BTC has hit a new high again, and is close to the 96,000-98,000 range. However, 96,000-98,000 is just a predicted high point. As far as the current trend of Bitcoin is concerned, it is difficult to determine whether it can be reached.

At this moment, the Bitcoin market shows a unilateral upward trend driven by funds, but it cannot drive the overall market trend. Many fans have mentioned that in the past, they bought Bitcoin first and then waited for Ethereum to catch up, but this year, they bought Bitcoin to make a profit and bought Ethereum to lose money.

Therefore, the operation strategy is crucial. Shorting Ethereum and altcoins this year can mostly make a profit, but shorting Bitcoin is not the case.

As long as you go long on Bitcoin this year and hold a position, you can make a profit, but going long on Ethereum and altcoins may face losses. Can this really be called a bull market?

From the analysis of ETH's situation, it has come to the key defensive level of 3,000. Yesterday, the daily level closed with a small positive line, and the four-hour level has shown a short signal.

Judging from the current trend, the probability of falling below 3,000 is gradually increasing. If Ethereum falls below 3,000 this time, it is expected to drop to the 2,760-2,850 range.

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