Looking back at the first half of 2025, the surge of Bitcoin and Ethereum together hit new all-time highs successively. Market sentiment was high, funds flowed in, profit-taking effects were significant, and various sub-sectors were active. By the end of the year, the market suddenly reversed. Bitcoin stabilized around the 80,000 level, while Ethereum retraced to around 2,600. The weakness of the two leading cryptocurrencies led to a market correction, with previous gains being largely wiped out. Market sentiment shifted from exuberance to cautious panic. Currently, the market is trapped in a range-bound oscillation, which is both a test of the remaining momentum from the previous bull market—digesting trapped and profit-taking positions, and testing support and resistance—and a buildup for a new bull market revival. During this process, the market completes reallocation of chips and reshaping of the pattern. [咖啡][咖啡][咖啡]#我的2026第一条帖