#以太坊行情解读 Just look at the voices of those celebrities and institutions to know—analyst Tom Lee, who has been calling the bull run since the beginning of the year, executives from mining companies like Bitmine, and well-known figures in the investment circle like Erbao, all have a bullish outlook on Bitcoin's prospects. Their logic is also sound: from the monthly chart, even if BTC dropped from 69K to 15.5K, it hasn't broken below the 120-month moving average, and this line may be hard to breach for the next decade.

But there is a problem here - their perspective and ours are simply not on the same dimension. Large institutions talk about big cycles of 5-10 years and macro liquidity patterns, while most of us operate on K-line rhythms of 1-2 years or even a few months. With such a difference in time frames, how can we use the same set of logic?

The current situation of ETH is quite interesting. The mainstream view defines the drop from 4100 to 2700 as the first wave, and the rebound from 2700 to 3500 as the second wave. I agree with this framework. But it must be made clear—there is another possibility, which is that ETH first explores the area of 2200 to 2400, and then rebounds to 3500; it's just that fewer people discuss this path.

The key is not to be swayed by emotions. The long-term optimism of the celebrities and our short-term operations are two different matters. Next, patiently wait for the market to provide its own answers, without frequent fluctuations. $BTC $ETH