#ETH Returning to $3000, #比特币 also standing at $90,000, various altcoins have collectively taken off – is this a signal of the bull market's return, or just a false move before the bear market hits bottom?

My judgment is clear: this is just a pullback during the bear market's bottom-seeking process.

The reason is simple: although Bitcoin and Ethereum are surging, BNB is still struggling around $800. As the largest platform coin and the face of the crypto world, its lack of a explosive rebound indicates that the market as a whole has not truly entered an upward channel.

Such big ups and downs in a bear market are too normal: first, there is a violent rebound to attract attention, then it turns down again.

Looking at this wave of rising altcoins, like BANANAS31, ORCA, and DODO, they are basically driven by market sentiment and hot money, lacking solid fundamental support. If a bull market really comes, the ones that should rise are leading projects like ASTER, UNI, and TAO that have technical strength and ecological support.

When the leader does not rise, but a bunch of bubble projects are celebrating, it is a typical bear market characteristic.

In this market, it is essential to prioritize stability. It is recommended to focus on mainstream coins and fundamentally strong targets: BTC, ETH, BNB, and SOL are the first choices, while TAO, ASTER, and UNI can be considered as secondary options.

If you are willing to take higher risks in pursuit of returns, you might consider shorting BTC and ETH. If you are a steadfast investor who only plays spot trading, I recommend focusing on $UNI.

UNI, as the leader in the DEX field, is an important cornerstone of the Ethereum ecosystem, with Vitalik Buterin backing it. The entire DEX track has broad prospects, with big names like CZ and Vitalik, as well as Sun Yuchen, all recognizing the future of decentralized exchanges. Especially Sun Yuchen, you can criticize his operations, but you cannot deny his vision—this guy is indeed accurate in judging trends.

For DEX, why do I recommend UNI over ASTER? Not because I do not believe in ASTER, but because UNI is about to launch a dividend mechanism. With long-term holding and regular investments, over seven years, the return difference between those with dividends and those without will be immense.

Think about BNB, which rose from $1 to $1200, a real increase of 1200 times. But why does everyone say it has risen more than 20,000 times? It's because in addition to the price increase, there are also airdrops, interest, and dividends. It seems to have increased 1200 times, but the actual returns are more than twenty times higher.

Assuming in seven years, UNI rises 50 times to $300, and ASTER rises 100 times to $1000, but in the absence of dividends for ASTER, its actual yield might be lower than that of UNI, which has dividends. Understand this point, and you will truly grasp value investing.