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Morning Analysis
Last night, the bulls tried to launch a midnight rally. The big cake (BTC) was lifted to the 79,400 level at one point, then met resistance and pulled back. After that, the price quickly dropped lower, aligning with the bearish outlook of the Sun and Silk Road, with no need for further coordination. Bullish momentum has clearly weakened: the highs keep moving down step by step, and during the decline phase, trading volume increases in tandem. Although a brief selloff-stabilization signal appeared at the lower levels, the rebound strength was weak, and the volume structure still supports a downward move. The overall market today is clearly dominated by bears, and the trading approach should mainly focus on going short at higher levels.
Trading Suggestions
Place short orders around 78,800-79,300 on BTC, targeting 76,800-77,300 nearby
Place short orders around 2,390-2,420 on Ethereum, targeting 2,290-2,320 nearby$BTC $ETH #Gate13周年现场直击
Actually, it doesn't depend on how much $ASTEROID can rise.
But the problem is, ETH itself is the birthplace of memecoin—$SHIB , $PEPE , $JOE , $MOG ... too many OG-level memes have validated wealth effects here.
Trying to completely pull users out of this narrative pool isn't that simple.
It's just an amplifier, not a switch.
What truly determines the market trend is—where can continuous profit effects still be generated?
As long as ETH memes can keep hitting new highs and new narratives can keep taking over, capital won't leave.
Because the market is simple:
Money always flows to the place that "makes the most money, tells the best stories, and spreads the fastest."
The current problem with BSC isn't a lack of a coin explosion, but a lack of a complete narrative chain that can continue to relay.
More importantly, "do users have a sense of direction?"
ETH has a zoo, with OG meme cultural accumulation;
SOL has foreign meme culture, with natural dissemination soil;
But BSC has been stuck at the level of "narrative visibility"—not that there's no content, but that it hasn't been continuously amplified.
Like #HakiMi, an independent IP, its dissemination ability is actually very strong, and even now, you can still see its emoji packs circulating on Xiaohongshu;
$BNBHolder 's narrative is also very direct, but in the end, it stops at "single-point emotion," without forming continuous relay.
Single-point explosions are useless; capital can't be retained.
You can pump one coin, or ten coins, but if the follow-up can't keep up, liquidity will still flow away.
The same applies to SOL—it's not that anyone is in a hurry, but all three chains are fighting for the same thing:
Attention + liquidity + the ongoing right to hot narratives.
It's not a war between chains, but who can keep answering one question:
Where's the next piece of meat?
As long as ETH can keep providing answers, this wave won't end easily.
@heyi @cz_ @