Legendary Trader Pigeon’s Latest Viewpoint — Bullish 1. $BTC ‌ Has already approached the cyclical bottom; in the next roughly week, it’s very likely the true market initiation window (hopeful for an upward move); many altcoins also have a chance to break through the current consolidation range. 2. From the overall trading volume (Volume) and open interest (OI), many tokens can actually see significant price surges with only small increases in new buy orders, so the market as a whole remains in a “low allocation” state. 3. The most critical current signal is whether BTC can effectively break through and hold above $80k; subsequently, core mainstream coins like Ethereum, Solana, Hyperliquid, and others need to start a new upward trend simultaneously for market sentiment to further expand. The market is at a crucial breakout point; the direction choice in the next few days is very important.

【$ON Signal】1H bearish divergence + strong selling pressure, waiting for a pullback to buy $ON Currently at 0.18228, 1H MACD shows a death cross and histogram turns negative, price hits a new high but momentum diverges, deep imbalance -29.12% indicates selling orders are suppressing. 4H Bollinger upper band at 0.1857, RSI at 75.6 indicating overbought, but funding rate at 0.0256% is relatively high, open interest remains stable. Short-term rally faces insufficient buy support, increasing the likelihood of a pullback. 🎯Direction: Long (buy on pullback) ⚡Entry/Order: 0.18000 (recommended entry zone between 0.15691-0.18137, wait for a pullback near 0.180) 🛑Stop loss: 0.14507 🚀Target 1: 0.18245 🚀Target 2: 0.18318 🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss up to 0.1800 to break even. If price drops below 0.178, exit proactively. Depth logic: 1H MACD bearish divergence signal combined with selling pressure in the order book, short-term profit-taking demand is strong. But the 4H trend remains bullish, and a rebound is likely after a pullback to the EMA20-1H (0.1763) support. Although the risk-reward ratio is low, the win rate depends on precise entry timing. This structure is not suitable for chasing high; patience for a pullback is more prudent. Check real-time market 👇 $ON --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate广场五月交易分享 #BTC重返8万 #日本国债上链24小时交易

Just been looking at the ETH rainbow chart again and it's wild how useful this thing is for understanding where Ethereum sits in its long-term cycle. So basically this tool maps ETH's price on a logarithmic scale against these colored bands that represent different valuation zones over time. Right now ETH is trading around $2.31K, and according to the rainbow chart model, we're sitting in what they call the 'Still Cheap' band - roughly between $2,577 and $3,652. What's interesting is that even though we're in this zone, it suggests Ethereum is still reasonably priced relative to its long-term growth trajectory, just not at those deep discount levels anymore. The chart basically works like this: at the bottom you've got 'Fire Sale' territory (extreme pessimism, $994-$1,340), then 'Undervalued' ($1,340-$1,843), then 'Accumulate' where smart money historically builds positions ($1,843-$2,577). Above where we are now is 'Steady' ($3,652-$5,252), which is supposed to represent balanced conditions. Keep going up and you hit 'HODL' territory, 'Is This the Flippening', and eventually 'Maximum Bubble Territory' at the top. The way this ETH rainbow chart works is it doesn't predict exact prices - it's more about showing you where price sits relative to the historical trend and adoption cycles. Pretty useful mental model for understanding if we're in euphoria or if there's still room to run. The bands adjust over time as the long-term curve expands, so it's dynamic rather than static levels.