Today's Market Highlights: BTC (Bitcoin)

The current BTC market is no longer overvalued; there is a significant increase, and the risks of contract trading are prominent. Repeated spike patterns make it easy for traders to rebound from long and short positions, so it is advisable not to participate in contract trading, especially in the current highly active market environment. #BTC☀️

Support Level: The current support level for Bitcoin is in the range of 102000-98000, and everyone needs to pay attention to the fluctuations within this price range.

ETH (Ethereum) and Altcoin Market

ETH is currently at a critical moment, having broken through its yearly high, but the upward momentum is not strong enough, and there has not been a significant increase.

Daily Chart Level: Yesterday closed with a long upper shadow candlestick, and there was a slight decline after today's opening.

The key is whether it can repair yesterday's upper shadow pattern. If it can repair and break through the double top structure, it may open up new upward space.

Current Analysis: The current price is close to around 4000 points, a key position for a double top. There may be a pullback in the short term, but if it successfully repairs the upper shadow and breaks through the double top, the potential for future increases will significantly rise.

Operational Strategy: Altcoins will rise shortly after ETH increases. It is recommended not to overly expect fivefold or tenfold gains; first set a target increase of 50-100%, and if the target is reached, take profits in batches. Avoid blindly chasing highs and adjust positions as needed.

Long-term Layout: Besides holding a few long-term promising coins, trading in other coins should remain flexible; do not lock all positions into a single asset.

The current market rhythm is a cycle of pullbacks and repairs, so remain flexible in operations and pay attention to timely adjustments in strategy. #BTC再创新高 #PENGU开盘 #币安Alpha #USUAL现货开盘预测

I am Long and Short. If you don't know how to layout currently, feel free to reach out to me for discussion!