BTC is approaching 100,000 again, ETH is near 4,000, and SOL is close to 200. They have roughly formed a W bottom pattern and have come close to the previous high neckline. It is normal to encounter resistance here.

When the price approaches these resistance levels, it may be wise to reduce positions near the resistance, because if it cannot break through, a double top pattern may form. Wait for the price to confirm a breakout before re-entering on the right side; this will be more prudent and won't incur losses.

Following this logic, if BTC successfully breaks through, it may return to the previous high of 108,000; ETH will only encounter resistance again at a new position after breaking 4,000.

The market trends of BTC and altcoins have indeed diverged. But overall, the direction of the crypto market still relies on BTC. If BTC does not rise, the sustainability of altcoin rallies is indeed worth observing.

This situation can be understood as a rebound from an oversold condition, or it can be seen as the main funds adjusting the average price of the chips. When the market hits the bottom, everyone is usually waiting for BTC's movement. If BTC hasn't fallen, altcoins may remain inactive; once BTC drops, altcoins may follow suit; but if BTC hasn't dropped to the right level, altcoins may push up prices to defend and wait.