Several factors contributed to Bitcoin breaking through $106,646, including the recent statement by the newly elected U.S. President Trump, expressing his desire to establish a strategic Bitcoin reserve and do "some great things" with cryptocurrency. Additionally, MicroStrategy's inclusion in the Nasdaq 100 and Riot's recent announcement of purchasing 5,117 BTC are notable.

This means that institutional funds are still pouring in madly, and new entrants from outside the market are also coming in; both groups are very excited right now.

New BTC holders currently have no intention of selling. Those who sold and achieved financial freedom have all exited around $95,000, which is reflected in the pullback over the last two weeks at the beginning of the month.

Currently, most people already in the market are relatively calm, as they do not hold BTC and are losing quietly with altcoins.

However, there is no need to rush. The two things that should not be done right now are: one, holding no positions; and two, selling coins. Being out of the market during a bull run and waiting for a pullback is destined to miss out; waiting for a pullback is exclusive to those with positions, and has nothing to do with those holding no positions.

One of the most common mistakes in a bull market is selling coins right at the beginning because they are not rising, leading to a switch to other assets. This back-and-forth results in fewer coins and losses in money. In a big bull market, everything will rise; patience is key.

This Wednesday, there is also good news about interest rate cuts, and next month Trump will be inaugurated. These are all points where coin prices could surge. The altcoin season has not yet started, and the bull market is only at its mid-point; it is far from over. There is no need to panic; just hold on tight and stay steady.