From this morning until now, I’ve been watching the market while eating melon seeds, going through the weekly and daily charts.
The current market situation is actually very simple—waiting for the choice of a trend line, whether it gradually rises or breaks through directly. The rhythm is uncertain, but the direction is very clear: the overall trend still leans towards bullish.
There is no need to stir things up in the spot market; just hold on and wait for an explosion; the contract strategy should still focus on buying on dips. If you want to go against the trend in the meantime, be sure to use light positions and enter and exit quickly, don't linger in battle. Just like the short position at a high point a couple of days ago, take the profit and leave; essentially, it’s not daring to hold a counter-trend position. This kind of operation is fine, it’s enough to capture part of the move, there’s no need to be stubborn about getting it all.
From the market perspective,
$BTC After a high pullback, it continues to fluctuate around 70,000, with the pressure above 73-74K still obvious. Until it can stabilize with volume above, it can only be regarded as a rebound. There is short-term support, but medium-term pressure remains, which belongs to a 'short-long mid-empty' structure. Only if it can break through 74K with volume, there is a chance to open up higher space; otherwise, it is still going back and forth in a range.
Looking simply for the day: pay attention to the pressure from 72.5K to 73.5K above, and support from 71K to 70K below.
$ETH Clearly weak, the rebound strength is insufficient, the pressure above 2300-2350 is heavy, overall still a weak repair rhythm, rising but not strong.
The operation is similar: look for pressure above, support below, and don't chase highs.
The situation with the imitation is more direct, with funds clustering + negative resonance, overall leaning weak.
Like#TAO this wave of decline is actually not too unexpected.
I've mentioned before that it is likely to follow a structure similar to 'double top', first pulling up then crashing.
After reaching the target, I've also warned about the risks.
If you keep following the rhythm, you basically won't go high to catch.
RWA on this line has been relatively good recently.
The performance of CFG is still decent, and ONDO and SYRUP can also be noted.
However, there are signs of large holders selling ONDO, in comparison,$SYRUP it may be cleaner; looking at the weekly chart, it's just starting to rise.
As for some old projects, like the previous ZEC and now TAO, the script is actually quite similar:
Whenever there is a change in the core team, the price easily encounters issues.
But there is still support below TAO, in the short term, it is more influenced by emotions, not likely to collapse directly.
Lastly, a general thought:
At this stage, it is actually a mix of fluctuations and waiting for direction.
Short-term participation is possible, but don't be too aggressive.
Before the market has moved out,
less hassle is more important than anything.
The cryptocurrency market is highly volatile, caution is needed to enter, personal views, not advice, for sharing only.