$BTC 4H level chart encountered resistance at 1027600, and now there are only a few situations:

1. High-level sideways movement

2. First a downward trend followed by an acceleration directly towards the blue area

3. Direct upward breakthrough after sideways movement

During this period, altcoins should avoid opening long positions, as a waterfall effect will trigger stop losses for all altcoin long positions. Yesterday it was already advised to set protection; as Bitcoin rises, the market share increases, and altcoins will be drained.

We are currently in the middle position of a large-scale channel, which means it can go up or down from here. If you did not enter at 1027600, then do not operate; just watch. If a new high is to be created again, the daily closing must be above the 106500 area; otherwise, it will oscillate widely between 99500 and 106500.