May 22 Market Analysis: Today, we won't conduct too much technical analysis of the market. Instead, I will share my bullish and bearish views from two perspectives.
First, from a rational perspective, looking at the market, since it has broken through new highs and the rally has been very determined, the willingness for the market to continue to rise is certain. After all, from the past bull markets, when the market breaks through historical highs, it marks the beginning of a significant upward trend and celebration. It has been a long time since this market has felt such a vibe. Without extreme euphoria, how can there be tragic stories in the future? As the ancients said: Extreme joy leads to sorrow. Only when you have experienced it can it ignite human greed. Thus, from the market perspective, the alternating cooperation of Bitcoin and Ethereum, along with the indicators, shows that something big is coming.
Secondly, from an emotional perspective, let’s observe that the anticipated altcoin season has yet to arrive. Bitcoin is still in a solo celebration, with some sectors performing well, but let’s not forget how much they have fallen before. Perhaps they will never return! Everyone is expecting Ethereum to lead the altcoins to rise collectively, but we must understand what leading means. It can drive sentiment, but a rally requires capital. Is there that much outside capital? Even if there is, the external retail investors have already been trapped, and those coming in now are all smart money with high recognition. Thus, the rise of altcoins is temporary, but the corrections are collective. Insufficient market liquidity can lead to the 'death' of some altcoins. Long believes that when the market rises too much and becomes weak, there may be another correction.
Therefore, I also boldly predicted $108,612,471,268,000, and I believe that #ETH will eventually do well, as now, apart from the consensus of $16,258,289,173, there is only ETH. In fact, the construction and ecosystem of the Ethereum network have always been stable; its market and timing just have not arrived yet. However, who can provide liquidity for the altcoin market? It’s just an empty shell; the market’s liquidity for altcoins is quickly drained, so there’s no need to say much. Choosing wisely is very important.
In summary: Under long-term belief, I will be more cautious in my operations now. This market is no longer a place where ordinary diamond hands can make money; paying attention to risk is my current subjective operation.