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Recently, I observed the Crypto Assets market and found that many potential Tokens in the AI zone have been underperforming, including the AI leader, which has not shown a clear pump trend. It is worth noting that $TAO has been continuously falling over the past three days, which could be a warning signal for the overall market condition.
Although there is a strong bearish sentiment in the short term, I believe it is still too early to conclude that the altcoin season has arrived. Currently, there has not been a large-scale zone rotation in the entire altcoin market, which indicates that the market is still in a wait-and-see state.
Regarding Ethereum (ETH), I expect it may continue to bottom out in the short term. My personal strategy is to look for long opportunities around $4080. This judgment is based on several factors: first, the interest rate cuts seem to have become a determined direction, which usually boosts the Crypto Assets market; second, although the overall market reaction appears somewhat cautious, the buying sentiment for ETH remains relatively strong.
Considering these factors, my current operational plan is: to continue focusing on ETH's coin-denominated perpetual contracts, placing an order at the $4080 position, and preparing to open a long position with 3% of my capital. If the price continues to decline, I will adopt a 1:1:5 averaging strategy. It is worth mentioning that although there may be fluctuations in the short term, I do not consider opening a short position from a long-term perspective.
Overall, in the current market environment, it is crucial to stay vigilant while maintaining confidence. Although the AI zone and some altcoins are performing weakly, the fundamentals of ETH remain strong. Investors should closely monitor market trends, patiently position themselves at the right price levels, and also manage risks effectively.