The recent market has been quite dramatic.
#BTC daily golden cross, successfully breaking through the wedge consolidation, with the overall trend still pointing upward. However, as usual - BTC will pull up, and altcoins will have to "bleed", which might be a bit painful in the short term.
This wave of rise from 112,000 to 122,000 is quite strong, and a pullback to 120,000 is normal, as the meat is already in the mouth. It's worth noting that the US stock market trend will also affect the crypto market, and if US stocks forcibly pull back, Bitcoin will follow suit.
ETH takes off from 4,100, bull market rules remain unchanged
Ethereum broke through 4,300 in one go, stepping onto a new level. The four-year bull market cycle remains unchanged, with no interest at the bottom and everyone chasing at the high - history repeating itself time and again - no one cared at 1,400, but now everyone is asking if it can pull back at 4,300.
Exchange+V: c13298103401 Most people lose money in a bull market, not because the market is bad, but because they don't understand it yet want to eat the meat, ending up as a meal for the main players.
The market drama is quite lively now
Tom Lee claims ETH's target is 150,000; Saylor directly ignores Ethereum, boldly stating BTC's future at 10 million. The weekend market also took turns: ETH first rushed to 4,350, BTC then took over breaking 122,000, seemingly about to hit ATH. Altcoins took the opportunity to drink soup, but without a general rise, it's still a pattern of leading tokens performing.
DeFi infrastructure explodes, ETH becomes the biggest beneficiary
ETH's strong start stems from the stablecoin bill - like Shenzhen in the 90s, the era of major infrastructure is coming. Stablecoins are the cornerstone of Ethereum, and once 30 trillion goes on-chain, valuation will expand exponentially. Additionally, SBET treasury strategy brought in Cathie Wood, Peter Thiel, and other traditional big shots, with institutional funds rushing in. Many traditional funds "follow the leaders", so ETH's strategic battle and leading effect directly ignited the market.
TVL returns to peak, DeFi Summer preheating
On-chain TVL is almost back to the 2021 DeFi Summer peak, with SOL, ARB, Base, SUI having already created new highs, though with limited influence. Once ETH's TVL returns to its peak, its influence will be huge. AAVE, ENA, Pendle are surging, with BN and USDC pushing stablecoin #APY to 12%, with a gold-absorbing effect comparable to a black hole, drawing in external funds.
Soon you'll hear again about "fund efficiency, composability, flash loan" - the altcoin season will naturally arrive.
Exchange+Q: 3806326575
This support line is worth watching, XRP cannot be underestimated!
ETH's 50 billion market cap must be stabilized, not just a round number, but a ticket for state-level funds to enter. Multiple states in the US have laws stipulating that only crypto assets with a market cap over 50 billion will be included in public fund investment targets. This means 4,000 might become ETH's long-term bottom, with big funds blindly supporting it. #XRP is also approaching the 50 billion market cap threshold, and the backers will certainly not miss this opportunity.
BTC and Ethereum are taking turns performing, the smell of DeFi summer is already in the air.
Next, it might truly be the golden stage of "leading tokens performing, altcoins dancing". Today's altcoin focus: $LISTA Good news! Community vote decides to burn 200 million tokens, 20% of total supply, causing a big green candle immediately. The immortal's guidance is here, consider entering around 0.3.
#LTC support and resistance are continuously moving up, short-term target looking at the previous high around 138.
$PENGU wait for a pullback to 0.036 for confirmation before considering entry, long strategy mainly based on sideways oscillation, first take-profit target set at 0.041.
Pay attention to tomorrow night's #CPI data, market will be cautious before landing, can low-buy $ENA during pullback, watch #ETH's 4,150 neckline and 4,000 support. That's all for now! If you're still unclear in the crypto market, why not follow me, wait for me, otherwise you might miss the next market wave. V: c13298103401 or Q: 3806326575
