What is the current situation in the cryptocurrency market?

After a rebound yesterday, Bitcoin and several altcoins have experienced a small pullback, but everyone shouldn't panic just yet; it hasn't dropped to new lows, and there hasn't even been a second bottom test. I don't think there's much to worry about.

Since it's the weekend now, Wall Street is closed, so there isn't much extra capital flowing in. We'll wait until the market opens on Monday evening, and then we can take a look; there should be a good chance for stabilization and continued rebound.

This second pullback was also within our expectations because, as Shuqin mentioned yesterday, ETH will face some resistance near 3600, prompting everyone to take profits at higher levels. I wonder if anyone managed to escape the short-term peak? More operations can be discussed as well. The current trend is still in line with our expectations~