Is this Bitcoin bull market or not?
I want to say that the bull market has actually already arrived, but many people haven't realized it. Don't believe me? Look back, from 15,476 at the end of 2022 to 120,000 now, it took two and a half years - isn't this a standard "slow bull market"?
But awkwardly, most people are still stuck in the emotion of "bull market hasn't come, bubble about to burst". Afraid of missing the pump, afraid of being trapped, constantly cutting positions, just like a "startled bird". This is understandable, as many people entered after the bull-bear transition, haven't experienced a complete cycle, and can't judge trends, can only follow news and trends.
Frankly, without a stable foundation, emotions are easily led by the market. But you must understand that drops during a bull market are wash-outs; rises during a bear market are traps. Most people get the rhythm wrong and naturally get harvested more severely. Market makers love two things: make you cut positions at the bottom, make you chase highs at the top. To break this cycle,
I suggest you look less at emotions and more at trends and rhythm. The market is in a slow bull market, not a full-scale bull market surge. What you should really do is hold the rhythm, stabilize your position, instead of being jumpy.
BTC, ETH Market Observation
Bitcoin is currently testing the key support around 112,000. If this level doesn't hold, there might be further downward exploration in the short term. Although ETH and BTC ETFs are still experiencing outflows, the outflow speed is slowing down, which only suggests the market is still in a defensive state.
BTC briefly rebounded to around 114,500 during midday, and ETH touched 3,650, but overall it remains weak, providing more of a short-term escape opportunity for short sellers.
Contact+V: c13298103401
Altcoins: Rebound Not as Expected, Extremely Poor Liquidity
Altcoins "jumped water" again today, and remained motionless during ETH's rebound, indicating extremely poor market liquidity. Currently not recommended to buy the dips in altcoins, better to wait until this adjustment ends.
I've outlined three main lines for altcoins:
- #Pump Category: Focus on Meme projects and Pump tokens shilled by Alon.
- Heyue Alpha Category: Track BN's newly listed Heyue targets and upcoming #MYX.
- Margin Buying Category: Follow crypto targets announcing off-market margin purchases, like institutional "coin buying declarations".
Currently, altcoins are in a structural adjustment period, with scattered funds and no continuous hot spots. Those still in the market should learn to take profits and not linger.
Recent Pump coins that flew:
- #troll, #useless have similar market caps
- #neet reached 16M, I couldn't hold and sold during the pullback
- #pump still waiting to break even
- #mad dropped from 22M to 8.9M, my holding cost is at 12M, still waiting
BSC projects haven't had much movement, #ASP rose a bit, with a new token launch tonight. Binance's new token $Prove had over 10 million in trading volume in two minutes, with an initial market cap of 860 million and current total market cap of 1.24 billion.
These projects have fast rhythms and high volatility, missing the high point means selling, getting trapped happens quickly. Recommend small positions for speculation, avoid heavy blind betting.
#LTC: Became a recent highlight, with capital inflow, increased financing, strong technical indicators, targeting 2025 historical high. But RSI has entered overbought territory, with short-term pullback risks.
Contact+Q: 3806326575#DOGE: Shows signs of fatigue, if triangle support breaks, might further decline, even a short opportunity.
#DOT: Currently at the lower edge of an upward channel, whether it holds determines future direction. If held, might rebound to 4-5 USD, if broken, could drop to 3 USD, bulls need to defend strongly.
Remember: Altcoins are for trading, not for believing. Not all coins are worth "long-term holding", and not every sharp drop is worth buying. Join community for market analysis, altcoin operations... V: c13298103401 or Q: 3806326575
That's it for the article! If you're lost in the crypto, consider planning and harvesting with me! Follow public account: Meow Sister Talks Coins
