#加密市场反弹

Bitcoin aims for new highs, Ethereum shows strong catch-up, and the total market capitalization has returned above $3.2 trillion — waking up this morning, the market software is full of vibrant spring vibes. This broad rally led by BTC, amplified by ETH, and the proliferation of altcoins is not just a emotional recovery but may also signal subtle changes in market structure. Here I share my interpretation of the current rebound and recent trading strategies.

1. Judging the nature of the rebound: Is it a reversal point or a phase of correction?

I believe this rebound has some positive features that may indicate sustainability:

· Clear leadership: BTC quickly recovered after a brief test of support, confirming strong buy orders at key levels (such as the $92,000-$93,000 range), providing market confidence anchors.
· Healthy rotation: Funds are rotating in an orderly manner from BTC to ETH, then to specific sectors like ZEN, AXL, rather than chaotic speculation. ETH’s strength (+6.69%) is particularly critical, indicating increasing risk appetite and funds spreading into more resilient and narrative-rich assets.
· Macro alignment: Market expectations for the future rate path of the Federal Reserve are stabilizing, and USD liquidity conditions have not worsened, giving risk assets a breather.

However, caution is still needed: can the overall trading volume continue to grow? Can BTC effectively break through and stabilize near its all-time highs? These will be crucial in determining whether this is a “reversal” or a “high-level consolidation rebound.”

2. The rebound coins and logic I focus on

In this broad rally, I prefer to look for assets with unique narratives and fundamental support rather than simply chasing the top gainers:

· ETH: Not just “following the rally.” The Cancun upgrade effect continues, Layer 2 ecosystem data is impressive, and the expectation for spot ETFs, though delayed, is inevitable. ETH’s outperformance during this rebound may be a key signal. It remains my core holding.
· ZEN: As a representative of the privacy sector, its significant rebound (+19.11%) is noteworthy. In an era of increasing regulatory discussions and ubiquitous on-chain analysis tools, the “privacy” narrative may be re-rated by the market. This rebound has a clear differentiated narrative.
· AXL: Cross-chain interoperability is a necessity, with steady progress in technology and ecosystem collaborations. Its rebound is fundamentally driven, likely resulting in a more stable trend.

For highly volatile coins like LUNA, WIF, I remain cautious and observant. Their rebounds are more driven by sentiment and capital structure, making trading more challenging.

3. My recent trading strategies

Based on the above judgments, my approach revolves around “core holdings + tactical positions”:

· Keep the base positions unchanged: Continue holding spot holdings of BTC and ETH as the foundational participation, avoiding frequent adjustments due to short-term volatility.
· Tactical position directions:
· Focus on ETH ecosystem: Pay attention to strong-performing Layer 2 tokens or core protocol tokens with solid fundamentals during rebounds, seeking opportunities for entry on pullbacks.
· Allocate to “lagging rebound” sectors: Such as certain DeFi blue chips and infrastructure projects, researching and gradually deploying before market enthusiasm fully spreads.
· Strict risk control: Never chase after coins that have already surged sharply (e.g., over 15% in 24 hours) with unclear narratives. Set clear stop-loss levels for new positions.
· Mindset management: During broad rebounds, FOMO (Fear of Missing Out) is most common. My discipline is: better to miss out than to make mistakes. The market never lacks opportunities; what’s missing is patience and capital.

Closing remarks

This #加密市场反弹 is inspiring, but it’s more like a test of our research depth and trading discipline. Amid the noise, I prefer to focus on the essentials: the strength of leading assets, capital rotation pathways, and the long-term value of my holdings.

Markets always rise amid hesitation. Now is the time to review your portfolio, stay optimistic, and tighten risk controls.