Once Bitcoin hit the 78000 mark, market sentiment clearly began to swing. Some are calling for bears one moment and bulls the next, even throwing around expectations of getting rich with '30x, 50x' leverage. However, this back-and-forth is fundamentally more driven by emotions rather than an actual change in trend. If we do see a dip back to around 75000, the narrative could easily flip again; this kind of rhythm isn’t worth overly chasing.
From a structural perspective, BTC's short-term focus still needs to be on the support zone of 75-76, which is a key defense level for intraday trading; while the stronger support at a larger scale remains in the 70-72 range, this area can also be viewed as an ideal low-entry zone for this round. The current rhythm feels like it's due for a relatively thorough pullback; only after relieving some pressure can the market conditions stabilize and extend further.
Overall, the big direction hasn’t been damaged for now; the medium-term still leans bullish, and we can maintain certain expectations for the next few months. If you’re trading mid to long-term, the core is still to hold your positions; if you’re leaning short-term, you can trade around the range.
ETH is relatively weak here, with short-term support in the 2260-2300 range, acting as the first line of defense; a deeper key support level lies between 2050-2130. If it strengthens again after this round of pullback, the potential upward space may not just stay around 2500, but could further challenge the 2600 or even 3000 mark.
Looking at the rhythm, next week leans towards a pullback first. Focus on the strength of the retracement and the buy-in situation, as this will directly determine the height and sustainability of the subsequent rebound. The overall strategy remains to control the rhythm and respond in batches, rather than getting swept up in emotions.
Currently, the altcoin market is more about 'impulsive rebounds,' with overall sustainability being relatively weak. Many projects can only experience a brief surge before dropping back. Projects like EPIC, which were accumulated at lower levels, still have profit potential, but looking at the gainers list, funds still favor weaker themes and average quality small coins. This kind of market is essentially emotion-driven. Since the rhythm is like this, rather than fighting against it, it’s better to go with the flow, but the key is to manage your position and expectations well.
In contrast to the major coins, DOGE, XRP, and SOL have shown relatively strong performance these days, with funds beginning to flow back into top assets. In comparison, pure concept altcoins are seeing a decline in market enthusiasm even if they rise, as retail investors are largely sitting on the sidelines. If major coins experience a round of catch-up, it could easily ignite overall market sentiment, creating genuine FOMO.
Structurally, NMR has formed a relatively standard reversal pattern, strengthening after breaking through a key position. As long as it can hold the support area, there’s still room for an uptrend continuation; however, if it falls below, the short-term strong structure will be weakened.
In the Ethereum ecosystem, SSV is active, but with extreme volatility; the washout rhythm is very obvious, often showing rapid drops followed by recoveries. If you’re not positioned at relatively low levels, it’s easy to get shaken out, which is why having chips at the bottom is more advantageous.
The ORDI in the inscription direction has completed a range breakout and is currently attempting to stabilize at a key support level. If it can hold, there’s potential for further upward movement; but if it falls back into the range, it will likely enter a correction phase in the short term.
Overall, it seems like funds are rotating and testing different sectors; the true main uptrend rhythm hasn’t fully opened up yet. The strategy remains to participate lightly and allocate in batches, while prioritizing assets with clearer structures and stronger buy-in.
The crypto market is volatile; entering requires caution. This is my personal view, not advice, just for sharing.