Is the BTC dip to 65,000 still supported effectively? Is there still a rebound rally during the Spring Festival? Does UNI still have hope? Are all altcoins going to zero?

Crypto analyst provides a very clear and effective view: the distribution phase at the Bitcoin bull market top has already passed.
We are already out of the bull market, and there’s no going back this year.
Similarly, the accumulation zone at the bottom of the bear market is also similar.
Once you leave, a retest confirms it, and after a few years, you can’t go back.
Having discussed the big picture, let’s talk about the short-term BTC trend. I emphasized in previous articles that the second wave downtrend in BTC has already ended, with a rebound to around 70,000, then a pullback to about 65,000, followed by another rebound. This pattern is very normal. We are aware of the overall short-term direction and won’t be swayed by market sentiment. Looking at BTC’s first wave downtrend, it fell to around 80,000, then rebounded to about 92,000, with a temporary pullback to around 84,000, before finally reaching the target of 98,000.
So, the short-term correction from 72,000 back to around 65,000 is within a reasonable and expected range. There’s no need to panic excessively. The real concern is if it falls below 64,000, which would suggest the market might need to consolidate again. As long as it stays above 65,000, there’s still a chance to rebound toward our final target of 75,000.
ETH currently shows no independent trend; the level around 1900 still remains valid. Overall, just refer to BTC’s trend. During the bull market, ETH performance was average, and in the bear market, it’s even less promising, haha. The same goes for SOL; just treat BTC as a market indicator. Be patient and wait for SOL to drop below 50 to start dollar-cost averaging, and together, we await the next four-year cycle.
Global asset management giant BlackRock announced plans to buy $UNI tokens, causing the price to spike briefly before crashing down and continuing to decline. Despite such major positive external news, there’s no sustained upward movement. If it weren’t for possible wash trading, one might suspect the project team is dumping. Altcoin market conditions have truly entered a hellish phase. Many people are now calling UNI garbage, but I think it’s okay—this is just the bear market.
However, aside from price, looking at the fundamentals, a $2.2 billion on-chain sovereign debt fund has started to “convert to USDC at any time” on UniswapX.
More importantly: BlackRock not only integrated BUIDL but also bought UNI—marking the first time a DeFi governance token has been included in their balance sheet context.
When sovereign debt can be instantly converted into purchasing power on DEXs, DeFi’s role is no longer just “experimental,” but moving toward becoming a part of financial infrastructure.
From this perspective, I remain optimistic about UNI. It’s also one of the altcoins I plan to accumulate during the bear market for the next bull run.
So, to answer our final topic: the current consensus in the altcoin market is that they will all go to zero. I agree with this view halfway, but I’ve always believed that a crypto world without altcoins isn’t really a crypto world. Every mainstream coin has evolved from former altcoins. So, when evaluating things, we need to maintain a dual perspective—avoid black-and-white thinking and extreme positions. During this bear market, I will still select some altcoins I believe are worth bottom-fishing for the next bull run. Of course, I don’t expect 100x returns like in 2017 or 2021, but I am confident in achieving around 5x to 10x. Currently, I’ve observed some altcoins that could be bottom-fished during the bear market for the next bull run, such as HYPE, PUMP, VIRTUAL, TAO, SYRUP, WLFI. What do you think? Or if you have some altcoins you’re optimistic about, feel free to share in the comments for friendly discussion.
That’s all for the short-term market analysis. The market trend is a continuous cycle. Set your alarm, dollar-cost average into Bitcoin during the bear market, hold for 3 years, and then just wait to cash out.
Making money is that simple, most people just don’t want to believe it.
The crypto bear market is ongoing; there are 237 days left until this cycle’s bottom for Bitcoin.
Hope you’ll follow me to get through this tough bear market. When the next bull market arrives, I hope we’re both still here.