The surge late tonight was very unexpected. From a technical perspective, it has already broken the downtrend and will not decline further, but something feels off.

The Americans and Western countries are on holiday, they cannot operate, and there has been no inflow into ETFs. It is likely that the market makers are driving the price up, and the technical team discusses that there will be no further decline, but it all feels strange.

Previously, Ethereum would have made up for the gains over the weekend, but this time, while Bitcoin is down, Ethereum and altcoins are surging. Tomorrow is once again the weekend, and I feel that the probability of altcoins dropping is very high. Ethereum will not make up for the gains and will continue to surge; it might be volatile instead.

Some altcoins have risen for a month, usually increasing for 7-14 days, with gains of 1-4 times. Based on market capitalization, it is already about enough.