The recent market broke through the technical triangle as expected, but soon fell back into the triangle. The previous technical rules and macro predictions have verified its effectiveness. In early April, we investigated three possible trends. Most people believed that it was mainly downward to $50,000 or upward to $80,000 to $90,000, while few people considered the possibility of the current wide range of fluctuations.

The continued volatile market may need to wait for new macro events to break the current deadlock. Since large digital currencies have not directly entered the main market, there is no need to consider the seasonal performance of altcoins for the time being, and the trend of altcoin market share also reflects this. Although the possibility of a comprehensive rise is small, there will occasionally be a strong market in one or two sectors.

In short, wait patiently.

From a macro perspective, the political situation in the United States is tense. Major financial institutions generally believe that there will be no more interest rate cuts this year, but financial institutions such as Goldman Sachs and Citi believe that there may be three interest rate cuts. With the release of two consecutive months of non-farm payrolls, consumer price index, producer price index, and crude oil price trends, the macro trend will become clearer.

Events that may change the situation in the future include the official launch of the Ethereum ETF and the clarification of the time for the Fed to cut interest rates. By then, we may usher in a smoother market.