In the midst of strategizing, we decide victories from thousands of miles away. Hello everyone, I am Lin Chao, a global financial market observer, focusing on cryptocurrency market analysis, bringing you the most in-depth trading information analysis and technical teaching.

The cryptocurrency market seems to have entered a phase of accelerated upward movement. Following a significant surge the night before last, the market experienced another round of even more intense increases last night. Lin Chao has also received numerous private messages from fans inquiring how long this round of market conditions can last and whether it is suitable to increase positions. Given the recent strong market movements, Lin Chao will focus more on trading and the operations of paid students. For other fans' private message inquiries, I will provide a reference in this article.

From the weekly technical patterns of Bitcoin, it is clear that this round of market conditions has presented definite trading opportunities, with clear positions, confirmed breakouts, and precise pullbacks. These three points of resonance represent the optimal breakout and pullback trading opportunities. Spot holders of Bitcoin and Ethereum need not rush to exit; rather than betting on a peak to escape, it is better to see higher levels at the cost of profit pullbacks. Assuming this round of increases is a valid push, Lin Chao believes we can optimistically see around $150,000. Exiting at this point may cause one to miss the main upward wave.

Currently, we cannot determine that the market has completed its movement. When we look at the hourly chart, we can see that continuous increases mainly occur during U.S. trading hours (3 AM and 5 AM). This means that this round of increases is largely driven by U.S. institutions. However, during the Asian trading session, the initial push did not receive a response, and only after two consecutive days of increases did the Asian market show some follow-up. Therefore, users who already hold Bitcoin and Ethereum in the market can hold their positions and wait for clear signals of a market top before making decisions. Although we can see pullback confirmation trading signals from a technical perspective, we do not rule out the possibility of institutional players pushing prices higher to offload. If users still have spare positions, there is no need to rush to add positions to prevent the market from peaking and then rapidly pulling back. We can also reserve some capital to hedge against pullback risks with contracts.

Lin Chao also mentioned the layout of altcoins in yesterday's article. It is evident that many friends are still quite concerned about the trends of altcoins. Generally, there is an optimistic belief that the bull market initiated by Bitcoin and Ethereum will drive the rise of altcoins. Many users are even convinced that a certain altcoin they hold can achieve a hundredfold return. Lin Chao advises everyone not to be blindly optimistic.

In fact, since last year, the movements of Bitcoin and Ethereum have lost their reference significance compared to other altcoins. They have detached from the game between institutions and retail investors, becoming more of a competition among institutions. Especially for Bitcoin, for most retail investors, it can only serve as a reference for sentiment rather than a reference for price movement. Therefore, it is common to see Bitcoin rise while altcoins remain stagnant, and Bitcoin fall while altcoins plummet. Moreover, the chips in the cryptocurrency market have long been concentrated in mainstream coin trading. Lin Chao believes this actually provides a good opportunity for contract users to make targeted judgments about altcoin trends, especially in the context of the recent widespread rise. If Bitcoin shows signs of a top formation, then altcoins will naturally lack buying support, and their decline will be faster and more pronounced than that of mainstream coins. This actually provides a clear emotional signal, so short-term contract trading for altcoins is relatively easy to judge in the current market. As for whether the "altcoin season" has arrived, it is advisable to wait until the market shows clear indicators before making judgments, rather than impulsively entering due to temporary FOMO.

For Lin Chao, as long as this market exists, there will always be trading opportunities. I prefer to focus on confirmed market conditions. Taking SOL as a simple example, while Bitcoin continues to hit new highs and Ethereum breaks through resistance levels, SOL's performance clearly only meets the standard of "following the trend." From a daily chart perspective, SOL is currently fluctuating around $160 and has not yet broken through the price of $187 from May 23, indicating a clear lack of sufficient capital entering at this point, limiting profit potential. A fan asked Lin Chao if this is the right time to add positions; my suggestion is not to add, but to wait until the price breaks through the resistance level before making a decision. If this round of increases in Bitcoin and Ethereum is driven by U.S. institutions, we can judge that mainstream altcoins, including SOL and XRP, are more driven by small institutions and retail investors. Moreover, this slight increase has not fully ignited market sentiment, and most retail investors are still in a hold-and-observe state.

XRP is similar; compared to SOL, XRP's movement is relatively gentle and stable, indicating that the chips held by holders are relatively concentrated, and it has been in a high-level consolidation range for a long time. If the market starts to move, Lin Chao believes XRP's short-term explosive potential may exceed that of SOL. However, XRP is still below its resistance level, and from the trading volume perspective, it has not formed a significant increase, possibly due to the lack of market news stimulation, with more of a sentiment-driven trading atmosphere.

If mainstream altcoins like SOL and XRP are experiencing insufficient momentum, then other altcoins are unlikely to perform significantly. Of course, we cannot rule out that some concentrated altcoins may take advantage of this round of upward trends to rally, but these are low-probability events. As a long-term trader, low-probability events should not be used as references for trading strategies. I am currently considering taking profits on the altcoins I previously held during this round of increases.

I will not elaborate too much on other altcoins here, as each coin's movement is different, and market sentiment varies. It is not appropriate to generalize based on a single coin. If anyone is unsure about entry and exit points or lacks direction in judging future market conditions, you can also message Lin Chao privately. However, when the market moves, I will focus more on the trading itself, so please forgive me if my responses to private messages are slow.

The success of investment depends not only on choosing good targets but also on when to buy and sell. Preserving capital and making good asset allocations are essential for steady progress in the ocean of investment. Life is like a long river flowing into the sea; what determines victory or defeat is never the gains and losses of a single pass or moment, but rather the strategy before action and knowing when to stop to gain.

This article represents personal views and does not constitute any trading advice. The cryptocurrency market carries risks; please invest cautiously!

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