This week might be the turning point for the entire crypto market. Without exaggeration, both in terms of time and market structure, all critical nodes are concentrated this week!
If #BTC can stabilize this week, or even firmly stand above $120,000, the market is likely to continue charging, heading towards $130,000 or even higher. The same applies to Ethereum. If it can successfully break through and stabilize, $4,000 is definitely not the end point, and it might even surge to over $5,000. This trend perfectly corresponds to the script we described in our June article—a strong market trend spanning the mid-stage of the bull market.
But I personally lean towards another scenario.
Simply put, I believe $123,000 is the high point for BTC this round, and next we'll see if ETH can create a new high. Once a high point is established, the market will enter a retracement phase.
Key areas to focus on:
- First, if BTC doesn't break below $100,000, especially if it maintains the $102,000-$107,000 range, it might build a bottom at this level and have another chance to attack $130,000, potentially even reaching the $130,000-$150,000 interval;
- But if it breaks below $102,000 this week, be cautious—this wave might drop to $90,000-$95,000 for a wash-out, before experiencing a Double Top between $110,000-$130,000, which would be a deep correction in the second half of the bull market.
#Ethereum's scenario is clearer:
- One possibility: first retracing to the $3,200-$3,400 range, then rebounding to around $3,600 to form a short-term high point, before dropping back to the $2,800-$3,000 area, initiating the next wave of growth;
- A more aggressive trend is: directly dropping to the $2,600-$2,800 interval, or even briefly breaking to $2,500-$2,600, then starting an entirely new offensive—with a target directly pointing above $5,000, which is the scenario I'm more inclined towards.
Why focus on this node?
Because once ETH stabilizes, the altcoin season in the second half of the year will truly arrive!
Although it won't be a massive bull market where "all coins take off and ten-fold gains are everywhere", many quality altcoins are expected to have opportunities of 2-3x or more. So this market trend is the last major opportunity in the entire bull market. Miss this critical judgment point this week, and you might lose the initiative for the entire second half of the year!
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