Bitcoin has surged to 100,000 and is now experiencing a pullback. The 100,000 USD mark is an extremely important psychological barrier, and it fluctuates back and forth at this level, which is a process of exchanging chips and is a necessary stage for a healthy rise. Although Bitcoin's decline is not significant, Ethereum has suffered severely, dropping from 4,000 USD to around 3,500 USD last night, then rebounding to 3,800 USD, showing only a slight struggle, with a single-day drop exceeding 5%. Even worse is the altcoins, with Solana plummeting 8% and SUI falling 12%, having declined for three consecutive days, all in a sea of red. Michael Novogratz, CEO of Galaxy Digital, stated in an interview that Bitcoin is triggering a global buying frenzy, becoming one of the first global assets. However, he also warned that there is a lot of leverage in the system, and the market is expected to experience one or two severe pullbacks to clear the leverage. Voice script analyst Juan Villaverde pointed out that if Bitcoin fails to hold the 100,000 USD mark, altcoins may fall back to their starting points. Although stablecoin indicators are still at a 12-month high, the weekly inflow has decreased from 8 billion USD to 4 billion USD. Whenever there are significant fluctuations in coin prices, people always seek the reasons. For me, I do not care why the coin price rises or crashes; what I care about is my own strategy and whether the approach I adhere to can cover the volatility range. Especially for short-term trading, it tests everyone's resolve, whether they can stick to their established strategy unchanged, which is essential for successful traders.