Recently, I discussed a common topic with several veteran traders: how much longer can this rally last?

**A Few Observations on the Continuation of the Bull Market**

To be honest, the likelihood of a significant upward surge continuing is not very high. From a fundamental perspective, the Federal Reserve has at most 100 basis points of rate cuts this year, and the stimulative effect on the crypto market has already been limited. Unless there is a major liquidity injection after a change in leadership, the positive signals from policy are becoming increasingly scarce — but the probability of that happening is indeed low.

**Is this a rebound or a reversal?**

This month's correction is just a stage-level rebound on the weekly chart, not a sign of a reversal. Looking at volume, capital inflows and outflows, and institutional movements, there are no signs of a reversal. In other words, the conditions for a bearish reversal are not yet mature.

**Reasonable Technical Expectations**

BTC's weekly rebound this time is expected to reach the range of 98,000-102,000. Once there, it will depend on the volume performance to make further judgments. For ETH, resistance is expected between 3,600 and 3,800, and it is highly unlikely to break through 4,000.

These are just technical assessments based on the current situation. If future signals change, expectations will need to be adjusted accordingly.