The trend of Bitcoin remains healthy at the moment, although there was a certain degree of a surge followed by a pullback yesterday. However, from the trend perspective, it is still in a state of low supply.
Analyzing purely from a pattern perspective, hitting a new high is still likely to happen, but it is uncertain whether it can directly break the 100,000 price level.
It is possible that after reaching a new high, there will first be a pullback adjustment process before continuing to rise. From the perspective of smaller time frames, there are no issues, and it also shows a pattern of low supply.
Therefore, in terms of operational actions, we can continue to hold positions and maintain patience; from the perspective of a larger cycle, there are no major problems.
As for Ethereum (ETH), it is linked with Bitcoin, but its exchange rate regarding the bottom situation is still not very clear and needs further exploration and confirmation.
In terms of altcoins, they generally follow the trends of Bitcoin and Ethereum.
The activity level of funds in the market has cooled down to some extent compared to before, but the overall big trend has not changed.
The altcoin season has not officially started yet, and the strongest profit-making phase has not appeared. Bitcoin's market cap still occupies a high proportion, so we just need to patiently wait for the turning point to arrive.
Market data: The Fear and Greed Index is currently at 90.
