At 5 AM, the news caused the market to surge directly to a price of 97,800, all hitting the support during this period (93k) and rebounding, with a pullback below the pressure level (97.8k).
In the short term, the market is stimulated by positive news to rise but has not broken through the key resistance level, which drives the market upward but has low sustainability. Currently, it has chosen a volatile adjustment trend, hovering around 96,000. It is still a bit difficult to truly break through the 100,000 mark in the short term. The real breakthrough trend will have to wait until Q2 and Q3, accompanied by the arrival of interest rate cuts, with very large opportunities in the second half of the year. At that time, altcoins will also experience a wave of rebound in the market. What needs to be done now is to buy on dips while maintaining a certain cash flow; surviving is the most important thing.
