Bitcoin's trend is healthy, with high-level consolidation adjustment
The weekly closing shows that Bitcoin's recent trend has been stable, with a short upper shadow indicating limited selling pressure at the top. After two consecutive weeks of substantial gains, the market has a demand for retracement, which is a normal performance in the upward process. The current focus is on the support opportunity in the $85,000 to $86,000 range.
Retracement strategy: If the price pulls back to around $85,000, it is a good opportunity for short-term layout. Further decline to the $82,000 to $83,000 range can be used as a second buy-in point.
Upward trend: Although the possibility of Bitcoin hitting $100,000 exists, the probability of reaching it in the short term is relatively low. The current market is more inclined to consolidate through retracement to form a healthier upward momentum.
Ethereum: relatively weak, but with obvious catch-up potential
Compared to Bitcoin, Ethereum's performance is relatively weak, mainly affected by the following factors:
Layer 2 track capital outflow: Layer 2 solutions have attracted some liquidity.
Emerging competing chains: Projects such as SOL, TRON, and SUI have attracted some market attention.
Currently, Ethereum is supported around $3,000, but if Bitcoin retraces to the $85,000 area, ETH may synchronously pull back to the $2,800 to $3,000 range, which is a more cost-effective buying opportunity.
Short-term strategy recommendation:
Gradually increase positions at $3,000 or below.
Maintain a moderate defensive position, avoid being overly aggressive, and wait for the market to confirm the bottom formation.
The Altcoin market is starting to warm up
Recently, classic Altcoins such as XRP, ADA, ETC, and LTC have gradually strengthened, indicating that the Altcoin season may be coming. Accompanied by the rise of Bitcoin, the overall linkage of Altcoins has strengthened, and it is expected that the widespread rise of Altcoins will be more obvious after Bitcoin encounters resistance in reaching new highs.
It is worth noting that:
The Bitcoin market cap ratio is expected to gradually decline as Altcoins rise.
The current Altcoin market is still dominated by layout, and it is recommended to patiently wait for the capital rotation effect to emerge in the bull market continuation stage.
Short-term observation and opportunities
Daytime market: Daytime market opportunities may be more scattered, focusing on the short-term opportunities of hot sector projects, such as the linkage performance of the SOL and DOT ecosystem projects.
Reversal expectation: The key point this week is the market reaction after the US stock market opens, paying attention to whether the low supply characteristics can be confirmed. If trading volume remains sluggish, this will be part of a healthy adjustment.
Summary and outlook
Bitcoin's current trend shows high-level oscillation, which is a healthy post-upward adjustment pattern, and the probability of continuing to attack the $100,000 target is high. For Ethereum, although it is currently slightly weak, as a mainstream asset supported by ETF, its catch-up certainty is relatively high. For Altcoins, signs of market linkage and strengthening have emerged, and it is necessary to patiently wait for the opportunity of a full-blown outbreak.
Maintaining rationality and patience will be the key to controlling the rhythm of the market as the bull market gradually progresses.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
To learn more information or if you have any doubts, follow the public account: Blockchain Azheng
