Does anyone get it, family?! This script in the crypto market seems like a replica of 2019-2020, even the punctuation is too lazy to change! BTC has been stagnating for two and a half weeks, while PEPE jumps around replicating the classic scenes of DOGE from back then. The old investors watch in silence, while the new ones are confused. Is this wave a historical replay, or has the sickle changed its tactics? Let me reveal the money-making secrets in this 'time loop'.
First, let's give the new friends a history lesson, while the veterans can skip to the next section. During the 2019-2020 cycle, it was a textbook example of rotation in the crypto market: After stabilizing around $3000, BTC entered a slow upward oscillation, institutions began to quietly position themselves, infrastructure gradually improved, and the market shifted from chaotic retail trading to a coexistence model of 'institutions + retail'. By May 2020, when BTC underwent its third halving, coupled with global liquidity easing, it triggered a violent rebound. Meanwhile, DOGE, after BTC broke through its range, surged four times to boost sentiment before retreating, perfectly hitting the rhythm of 'the big brother stabilizing the ground, the little brother celebrating'.
Looking at the current market, doesn't it remind you of the past? The 'stabilizing needle' BTC has been consolidating at a high level for two weeks, and now it is entering the third week with such low volatility that it makes one want to doze off. However, this extreme calm is often a precursor to a storm. Historically, after BTC has consolidated for a long time, it either breaks out after capital accumulation or makes a second upward attack after a brief pullback. In either case, it will drive altcoins to start rotating. After all, the saying 'BTC stabilizes confidence, altcoins bring profits' has never been empty talk.
Let's talk about PEPE. Its recent performance is simply a 'pixel-level replica' of DOGE from back in the day, just with a slight adjustment in sequence. Two weeks ago, PEPE suddenly surged, bringing the excitement to a peak, and then began a long road of pullbacks, echoing DOGE's path of 'rising after BTC breaks through and then adjusting' but with the same core logic, both rely on BTC's stable sentiment to complete their own chip exchanges. From a technical perspective, PEPE is currently above MA-20 and MA-50, with a relatively solid support level. However, it is constrained by the pressure of MA-200, and the structural weakness is evident, which is also one of the core reasons for the pullback.
Based on my practical experience and data judgment, I give you a clear view: PEPE is very likely to continue its pullback trend from this week to next week, and may even test the dynamic support near $0.00000546. But don't panic, this pullback is not the end; rather, it may be a 'golden pit', just like DOGE's pullback was followed by a larger-scale rise. The current pullback of PEPE is essentially digesting the profits at high levels while allowing new funds an opportunity to enter. From on-chain data, the average holding time of PEPE has dropped to its lowest point since October last year, indicating that dormant chips are starting to activate. As long as buying pressure can absorb this selling pressure, the subsequent rebound is likely to exceed the previous round.
It must be noted that the core logic of commemorative coins is always 'emotion + funds'. PEPE's resilience today is inseparable from the continuously active community and trading enthusiasm. However, because of this, the volatility will far exceed that of mainstream varieties. Short-term traders can try small positions at key support levels while ensuring proper risk control; medium to long-term holders can take advantage of the pullback to gradually position themselves. After all, under the current dual benefits of 'improving macro liquidity + strong BTC', the overall trend of altcoin rotation will not change.
Lastly, let me say something from the heart: the crypto market has never had a 100% replicated market. History will only 'rhyme' but not 'repeat'. Whether BTC can successfully break through the consolidation range and whether PEPE can hold its support after the pullback are key points that will determine the direction of the market. I will continue to track market dynamics and update operational strategies and point reminders in real-time. If you find this analysis useful, please give a like and follow @链上帝王 #加密市场观察 $ETH .
