Brothers, don’t look at the recent pullback; looking at the entire April, the market is actually very strong. Bitcoin has increased nearly 14% this month, higher than the historical average, and it’s the strongest single-month performance in nearly a year.


What does this indicate? Prices are volatile in the short term, but the long-term cycle is strengthening. Ethereum has risen 11% this month, although weaker than Bitcoin, it hasn’t broken support, and capital hasn’t fully dispersed yet.
Historically, during such times, it’s either a pause during an uptrend or a sign that funds are flowing from Bitcoin to other coins. I lean more towards the first, but the boundary is becoming increasingly blurred.
The key signal is: if the monthly returns are still positive after the pullback, it indicates that large funds haven’t left; instead, they are rotating at high levels, reallocating chips.
Next, the focus is on whether Bitcoin can maintain its strength by the end of the month, whether Ethereum can catch up, and whether capital will disperse into altcoins. The big trend is always determined by the monthly chart, not the daily chart.
BTC-0.43%
ETH-1.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments