With my years of experience, the current cryptocurrency market is a chaotic mess, and newcomers who want to enter the circle can easily be deceived. If you want to understand some basic underlying knowledge, I can explain it to you.
ETH Short-term Trend: Leaning towards consolidation, direction unclear. It is necessary to closely monitor the gains and losses at the key positions of $4,200 support and $4,550 resistance. · Medium to Long-term Outlook: Many fundamental factors remain solid, such as the continued inflow of institutions through ETFs, a large amount of ETH being staked (approximately 30% of total supply), and the potential supply tightness from the decreasing available supply on exchanges, all providing support for Ethereum's long-term value. It may be wise to gradually accumulate near key support levels, but be sure to set stop-loss orders (for example, below $4,200) to prevent downward breakouts. When chasing breakouts, it is also advisable to wait for price confirmation above the resistance level before taking action.
Let's talk about the monthly trend of Bitcoin. Each bull market goes through three peaks, and after completing the three peaks, a bear market follows. Currently, we are already in the third peak. If all goes well, it might reach the top in two to three months, meaning whether altcoins can rise depends on these two to three months.
Each monthly bottom occurs during the most bearish times. It is said that there is a bull market for one year and a bear market for three years, but from a systematic perspective, it is one year of bear and three years of bull. Of course, this only represents Bitcoin's trend.
In summary, my point has been made today. The market has reached its end, and it will conclude in at most two to three months. Whether one can make money depends on these last two to three months.