The current state and trend are quite difficult to describe.

A bottom at 75K and only above 98K can we confirm that a bullish trend has been established.

However, there is a lot of data indicating that even if we surpass 98K, it may not necessarily go very high.

So if you didn't buy below 85K, the risk might be quite high.

Moreover, the current situation of alts is very much like a dead cat bounce.

Will the overall market ultimately still follow a dead cat bounce?

In essence, even if it reaches 106K and then starts to drop, you could still call it a dead cat bounce.

I actually think that’s possible.

Now it depends on whether alts will take off.