As expected from Macro Week, one piece of news follows another.
Last night, Powell just made harsh remarks and smashed the market, then Microsoft and Google's financial reports suddenly boosted US stock futures, with Nasdaq pre-market rising 1.4%, and Bitcoin instantly reviving. This fragmented rhythm is truly incomprehensible, yet unavoidable.
Current Rhythm of BTC and ETH
#BTC Recent trend is classically messy: false breakdown + stop loss for long positions + luring shorts, then a sudden reversal. I've explained this "dog market logic" too many times - understanding it means an opportunity to make money. Intraday rhythm is obviously divergent - rising during the day, dropping at night, with market sentiment tightly controlled during US stock market hours.
Communication+Q: 3806326575 #ETH This bullish trend continues, although recent ETH ETF net inflows are declining, its market position remains stable. BlackRock already holds $11.3 billion in ETH spot, accounting for 2.46% of supply. The target is to reserve 5%, which is 5 million coins, currently only around 600,000, with significant room for growth.
S-BET target is 1 million coins, currently only 400,000, still far from the goal.
Ethereum's market position is now stable, with significant ETF reserve space.
Additionally: ETH/BTC exchange rate remains stable above 0.032, indicating ETH's "consensus" and "resilience" are continuously strengthening. For medium to long-term allocation, ETH remains the most stable choice.
The most obvious market phenomenon: mainstream coins holding steady, Altcoins crashing! Especially those old coins on CEX, lacking everything, all down, with weekly structure not even successfully bottoming. In contrast, mainstream narrative coins with ETF, treasury, Grayscale components, or WLFI-related projects are receiving some funding attention.
Market structure is now very clear: Altcoins without institutional funds are collectively bleeding; targets endorsed by regular forces are in the bottoming phase.
SEC New Policy: Altcoin ETF Launch Signal Triggered!
Last night, Altcoins received the biggest positive news - SEC released new crypto ETP rules: as long as a token is listed on Coinbase derivatives platform and continuously trades futures for 6 months, it can apply for ETF.
Currently meeting conditions are mainstream coins including: #LTC, BCH, DOGE, #DOT, #SHIB, #AVAX, LINK, XLM, #SOL, #HBAR, ADA, #XRP
This directly pushes CB to the core of global fund attention, the door for Altcoin ETFs is officially open! Previously, project teams were begging to get on ETF, now ETF institutions are actively focusing on CB. The Altcoin season might truly begin here.
What to watch short-term? These coins are worth paying attention to
#UNI: Recently hovering around $10, unable to go up or down, but with obvious accumulation. Once the market rebounds, such long-compressed coins can easily see a violent surge, keep an eye on it.
#SEI: Rebounding from the lower edge of a clean upward channel, resonating with support and EMA9 area, targeting the upper rail once breaking the middle rail. Maintain a bullish view as long as the trend line holds.
#DOGE: Clear false breakout pattern, quickly suppressed after rising, 8% volatility indicates rhythm not yet aligned. If continuing to drop, Double Top structure will be confirmed, be cautious of upcoming pressure.
#ETC: Showing a standard Double Botto reversal pattern, strongly breaking through neckline resistance. Currently retracing to neckline support, if this position holds, it's a good entry opportunity. If bulls aren't strong, short-term target may be battling in the 25-27 range.
#SUI: Quickly rebounding after 4.3 liquidation, but lacking further fuel. If market sentiment follows, ready to surge again, short-term pay attention to sentiment trigger points.
Summary: During market divergence, focus on the main line - ETF+ETH is the core, Altcoin ETF is a new opportunity. Don't chase blindly, grasp the rhythm, which is more important than the market.
That's it for the article! If you're feeling lost in the crypto, consider joining me in layout and harvesting from market makers! Follow public account: Crypto Meow y
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