In the short term, Bitcoin may continue to rise, targeting 105,000 and 108,000 respectively. However, the likelihood of forming a sustained upward trend is relatively low, so focus on these two target levels in the short term.
Ethereum: In the short to medium term, Ethereum is also expected to rebound, focusing on the resistance levels of 3800 and 4000 above. In comparison, the likelihood of Ethereum forming a sustained upward trend is smaller. Currently, Ethereum does not have the foundation for a long-term rise, so caution is needed when rebounding to resistance levels, and it is not advisable to continue chasing the rise (it is recommended to stop chasing near the first resistance level).
Altcoins: Although Bitcoin rebounded strongly last night, many altcoins did not follow suit, and some even experienced declines. If Bitcoin continues to rebound today while altcoins fail to keep up, this will be a negative signal, potentially indicating that when Bitcoin's rebound is complete and it pulls back, altcoins will also experience significant declines. Therefore, it is recommended to avoid participating in altcoin contract trading in the next couple of days; those with existing contracts can consider taking profits, while spot trading can observe until tomorrow for a decision.
