Why have BTC and ETH been able to rise these days?

Old seasoned traders tell you: it’s not because you are bullish First, the conclusion: Yes, both BTC and ETH have risen in the past two days, and the gains are not insignificant. But if you think this is a “bullish quick return” or a “all-in signal,” I advise you to take your hand off the mouse first, brew a cup of tea, and listen to an old trader who was pressed to the ground and rubbed by the market since 07. I entered A-shares in 07, and was educated on how to behave during the 08 financial crisis; Started playing with leverage in 10, and deeply understood that “liquidation is not an accident, it’s only a matter of time”; After officially entering the crypto space in 20, I learned one thing: Whether the market rises or not doesn’t matter; what matters is—why is it rising at this particular time. First thing: this is not a crazy surge, it’s “a rebound is due” The strength of this BTC rally boils down to one sentence: The decline was enough before, shorts made enough money, and longs can finally breathe. What was the market like recently? —Uncertain interest rates, funds on the sidelines, ETF approvals stuck, sentiment like expired yogurt. In such an environment, it’s already a miracle that prices haven’t collapsed. So this current rise is more like: 👉 Short covering + long probing + sentiment recovery. Note, this is not the main upward wave; it’s the market returning from “extreme pessimism” to “less pessimistic.” Second thing: ETH rising along with BTC isn’t because it’s so strong, but because it can’t not rise Many people ask: “Why does ETH move together with BTC?” The answer is very realistic and harsh: Because it’s mainstream, it can’t fall behind. ETH now is like the financial stocks in A-shares back in the day— Not necessarily the most glamorous, but definitely cannot be absent. Once funds flow back into the mainstream, BTC is the big brother, ETH is the second-in-command, You may not love it, but you can’t pretend it doesn’t exist. Moreover, ETH’s structure is healthier than before, The necessary corrections have been made, and the profit-taking is almost done, This rebound at this position is logical from a trading perspective. Third thing: the real key isn’t the rise itself, but “who didn’t rise during the rise” Experienced traders always look at the market, never just at “who is rising,” But at—who should be rising but isn’t. What does it mean that BTC and ETH are moving now? It indicates that systemic risk is decreasing, but the conditions for a full-scale bull are not yet mature. If your mind is full of: “The bull market is back!” “Not buying is missing the era!” Then I can only say one heartfelt old saying: The market loves to teach people to start over at such times. So, what do I think? A simple version: 👉 This rally can be participated in, but it’s not worth getting overly excited. It’s a trading opportunity, not a faith recharge It’s structural repair, not trend confirmation It allows you to make money, but doesn’t guarantee you won’t give it back I won’t shout about bull or bear markets, nor will I make you PPTs worth ten or twenty thousand. I only believe in one thing: Where the market goes, do what needs to be done. Last, a final rambling from an old seasoned trader The recent rise of BTC and ETH, Is not a dinner invitation, More like a glass of wine the market offers you— You can take a sip, but don’t chug it all at once. A trader who lasts long isn’t because they see clearly, But because they haven’t been played to death in each cycle. Above all, this is purely personal subjective bias. Heroes and warriors are welcome to come and criticize.