2025.7.24 Market Analysis
Market trend
BTC is down, altcoins are crashing, and the market is expected to consolidate for a long time, needing to digest profit-taking. The turning point is around August 14; during unfavorable market conditions, minimize trading and avoid speculation. Earn more during good times and minimize losses during bad times.
Continue to accumulate ETH; I've already bought a batch at 3550. In the future, as long as it declines, I will gradually increase my holdings. Time is still on our side; in cash trading, time is crucial, so be patient.
The market rhythm is very fast; everyone has felt it during this wave. The surge happened in just one month, very quickly. If your thinking changes just a step slower and you can't keep up, entering later will lead to being trapped. On July 22, a key reminder was given; later, the previously sold positions should be re-entered. This operation allows for a zero-cost position.
Every subsequent pullback is a buying opportunity to welcome the next surge. The market won't give you much time; many altcoins will also surge when market liquidity is good. For worthless altcoins, it is crucial to liquidate during the surge and transfer positions to ETH.
US stocks are rising collectively, with reduced tariff and trade risks, and external risks have been eliminated. A bull market in the A-share market is also approaching soon. The 'golden September and silver October' will see collective market gains.
Market hotspots:
1. The public chain ETH is declining; 4000 is a strong resistance level similar to BTC's 100000, needing long-term circulation. Major holders like Sun Yuchen are gradually offloading, and over $2 billion worth of ETH will be unlocked for sale in the coming week.
2. ETH chain DeFi's SPK reaches a new high, forcing short positions with a shorting rate of -1%. SPK is the mining coin for MakerDAO's lending business. The Zora social platform on the Base chain has reached a new high, with a 7-fold increase from its bottom.
3. New coins like Sahara and Era are rising; Sahara is AI infrastructure. The rotation to well-structured new coins usually indicates that the market trend is nearing its end.
