Brothers, good afternoon! Bitcoin has fallen 8.85% from its peak, and it seems more like a normal pullback.
With the key EMA moving averages being broken, the market has shifted from a one-sided trend to an adjustment phase, and long and short opportunities are starting to alternate. Next, the key for Bitcoin is when the trend channel turns green again; this will be a clear signal for the next right-side long opportunity. Everyone can closely monitor their respective ranges; once Bitcoin effectively breaks away from the 92500-95000 range, it means a change in trend.
In fact, the pullback of Bitcoin is not the key; the key is that Ethereum and altcoins have not fallen together.
If following previous trends, Bitcoin has dropped this much, Ethereum and altcoins should surely drop sharply as well. But since the day before yesterday, Ethereum has risen instead, indicating that some profits from Bitcoin are starting to flow into the second-largest and altcoins, suggesting that the altcoin season is coming soon.
Fortunately, yesterday was a false breakdown, so the best current state is for Bitcoin and Ethereum to enter a sideways trend, allowing us to see clear stop-loss signals. We temporarily shift our focus to other aspects, giving the sector rotation a chance to thrive.
Is the altcoin season about to begin?
Altcoins have had their 'largest peak movement' since April 2021. A 23.2% increase suggests growing investor interest, breaking away from the previous 'bear market start' level. This trend 'indicates that as retail market participation increases, speculative capital and interest are shifting from Bitcoin to altcoins,' which often marks 'the final stage of a bull market, with altcoins starting to outperform Bitcoin overall.'
On Tuesday, the dominance of altcoins 'just climbed above the trend band.' The analyst's chart does not include the top 10 cryptocurrencies by market cap, showing that the dominance of altcoins is 10.37%, breaking through a downward trend line that has lasted for months. At least after a week of sustained high liquidation counts, both altcoin bulls and bears will experience a period of volatility.
These days are a normal pullback, giving people the opportunity to enjoy the final wave of dividends. The crypto market updates and iterates quickly, and not all altcoins can explode; on the contrary, the vast majority of altcoins have no spring. Therefore, for coins with fundamental issues, it's best to take profit and not get too excited.
What needs to be done now is: buy undervalued coins and wait for the Federal Reserve and others to step in and pump the market. Of course, if a pullback in value coins can lower your average cost, go for it boldly!
Ambushing these 3 tokens with 100% explosive growth
1.AAVE
AAVE has completed a 952-day consolidation at the weekly level, and a typical 'time for space' pattern has formed. The current price pattern is in place; next, it just needs to guide capital inflow or a piece of good news as a trigger point for a potential breakthrough.
It is worth emphasizing that for this type of asset, I only trade spot and choose to buy in batches near the key EMA moving averages on the 1-hour or 4-hour charts, never chasing the price up.
2.UNI
Now, with the departure of the SEC chairman, the market shows a highly optimistic expectation for a relaxed future regulatory environment. Against this backdrop, the easing of regulatory pressure releases more potential for decentralized platforms and provides favorable conditions for the expansion of the Uniswap ecosystem, helping the UNI token gradually transform from a single governance token into a core asset with multiple functions such as governance, yield capture, and ecological empowerment.
How this transformation will further empower UNI token holders through fee distribution mechanisms and the implementation of Unichain is worthy of continued market attention and expectation.
3. ARKM
Su Bai has reason to believe that the next sector rotation will likely be the artificial intelligence AI sector, recommending coins such as WLD, ARKM, PHB, FET, etc. It would be unreasonable for AI not to explode; hold on patiently.
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