Market Analysis

$BTC : Bitcoin has basically recovered the decline since April 14, which was also a panic decline caused by local conflicts in the Middle East. At present, it has basically recovered, and the 4-hour level has entered the stage of weak adjustment function. After the panic selling, the market will continue to rise in a weak adjustment mode until the end of the year, so everyone can play boldly during this cycle.

$ETH : Ethereum continues to be weak, and the exchange rate against BTC has fallen below 0.048 again. At present, the market focus has not returned to the ETH ecosystem. It seems that it has directly transitioned from runes to the sol ecosystem and meme. The performance of ETH in this round is indeed disappointing. However, considering that the camel is bigger than the horse, and V God is conscientious, I am still optimistic that ETH will rise in the future. Restake may allow ETH to effectively invade other ecosystems, thereby capturing cross-chain ecological value. In addition, the consensus and developer community of ETH are still strong enough, and I am still optimistic in the long run.