Where is the market headed next?

That's a good question. To understand the next move of the market, we need to first clarify the logic behind the current market situation.

From a macro perspective, what are the supporting points behind the recent movements of Bitcoin and Ethereum? What signals are short-term capital flow and technical analysis providing? In the long term, the pace of institutional entry, on-chain data activity, and market sentiment indicators—all of these are worth a close look.

There's also a key question—Is this position an opportunity or a risk? Can trading volume be maintained? Are the main funds accumulating or distributing? All of these factors determine the rhythm of the subsequent market.

Rather than guessing blindly, it's better to piece together data from these dimensions to understand the true state of the market from multiple angles. Only then can we assess the probabilities and risks of the next move.