In the recent market surge, the altcoins that have been riding high in popularity are mostly seeing deep pullbacks. After the drop, it is hard for them to move into a recovery trend. Funds inside the market are continuously exiting, with a collective rotation back into Bitcoin’s main track.

As I told everyone earlier, the true nature of this round of artificially stirred-up altcoin action has long been exposed. After the thematic bonus tide retreats, the overall trend of niche coins will continue to weaken. Although there was some fund manipulation and position control on the earlier chart, the trend was relatively well concealed; more recently, the controlling capital has clustered in and entered the market. Market speculation sentiment has become overly exuberant, making it easy for coins to face the risk of a high-level “blow-up” at the top.

Take targets like RAVE, for example. In the short term, the surge magnitude is extremely exaggerated. The project itself has no underlying fundamentals support and no value in terms of technological implementation. It relies purely on highly concentrated chip control to pump the price, and the price action is extremely distorted—so a fund breakdown and subsequent pullback is an inevitable course of action.

Funds flowing back from niche altcoins into Bitcoin will also directly drive the market’s price action. Bitcoin is currently at a key boundary position between bullish and bearish forces. If the market once again expands volume and pushes upward, it will likely be able to challenge the 80k level.

This is also the core defensive position of the market’s short side. Once there is an effective breakout and a successful passage, market bullish sentiment will fully recover. The short positions will most likely collectively stop out, liquidate, and exit passively, and the chart will see a new round of upside rally.

At present, the coin price is oscillating and consolidating around the 780 range. Fundamentally, this is the main force accumulating and building positions at low levels. After the buildup is completed, the probability of breaking upward through the 80,000 integer level is very high.

Operation recommendation:
Buy long at 77500-77700

Target
79000-80000#WCTC交易赛瓜分800万USDT #加密市场行情震荡 #rsETH攻击事件后续进展 #美伊谈判陷入僵局 #ETH链Meme币FLORK拉升