The current market trend seems to be clearing out leveraged altcoins and entering the bottom-fishing phase. While we cannot assert that the market has peaked, the 'understanding king' has not yet officially taken office, the rate cut policy continues, and there may be a series of positive news in the future to support the market's continued rise.
104,000 points will be an important top area in this bull market. A bull market is usually accompanied by multiple pinning washouts, primarily to clear out leveraged funds and uncertain holders, laying the foundation for the next round of increases.
In this case, BTC is expected to have the potential to rise to a range of 150,000 to 300,000, while ETH is likely to break through 5,000 dollars, setting a new historical high.
