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Looking at this market with a bullish perspective, I started sharing my views on the platform around the 85 level, encouraging everyone to seize the rebound opportunity. Someone asked how much more it could fall; my view is this: even if Bitcoin really drops below 80, the downside is only about 5,000 points. But what if you choose to go long? The market's upward potential has no ceiling.
It’s a bit bitter to say, but earlier I held two small-cap coins, and I still couldn’t avoid this round of market shakeout. I entered a short position on River at $16, which rose to $23, with a significant unrealized profit. Then I switched to a long on Beat, opening at 1.5, but it fell all the way to 0.3. These trades definitely weren’t well executed. I later realized that contract trading tests not only analysis skills but also discipline in execution. Even with correct views, the risk of liquidation can’t be stopped.
Now, market sentiment is gradually warming up, and I think the focus should be on mainstream coins first. Bitcoin has already risen quite enough in this wave, but Solana hasn’t shown such strong performance yet. From a technical rebound perspective, SOL is very likely to have a noticeable upward move this time. At least from both fundamental and technical angles, reaching the $300 price range is possible.
Besides mainstream coins, the anonymous coin sector is also worth paying attention to. Monero, as a leading privacy coin, has already had a round of performance, and I believe Dash will follow with some gains.
And for Meme coins, popular tokens related to Dogecoin and Frog can also be added to the watchlist.
The logic behind this round of market movement is quite interesting: the market is giving the players of the previous hot small-cap coins a chance to be rescued. Only when these funds are released will off-market incremental capital be willing to enter. When off-market funds come in, it will stimulate retail traders’ FOMO and bottom-fishing enthusiasm, ultimately boosting market popularity. Once this cycle starts, retail participation will increase significantly.
$BTC’s trend remains worth close monitoring.