#BTC Technical Analysis The current situation has two hypotheses: First, it is currently following the red line 4, and after red line 4 comes red line 5; then there will be a pullback against the red line; Second, red line 4 has already completed, and it is currently moving towards red line 5 (which has already been oscillating to create new highs). Figure 1;

The current movement is very similar to the movements in November and December 2023, both are consolidating strongly along the upper edge of the triangle, using horizontal price movement to repair the indicators.

Figure 2;

#Altcoins The anxiety of the main coin’s pull is palpable, the anxiety of the altcoins is also palpable. Buy altcoins, fearing a pullback of the main coin, altcoins could collapse directly. If you don't buy altcoins, you fear missing out. I have basically completed all the exit and liquidation actions for my secondary old altcoins, and some have already started to rebuild positions. Keep an eye on the BTCD indicator, breaking the green line and entangling downwards may lead to an altcoin season. The efforts of large cryptocurrencies like DOGE, XRP, ADA are ineffective, Ethereum and BNB are not performing well and haven’t followed suit. Small market cap coins are of no use. If you didn’t get in on the action a few days ago, I currently do not recommend FOMO, as it is easy to miss out and then get hit hard.

Figure 3;

The new MEME at the top remains the most noteworthy cryptocurrency at the moment, maintaining the view that this round might be beneficial for both the head and new coins, while the mid-tier coins starve. Liquidity is overly concentrated because it is not that abundant. Similar to the movements of the US stock market, it concentrates on the leading coins in hot sectors.

Figure 4;