Hello everyone, I am A Gan, let me talk about the current situation of the market

In the past two days, Bitcoin has been hitting new highs, today it surged to around 97900 and then started to pull back. Currently, it has pulled back to the 96700 level on the 1-hour timeframe, where there is some support. If it breaks below this level, the next support is around 94000.

However, the market has been very strange these past few days. Bitcoin is rising on its own, while other coins are not rising at all; they are mostly following Bitcoin down, leaving many people confused. Many partners say they don't know how to play in this kind of market. In fact, this market is just big institutions focusing on buying Bitcoin, including some big players. Those who previously made money on altcoins have already sold and switched to Bitcoin. Additionally, there's a point where the manipulators are pushing Bitcoin up to around 100k, aggressively squeezing the shorts.

So how should we play next? Spot trading is actually quite simple. Wait until Bitcoin stops surging and starts adjusting, then see where the altcoins drop to, and build positions in batches. Spot trading is still very manageable; just don’t rush. Don't worry that Bitcoin won’t pull back; when it does, you’ll have the opportunity to buy other coins.

Yesterday, Ethereum also bounced back after hitting the daily support level twice. There are still many people bottom-fishing here. Although the rebound is relatively weak, at least it has stabilized. I have already mentioned in the previous days that when it drops to 3030-3050, it’s a good time to build a head position. This statement is still valid. If it falls to around 2800, add another position. Just buy and hold if you get into spot trading. I believe Ethereum will rise again in the future, so there's no need to worry about it not increasing, but you need to be patient when you buy.

If my sharing is helpful to everyone, please like and share, this is the greatest support for me, thank you.