In his latest video, Cold Blooded Shiller pushes back against the bearish sentiment flooding social media, arguing that the crypto market remains in a strong uptrend despite short-term volatility. He highlights Bitcoin's consolidation, Ethereum's bullish setup, and Solana's continued strength, emphasizing that many traders are overly focused on speculative meme coins rather than recognizing the clear bullish momentum in major assets.
Bitcoin Outlook
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Bitcoin remains in a strong uptrend, consolidating within a 10% range between $98K and $110K over the past 12 days.
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Despite bearish macro discussions, there is no technical indication of a market top, and BTC is maintaining its upward momentum.
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Many traders are overanalyzing short-term moves, failing to see that Bitcoin is simply chopping within a healthy range before another potential move higher.
Altcoins and Stablecoins
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Altcoins remain mixed, with some underperforming while others, like Solana and Ethereum, are showing clear bullish structures.
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Traders are chasing low-quality meme coins, leading to poor decision-making and overtrading.
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Market selection is crucial, and focusing on high-quality assets over speculative plays will likely yield better returns.
Ethereum and Solana
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Ethereum is setting up for a major breakout, with Cold Blooded Shiller predicting a $5K target by March.
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ETH has printed a fresh higher high on the weekly chart, and the RSI reset to 50 suggests a strong bullish continuation.
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Solana recently made fresh all-time highs, then pulled back for a healthy correction. This reset in momentum suggests SOL is ready for another push upward.
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Traders focusing on negative sentiment are missing the simple and effective bullish setups on ETH and SOL.
Broader Market Trends
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Crypto Twitter is overly emotional, with traders reacting irrationally to short-term moves.
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The macro landscape remains uncertain, but the technicals indicate bullish strength, particularly in Bitcoin and high-quality altcoins.
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Meme coins dominate the market’s attention, but many traders are ignoring the clear bullish setups in majors like ETH and SOL.
Final Thoughts
Cold Blooded Shiller urges traders to stay focused on the charts and avoid emotional decision-making. Bitcoin, Ethereum, and Solana remain in clear uptrends, and market conditions continue to favor upside momentum.
Rather than chasing high-risk speculative assets, traders should focus on simple, high-conviction setups in majors. With Ethereum setting up for a breakout and Solana continuing its strength, the bullish momentum in crypto remains intact.
