Last night's CPI data confirmed that inflation is in a downward channel, which greatly boosted market expectations for the Fed to soon begin a rate-cutting cycle. The market believes that the "high interest rate era" is about to end, and the gates for liquidity easing are expected to reopen. This is very favourable information for Crypto Assets such as Bitcoin, which are seen as "risk assets" and "inflation hedging assets."

Therefore, this wave of rebound is not just a temporary stimulus, but an important catalyst and continuation of a new round of bull market. It has given the market a clear macro turning signal, attracting the attention and entry of a large amount of traditional funds.

BTC, ETH, and SOL represent different narratives; they may take turns leading the charge in the short term, but each has its advantages in the medium to long term. Bitcoin is the cornerstone of the entire crypto market and "digital gold." In the early stages of a macroeconomic shift, BTC often benefits first and is the most stable. The spot ETFs from giants like BlackRock and Fidelity are huge channels for capital influx, and the first stop for traditional funds entering the crypto space is usually BTC. If the expectations for interest rate cuts continue to ferment, BTC will remain the preferred choice for institutions and macro funds.
The short-term leader and stabilizer. Its breakthrough has opened up upward space for the entire market.
Ethereum's trend closely follows BTC, but its greater potential lies in its vast ecosystem (DeFi, NFT, GameFi, etc.). Once market sentiment turns aggressive, after allocating funds to BTC, investors will prioritize seeking "Beta" assets with higher growth potential, with ETH and its ecosystem tokens being the main choices. Furthermore, the expectations for Ethereum ETFs are also continuing to heat up.
The main engine of the mid-term bull market. If BTC stabilizes, the performance of ETH and its ecosystem may shine even brighter, with growth potentially surpassing BTC.
SOL represents the "Altcoin" narrative of high risk and high reward. It occupies an important position in retail users and meme coin culture due to its extremely high trading speed and low fees. When market sentiment is good, SOL often brings even more astonishing gains due to its high volatility.
The strongest barometer of market risk appetite. Its strong breakout itself proves that market speculative sentiment is very high. However, volatility is also greater, and the magnitude of pullbacks may also be deeper.

I am more optimistic about the three forming a tiered rotation. BTC is the foundation and leader, providing direction and confidence to the market; ETH is the core and middle force, absorbing overflow funds and igniting the ecosystem; SOL (and other strong Altcoins) is the vanguard and spearhead, used to maximize market profits and sentiment. If I must choose, BTC and ETH have higher certainty, while SOL may have stronger explosiveness.

· Short-term trend: After such significant Favourable Information and a strong breakthrough, market sentiment is extremely exuberant, and the momentum for further gains is strong. However, no market rises straight up, especially in Crypto Assets. After a rapid surge, profit-taking will lead to a technical correction, which is healthy and necessary, allowing for the accumulation of strength for subsequent increases.

The bull market is long and gloomy. While celebrating, it is essential to maintain respect for the market, manage risks properly, and avoid using leverage or borrowing to invest beyond one's capacity.
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