival of the altcoin season forward and extending it, providing the market and investors with more trading opportunities and profit effects!
Of course, if the market develops as we anticipate, we need to start being cautious again by mid to late September. The more explosive the market, the more we must guard against the sudden end of the trend. But that’s a story for another time. We will take it step by step, and eat our meals one bite at a time!
In summary, the long-anticipated big altcoin season may be just around the corner. As long as there are no black swan events or unexpected major crashes, and Bitcoin adjusts moderately, everything will be very promising. For traders like us who deal in spot trading, the subsequent strategy will shift from the previous cautious approach of constantly trading to a more patient holding strategy, appropriately enlarging stop-loss positions while defending key levels for the upcoming trades. Profits and losses originate from the same source; if the future market aligns roughly with our expectations, I believe it is completely acceptable to use more profit-taking to pursue greater returns. We are responsible for our judgments and pay for our understanding. Let's welcome the most profitable altcoin time that will appear!
Welcome everyone to follow the trades; overall returns are steadily climbing.
