10.25 The End of the Strong Bow

1. The trends of BTC and ETH are vastly different. BTC, supported by ETFs, has become a type of asset that lies between stocks and cryptocurrencies, with a certain fundamental value and not entirely dependent on liquidity. In contrast, ETH and altcoins truly reflect the current state of the cryptocurrency market, where the strong rebound of the US dollar and shrinking market capitalization under low liquidity are evident. This decline is an inevitable oscillation during the transition from QT to QE, and this process will be very lengthy.

2. The collapse of ETH signifies the end of a two-and-a-half-month rebound, and the price will return to a downward trend. The next target is to fall below 2000. Of course, whether BTC will, like before, create a false breakthrough to reach a new high before falling again remains unknown, but it has already reached the end of the strong bow.