Bitcoin makes a strong comeback, market dynamics are changing rapidly, get the details quickly!

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Currently, everyone's attention is focused on Bitcoin. After rebounding from the chaos following the FOMC, BTC is gradually approaching the $100,000 mark, currently trading at around $97,000.

But don’t expect a smooth journey—challenges still exist. Although Bitcoin's dominance has risen to 59%, this does not mean a bull market is imminent. From a psychological perspective, BTC still faces obstacles.

Firstly, the greed index has fallen back to early November levels. A slight pullback could push it into the 'fear' zone, indicating that traders need to act with caution—this is a reasonable move after the recent sharp decline.

Secondly, shorts are profiting by shorting BTC, and the returns from this strategy are as significant as buying at the cycle bottom and selling at the top.

These factors combined suggest that while BTC's current price looks enticing, investor caution indicates that the future may enter a consolidation phase.

Meanwhile, the altcoin market is thriving in Bitcoin’s resurgence, ranking among the top in terms of percentage gains. If this trend continues, most altcoins could see significant increases.

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