Market Insights Rotations and BTC Round 2 The current sideways movement of Bitcoin can be compared to the period from November 12-18, 2024. The difference this time is that due to companies like ETF and SBet, Ethereum has seen a rebound (EB&ETHUSDT). Overall, there are two predictions for the upcoming market. 1. Bitcoin will have Round 2 (the second wave of increase). Since April 7, Bitcoin has shown a pattern of impulse rises followed by sideways or downward consolidation. For example, from May 9-17, May 23-June 5, and June 12-22, each consolidation lasted between 7-14 days. Based on the peak on July 14, Bitcoin may consolidate for 1-2 weeks before continuing to rise. Considering the reversal issues around the FOMC, although it seems not applicable in trending markets; if applicable, it may mean a peak before a drop by July 31, indicating that a rise should start soon. (A rise lasting 4-5 days means the upward movement should not be later than the 26th.) 2. Rotation The symptoms of the rise since April are: during the 4-5 days when Bitcoin is rallying, altcoins follow with a sharp increase; when Bitcoin is sideways or declining, altcoins plummet. However, after the peak on July 14, altcoins did not decline, which is due to the significant rebound of Ethereum. There are two perspectives to consider here. First, "This is not truly unspeakable, because in true unspeakability, altcoins should not follow any coin." Second, "This is truly unspeakable, because Ethereum is the largest altcoin; Ethereum and altcoins always rise and fall together." Regardless of the perspective, if Ethereum stops rising, it could be quite dangerous for altcoins. At the same time, we observe that the increase in Total3 is much higher than Others. The current risk preference curve is tilted towards large-cap assets. If (after Ethereum stops) large-cap assets can take over and initiate a new rally, it could raise the overall ceiling for altcoins. If large-cap assets also abruptly stop when Ethereum's momentum ceases, then perhaps the upper limit will be when the EB exchange rate peaks. This article is sponsored by #BCGAME | @bcgame @bcgamecoin
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