After scanning a round of altcoins, most altcoins have experienced a price increase over the past ten days, reaching relatively strong resistance levels near their neckline. The prices are oscillating around these neckline levels and have not quickly chosen to break upwards.
Most altcoins' daily indicators show varying degrees of overbought signs, and there hasn't been a significant pullback trend in the past two weeks.
Bitcoin is oscillating at a high level, and Ethereum has also seen a significant increase. The daily indicators are also showing overbought conditions, with prices approaching previous high points. A pullback before continuing to rise would be healthier.
Traders chasing high positions at these elevated levels need to be cautious, especially with high-leverage long contracts. If Bitcoin and Ethereum choose to adjust downwards, altcoins may take the opportunity to drop significantly, leading to larger fluctuations.
There is no need to worry about spot trading; this round of altcoin trends will continue. A drop provides an opportunity for you to buy in on the spot. You can buy in batches at lower prices; at least until the first half of January, altcoins will continue to rotate.
