The second coin has shown some improvement, when will the altcoin season finally arrive? Not long ago, the SEC Chairman Gary Gensler tweeted that he would resign on January 20th, the day when the new administration takes office. After this news broke, SOL, which is applying for an ETF, briefly broke its historical high, reaching $264, becoming one of the few mainstream coins to break its historical high after Bitcoin. Why is that?

Because this person has been like a mountain pressing down on the crypto world, and now that mountain is finally about to move away, the regulatory situation for the crypto world will be much easier. Although Bitcoin continues to reach new highs, it is evident that the rate of increase has slowed down, while the second coin Ethereum and Solana have quietly followed suit. So when will it be the turn of the altcoins, and is there still an opportunity? The following content is relatively sensitive, so remember to like, follow, and save it.

Often, when Bitcoin stabilizes at a high position and the rate of increase slows down, it’s the opportunity for Ethereum, Solana, and other mainstream coins, because Bitcoin at this position is basically being pushed by institutions, and this position has already squeezed countless short sellers. Appropriate adjustments and pullbacks also provide opportunities for small investors to enter the market. Ethereum started to rebound at 8 PM on the 21st, and some quality projects in its ecosystem immediately followed suit an hour later, generally seeing a bottoming increase of about 20%, including Ripple and Dogecoin, which have also shown significant improvement. The current advice is still to wait for Bitcoin to pull back before looking for entry opportunities in altcoins. Chasing high prices now is definitely not appropriate; when Bitcoin retraces, pay close attention to those strong varieties. Not every altcoin can rise; to achieve results in this bull market, it's time to test your vision, brothers.

Continuing today's daily $BTC market analysis, from the candlestick chart perspective: the 1-hour level shows a downtrend, the 4-hour level is weakly consolidating, the 12-hour level shows an uptrend, and the daily level is also trending upwards. The intraday resistance level is $100,000, and the support level is $97,000. Note: Today's fear and greed index is 93.