Bitcoin oscillates around $95,000
Bitcoin has recently warmed up, approaching $98,000 on May 2nd, but failed to break through at high levels after several days of consolidation, and fell below $94,000 last night. Currently trading at $94,566, its trend remains unclear and is still in a range-bound oscillation.
Ethereum, how many people has this bull market trapped?
Currently, ETH continues to oscillate around $1,800, with weak liquidity and a risk of pullback to $1,700.
Let's look at Ethereum's mysterious operations this year: From announcing an upgrade in December last year to dragging it until May, the price has only gone lower. Tomorrow (5.7) will finally see the Prague upgrade, but ETH remains indifferent, even experiencing a sharp drop in the morning, completely dependent on Bitcoin and US stocks. Honestly, if it rises in the future, it won't be due to its own merit, but because of the overall market. Bitcoin has already broken through the previous high of $69,000, rising 60%, while ETH hasn't even touched $4,900. Many people have been waiting for a breakthrough, but the foundation sold at around $4,000, creating a fake breakout. It's truly disheartening. Let's look at other Altcoins: Pepe has multiplied by dozens of times in two years; SOL went All In at $80 in January last year, successfully escaping at $260 during the Trump coin wave.
The current market shows significant structural differentiation, influenced by macro environment, capital rotation, and regulatory expectations. Mainstream cryptocurrencies have strong resistance to decline, while Altcoins generally pullback, especially the previously strong AI and MEME sectors. Overall, the first buying point in this market was in mid-April, and it is currently in an adjustment period, with the second layout opportunity expected in mid-to-late May.
Currently recommended to wait and observe, and consider entering the Altcoin sector after mainstream cryptocurrencies stabilize. The focus remains on GameFi, AI, and MEME sectors, with other sectors mostly following. Those who made money in this bull market had nothing to do with ETH. I will subsequently choose BTC, SOL, and MEME coins with strong consensus like Pepe. The previous wave had Doge and SHIB, this wave has Pepe, and the next will have a new "dog king".
For ordinary people, betting small to win big is the real opportunity.
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