❤️August 1st Kunpeng BTC market analysis: the king of resilience VS fragile altcoins! Where is the golden pit for ETH pullback? BTC's major trend remains unchanged even if it breaks down!

▶️ The anti-fall properties of ETH and BTC remain prominent. In contrast, altcoins appear extremely weak during each pullback, with prices fluctuating violently like a roller coaster. In this situation, if the proportion of altcoins in the holdings is too high, it can easily lead to significant fluctuations in the account. In fact, I have been emphasizing for the past six months that for investors with larger amounts of capital, it is crucial to allocate to the top two mainstream coins by market capitalization.
▶️BTC has experienced a prolonged period of consolidation, and there is currently a possibility of a short-term breakout. If BTC cannot rise above 117000 and maintain consolidation, it means that this adjustment may be a pullback level since the rise from 98188, but the upward trend in the larger cycle will not change as a result.
From the current trend, the market has entered a phase of pullback (approximately starting around the 24th). For ETH, it is expected that there will be a 4-hour level of oscillation, with a pullback range locked at 3600 - 3500. Once the price is in place, it will still be an opportunity to re-enter Ethereum.
▶️ Looking at other cryptocurrencies, it is indeed frustrating, especially for altcoin holders who feel it more deeply—the altcoins have "sensed the wind and fled" in advance, showing clear selling pressure. In fact, I emphasized to everyone a long time ago that altcoins are still in the stage of searching for bottoms and consolidating, far from the time of trend reversal. Even so, this kind of market is still a great test for the mentality of holders. For new traders entering the market, it is recommended to focus on trading Ethereum at this stage, which is relatively more stable. In the long run, ETH is expected to break through previous highs, and I remain optimistic about its trend.

‼️ Finally, what I want to say is that the overall trend has not changed. The "revolutionary road" of the cryptocurrency market is inherently long. We can only calmly accept each baptism from the market in order to settle and grow amidst the fluctuations.