Many coins have already formed a bottom pattern, but currently, we still need to focus on Bitcoin and mainstream currencies. The one-sided market trend still needs confirmation based on the following points:

1: Many cryptocurrencies have been caught in a downward trend and have a considerable amount of chips stuck. When the upward trend comes, they will gradually get unstuck, which presents a certain selling pressure that needs to be digested.

2: An increase means that greater liquidity is required. When institutions enter the market, it will be in a form that overwhelms and dismantles everything, leaving little opportunity for others to get in. However, there will be pullbacks that present buying opportunities.

3: Interest rate cuts are very likely to occur in the third quarter, specifically after September. It is still not May yet, and this upward trend is likely a cyclical rebound in the market. It is impossible for the market to keep declining; rebounds are an inevitable rule of the market.

In summary: Bitcoin is almost at the daily level resistance now, experiencing high-level fluctuations and consolidations. A horizontal trend instead of a decline or a prolonged horizontal trend will eventually lead to a decline, which requires time to evaluate. Currently, the market operations should mainly focus on short-term movements, ensuring that there is a portion of liquidity available for operation, as this will lead to more opportunities for operation later.

In the current market, chasing should involve selecting some strong coins that have not yet exploded, as trying to enter the market. For those with good space, it is also advisable to exit in batches or change positions. Try to focus on watching more and operating less!