Andrew Kang: Bitcoin will not fall below $50,000, and Ethereum's upward limit this year is around $4,000

Andrew Kang, co-founder of Mechanism Capital, said in a post on X: "Some market views currently show that experts suggest that the time for seeking approval/ETFs to be added to wealth management platforms has been postponed from the originally planned end of May to the fourth quarter. Although the market momentum has turned from up to down due to the lack of a large amount of ETF inflows, I firmly believe that Bitcoin is still strong and will not fall below $50,000. Although the weekly chart may indicate a double top, I think the market structure has changed significantly compared with previous cycles, with more DCA buyers creating higher bottoms and equilibrium points for Bitcoin, while large momentum players (such as 3AC, Alameda, Celsius, etc.) have relatively less leverage. For Ethereum, I predict that its price may remain stable until the ETF is listed, but the upper limit of this year's increase is expected to be around $4,000. However, if the fund flow performance is disappointing or there is a large amount of ETHE selling, its price may fall to between $2,000 and $3,000. I noticed that the publicity and familiarity about Ethereum are abnormally high in the market, which also makes investors have higher expectations for ETFs than ordinary buyers. Solana It has outperformed during this cycle, but it has also seen a reflexive nature to the demand for Meme Coin transactions, which has had an impact in both directions. If Meme Coin transactions were to halt in the coming months, then SOL could drop to $80 again.”