BTC stabilized around 116,000 after continuous adjustment over the weekend.
From the current market structure, this bull market is far from over. 120,000 is definitely not the endpoint. There will likely be another wave of increase in August and September, and reaching 140,000 is not a fantasy.
Everyone has seen ETH's strength, with 8 consecutive green days directly boosting the entire market. To be honest, there are no major positive news, purely due to continuous external funds entering the market and treating it like a stock. For retail investors, the ecosystem opportunities around ETH are currently the most worth paying attention to.
ETH is rising sharply, and altcoins are also starting to recover.
I have always emphasized that buying back small coins in batches at low positions is finally entering the harvest stage. Based on the current rhythm, there may be a staged high point in September, followed by an adjustment, and then developing the year-end market. #SOL has already started to take over, rotating after ETH's rise, and continues to be held. This wave first looks at the 185-194 targets, with a very clear short-term logic. 200 might not even be the endpoint.
PEPE leads the surge, Doge has broken through, altcoins have fully launched!
ETH continued to surge last night, with the market collectively dancing. #PEPE directly soared, and I couldn't help but chase another wave. #Doge is also moving beautifully, already above the previous high, with a daily W bottom, first targeting 0.35. I believe PEPE can also keep up the pace.
#PENGU directly took off, with no pressure at the top, possibly even reaching 0.04, which surprised me. We don't gamble on emotions, only trust the K-line. This wave of animal kingdom trio all rose over 10%, can lock in half the profits first, and keep the rest to observe performance.
Now, the most difficult thing is not judging whether a coin is good, but whether you dare to take a position. The anxiety period of the altcoin bull market has arrived. Everyone is repeatedly jumping between "miss the pump → chase the rise → sell in panic → regret". No one can be perfectly accurate, but if the direction is right and you hold on, that is victory.
Interlude: What's the situation with the stablecoin bill?
To be honest, I don't even understand what's going on, but the market is actually surging because of this old news from the 10th... Sometimes, too much information makes you hesitate to act. For example, #ASP has updates in details, with a match at Metaera in the afternoon and Buidkey at night, with limited trading for the first 15 minutes of the whitelist.
Here are a few additional altcoin strategies:
#LTC: Chased a wave yesterday, currently daily line directly rushing to the supply area, rising from 80 to 105, with strong momentum. If stable above 125, might open a new channel of 150-200.
#DGB: The focused DGB has started to exert force, consolidating for a while before a strong surge, with funds clearly entering. As long as it doesn't break the support level, continuing to be bullish is no problem. The key is to see if there will be a volume breakthrough, which would basically confirm the momentum turning bullish.
#YGG: Currently in a standard descending triangle, support has been effectively verified multiple times. It has fallen to the AB=CD symmetric position, with a good location to try a light position, stop loss at 0.1686. The fact that it didn't continue to drop after a historical high volume suggests weakening selling pressure. If it forms an ascending triangle and breaks through, it may rush to around 1.65. If a callback occurs near the 0.82 previous high, it might evolve into a compound head and shoulders bottom structure, continuing to be bullish.
#BMP: NFT + Memecoin hybrid coin, originally a free Punk-like NFT on the ETH chain, later migrated to BSC, completely decentralized. Estimated cost over 500 million, currently almost free. I'm holding 3,000 myself, observing long-term. If this project doesn't become popular, it would be against reason. Currently, it depends on whether a stronger platform can push it, such as listing on Alpha or opening spot trading. It might become the next Cheems.
The most difficult part of a bull market is believing it will continue to rise without being blindly All In. As long as the direction is right and you can withstand the pullback, the rebound will naturally be yours. Missing out is not scary, missed 2x coins can continue to be found. The key is not to be disrupted in rhythm. I will continue to be a diligent worker in the market. I hope you won't be led astray by emotions and can steadily hold your share of dividends in the bull market.
The article ends here! If you're feeling lost in the crypto world, consider planning and harvesting with me! Follow the public account: Crypto Meow y
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