The crypto is booming, and the bull market flavor is getting stronger.
Thursday and Friday's market completely ignited: BTC has been singing high, strongly breaking through 118,000, and ETH has finally awakened, breaking through the long-missed 3,000 mark. Altcoins are even more fierce, $PENGU surged 26%, and mainstream small coins like $PEPE, $SUI, $ARB have recorded double-digit gains, with everyone in the groups shouting: "Altcoins are back!"
To be honest, we've been waiting for this moment for too long.
But calming down, I still want to remind you: From the on-chain perspective, there is a serious short position accumulation around 110,000, and this forceful new high pull might be to wash out short positions and facilitate smooth distribution. Once the new high drives sentiment, the altcoin high-pull and dump has already begun, and a potential reversal cannot be ruled out.
⚠️ In the current market, don't fear missing out, fear chasing high. After consecutive days of gains, 4 days 3 green candles, 6-8 small K rhythm requires caution, a big green candle after a surge is actually a risk signal, and true opportunities often appear after a sharp drop. Of course, it's not completely bearish. For example, ETH's trend is very clean, breaking through the neckline with volume in place, structure confirms bullish, a pullback is an opportunity, not a panic point.
My view is: Long-term still bullish, short-term needs to guard against shock and wash-out. Overall, altcoins are in a high-level oscillation zone, 4-hour structure could turn at any moment, so being stable is much better than chasing high. Don't say I didn't warn you.
In crypto, time rewards those with unwavering belief
Over the past few months, bearish voices have been rising wave after wave, with even many ETH-holding OGs sighing "can't see hope for the future" - not because they don't understand the market, but because watching US stocks bull and BTC strong while altcoins couldn't even get a sip of soup was indeed heart-breaking. But I've always been an optimist. Even when BTC dropped to 70,000 in April due to tariff expectations, I never doubted: Bull market will come, Q3/Q4 will definitely have a main upward wave.
As long as you hold quality coins, even if short-term trapped, there's no need to panic. In crypto, if you survive long enough, you'll definitely enjoy the dividends. I've seen many a8/a9 OGs, and they share two common traits:
- Persistently holding spot core assets
- Experienced at least two bull and bear cycles
Almost without exception, their assets are not bad. You can think about whether you know such people around you? This market trend is clearly driven by US institutions, which can be seen from the timing. Recently, there's also a series of macro news: Trump's tariff follow-up, Fed rate cut disagreements, CME rates, etc. Although global friction continues, this might actually more easily push safe-haven assets up. Isn't BTC as "digital gold" attractive?
Altcoins: Familiar rhythm, here again?
With ETH gaining momentum, altcoins finally broke out of a long-absent universal surge. In this market, meme, L1, AI, DeFi sectors performed strongest, with many meme coins 5x or 10x in short time, like #M, #bananas31, #hyper, etc.
Especially on Upbit and Bithumb, Korean investors are truly daring, with trading volumes exploding, and many small coins doubling is not uncommon. But I want to emphasize: Leaders are king, small coins can only be traded with small funds quickly. Projects like $M purely pumped by control, basically have no players, market cap hyped to 5B, are pure pump section coins - chasing in is just feeding.
My configuration philosophy is simple:
- MEME can be participated in, but not with large positions;
- Large funds only buy those with "breakout potential", like $DOGE, $PEPE, $SUI, $XRP with real traffic.
This altcoin market is a structural short squeeze - many altcoins' open interest (OI) is even larger than market cap, shorts can't close positions, once such a market starts, main forces just need a light push to rocket.
Finally, I want to say: Market changes, but belief shouldn't. Bull market's starting point is never creating new highs, but sprouting when no one believes. Each cycle is similar - panic at bottom, doubt in middle, crazy at peak. As long as you're still in the game, you still have a chance. Don't fear entering late, the real money-making window might just be opening.
Remember: Control position, choose assets, stabilize mindset, altcoin rotation is just beginning, and we all have a chance to enjoy this dividend.
The article ends here! If you're lost in crypto, consider joining my community to layout and harvest from market makers! Can join community WeChat+QQ group for market analysis, altcoin operations... WeChat: c13298103401 or QQ: 3806326575
