The two core topics discussed today are:

  1. Is the cryptocurrency bull market that is widely focused on still continuing?

  2. In this round of the bull market, will the past craze for altcoins reappear?

First, we start analyzing the first topic:

  1. Technical Analysis Interpretation
    By observing the overall market trend, we can judge the bullish and bearish states of the market and determine its current phase. From the current market trend, it is still in a bull market. Characteristics of a bull market include: the highs and lows on the candlestick chart continuously rising; prices constantly breaking historical records; decreased trading volume during pullbacks and increased trading volume during rises; the market operating to the right of a long-term downtrend line and above a long-term uptrend line. According to the analysis, these characteristics are currently being met. Therefore, from a technical perspective, the bull market continues.

  2. Policy Environment Analysis
    With the increasing participation of institutions and countries globally, the launch of Bitcoin and Ethereum spot ETFs, the policy environment is continuously improving, which are all long-term favorable factors.

  3. Liquidity Analysis
    The global financial market will welcome liquidity release, as the Federal Reserve is about to start a rate cut cycle in September, which is a long-term positive for the financial market.

  4. Fundamental Analysis
    This round of the bull market will be an era of transition, from disorder to regulation, from speculation to practical application, from rampant growth to value investing, with various favorable news continuously emerging. This trend will not change due to individual will or the will of any country, but is the trend of the times.

  5. News Analysis
    The cryptocurrency market is an information-intensive field, which places higher demands on individuals, including the ability to discern the truth of the information, identify helpful information for trading decisions, and have different cognitive and judgment abilities regarding the same news. These are all elements that test an individual's comprehensive analytical ability.

Based on the above analysis, the current cryptocurrency market is still in a bull market phase.

Next, we explore the second topic: Will the craze for altcoins that many people are concerned about reappear in this round of the bull market?

Some people may regret not having invested early in mainstream coins like Bitcoin, Ethereum, or Solana, believing that the current phase is merely Bitcoin's bull market, while altcoins are underperforming, leading to a loss of confidence in the performance of altcoins in this bull market. However, it is clear that the craze for altcoins will definitely reappear. As mentioned earlier, the trend of this bull market is different from previous ones. With the rollout of truly valuable applications in the blockchain industry and the participation of traditional professional financial institutions, these institutions and excellent investors have different thinking patterns compared to retail investors. They possess professional background investigations, technical teams, risk control systems, and mature trading decisions, and will not speculate as retail investors do. This will make valuable investment targets more apparent, leading to a situation where the strong get stronger and the weak get weaker.

At this stage, how should we operate? Have we developed a response strategy? If not, on what basis do we believe that the bull market has arrived, where everyone can earn a fortune, while others should incur losses?

In cryptocurrency trading, just like in military operations, if there is no certainty of victory, choosing not to participate in the battle is also a form of wisdom, at least to avoid losses.

Historical experience shows that Bitcoin usually leads the trend of the entire cryptocurrency market. To see a round of altcoin bull markets, it usually requires first seeing Bitcoin's rise. However, in this round of the bull market, Bitcoin's performance is clearly better than that of altcoins, and the entire altcoin sector has not shown any signs of following suit so far.

In the trading process, we should follow the principle of 'buying strong and selling weak.' This principle will greatly enhance our returns and reduce risks. At the same time, we need to judge trends and clarify the structure of movements. Once we have a clear understanding of the basic structure of trends, they will become clear and evident to us.

Additionally, we need to patiently wait for the market to establish a truly perfect trend, and maintain our positions to wait for the trend's conclusion. At the same time, the key to improving profitable success lies in establishing a mature trading system of our own and increasing the system's success rate to over 70%.