BTC
BTC broke through 93905 to reach a new high in the early morning, showing a typical upward breakout of a triangular fluctuation, but soon experienced a pullback. This trend likely confirms the second scenario I mentioned earlier: breaking upwards to a new high, attracting bulls to enter, and then quickly falling back down.
From a short-term perspective, its support levels are around 91400 and 90500. It is worth noting that while BTC rose in the early morning, most altcoins did not follow suit, with only a few strong coins barely keeping up.
In the current market situation resembling a fish tail, I believe that large capital operations are no longer a wise move. If choosing to buy BTC, its price is already at a high, just a step away from 100,000, and the risk is gradually increasing; if choosing altcoins, most coins are continuously declining, and even with slight increases, they will quickly drop back to their original positions during corrections, making operations extremely difficult.
The current strategy should focus on those coins that show strong performance, combining wave market operations while maintaining flexibility. At the same time, good position management is essential to prevent losses from chasing highs and selling lows in such a fluctuating market.
