A new week has begun. After the successful halving of BTC last week, the market trend has shown a steady upward trend.

If we regard this round of pullback as a short-term bottom, we can predict the short-term lower top position:

$BTC to reach over $150,000

$ETH will reach over $10,000

$BNB will reach over $1,500

$SOL will reach over $800

Bull markets always begin in doubt and end as they become increasingly crazy.

After the recent drop, there was only a small correction before the price surged, and we look back at today's prices with a smile, and many people are hesitant to enter the market.

However, I believe that such fears are a huge mistake and I have every confidence that the bullish trend will continue.

➜ $BTC ETF approved and $ETH ETF pending approval:

With the approval of the BTC ETF, the proportion of BTC held by exchanges has decreased.

This shows that many people do like and trust this type of asset.

Additionally, while ETF companies have already purchased some BTC, the number of new buyers has increased significantly, leading to increased liquidity.

➜ Hong Kong has recently approved the $ETH ETF, which may lead to the approval of the ETF in the United States soon.

You may have seen various discussions on this topic.

There are currently two camps: some people think that this news is complete nonsense, while others think it is an important factor to consider.

➜ My personal opinion is more inclined to the second camp, for the following reasons:

Big American companies are unwilling to face competition from other countries, they strive to be at the forefront and excel in everything.

This is why I believe an ETF could be approved as early as May and the recent pullback is most likely just FUD to allow whales to accumulate $ETH at low prices.

On-chain data shows that Sun Ge has increased his holdings by approximately 295,000 $ETH since February 12, with an average price of around $3,000.

I have taken action and started buying $ETH.

➜ The latest Grayscale report brings us more good news:

They apply basic technical analysis principles to explain why we are currently experiencing a bull market.

In their report, Grayscale begins by questioning whether we are indeed in a bull market and supports it with three arguments:

- BTC price hits all-time high before halving

-Total cryptocurrency market capitalization hits record high

- Increased attention to Meme Coin = increased liquidity

➜ To save you time researching, I can summarize GrayScale’s view that the current cyclical patterns are similar to those in the past:

BTC dominance sparked a rally in altcoins.

However, they highlighted some unique factors to consider in this bull run:

- Spot BTC ETF Inflows

- Strong on-chain foundation

➜ Bitcoin's trend tends to repeat itself in each cycle:

November 26, 2012 - Before 4.16% / After 7.715%

July 9, 2016 - Before 110% / After 283% (about 955% increase across the board)

May 11, 2020 - Before 76% / After 423%

April 27, 2024 - before 50% / after 200%

Additionally, the bear markets in 2018 and 2022 both lasted about 370 days.

Given these "coincidences" and analyzing past price action, we can try to make a rough prediction of future market movements.

➜ The next ATH level may appear in November-December:

In the past two bull runs, BTC reached its all-time high about 7-8 months after the halving.

Historically, the past three bull markets lasted about 10 months, which means this bull market could last until around October 2025.

This suggests we are still early and current prices look set to be a blip in the future.

➜ Just when we need him most, the legend is back:

GRC returned to X and expressed optimism about the current bull run, stressing the importance of scaling promising tokens and simply surviving.

Most importantly, he talked about a bright future.

I don’t know about you, but I definitely feel optimistic after hearing what he said.

➜ Finally, we have to mention the Meme narrative. When there is no new narrative driving it, the Meme narrative can be seen as one of the sustainable hype narratives in the short term.

Currently Memes can be divided into the following categories:

- Dogs: $DOGE, $SHIB, $WIF, $BONK

- Cats: $MEW

- Frogs: $PEPE, $BOME

- Other animals: $SLERF, $COQ

- Politics: $BODEN, $MAGA

- Schizophrenia: $MOG, $LADYS

- Brand/Culture: $ZYN, $MOUTAI

Recently, many friends have asked about joining the group. I would like to say one thing:

Humans are emotional animals, and the crypto circle is particularly impetuous. When you join too many groups, you will face information overload and emotional interference. Therefore, I do not recommend that you join too many cryptocurrency groups, as it can easily lower your IQ.

From the theory of the mob, the IQ of a group is lower than that of an individual. When you are caught in a group, it is easy to lose your personal judgment and autonomy. So I have always believed that 99% of the groups in the currency circle are worthless.

Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.

Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.

I hope this topic is helpful to you. 🙏Thank you for your likes and support👍