BTC is approaching 100,000 again, ETH is nearing 4,000, and SOL has also reached 200. These coins have pretty much all formed a W bottom pattern and are near the previous high neckline, so encountering resistance is normal.

If your position is heavy, consider exiting as you approach resistance. If it fails to break through, it will form a double top. It’s safer to wait for a confirmed breakout before re-entering on the right side, and there’s no loss in doing so.

Thus, BTC is expected to return to the previous high of 108,000, while ETH will only encounter resistance again at 4,000.

The market for BTC and altcoins is diverging, but the cryptocurrency market has always been influenced by Bitcoin's performance. If Bitcoin doesn’t rally, how long can the rise of altcoins be sustained? That’s a question mark.

This resembles a rebound after a significant drop, and can also be understood as the main players adjusting the average cost of their positions: when it drops to the bottom, wait for Bitcoin, if Bitcoin doesn’t drop, when Bitcoin drops, they drop along with it, and if Bitcoin hasn’t dropped to the right level, altcoins will rally to support the price.

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