المنشور
Good afternoon, everyone. After three straight days of fishing, I am exhausted but happy. I crashed last night at 9 PM and woke up at nearly 11 AM. Fishing is truly the ultimate sport. Now, back from a hearty meal, let's get into the market summary.
1 The broader market remains locked in a range, roughly between 79,000 and 82,000. Last night, we saw a sharp wick down to around 79,800, tempting bears to add to their positions. However, the price bounced back above 81,000 during the day. Ethereum is simply following Bitcoin without any independent action. Currently, Bitcoin sits near 81,200 and Ethereum around 2,300, both at relatively solid support levels.
2 My personal view is that the market still has upward potential. At least in the short term, a sharp decline seems unlikely. I am still eyeing a Bitcoin peak in the 90,000 to 90,600 range, which aligns with the weekly timeframe high.
3 There are no standout sectors this cycle. We saw some minor movement in privacy coins like ZEC, DASH, and ZEN, and storage projects like ICP and FIL. The much-hyped fan sector has yet to ignite. With the World Cup less than a month away, many are positioned, but if it doesn't break out soon, it might be a dud. Market liquidity is tight, and smart retail players are selling into strength rather than FOMO buying like before.
4 On-chain profit opportunities persist, but the number of standout meme coins is dwindling. Quick pumps to 10M market cap are rare now; even 3-5M is tough. While new mechanisms are emerging, they are mostly one-off plays with short cycles. There is an overwhelming amount of junk projects with flashy slogans but little success.
5 I will be at the office in the coming days, focused on tracking coins and projects. I will provide timely updates on any promising finds.
6 As for the altcoins you are holding: SUI, PENDLE, CHZ, and PEPE. Honestly, I prefer to avoid junk altcoins. As discussed before, I stick with BNB and SOL. BNB has been showing strength, and I...
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