The current status and trend are quite difficult to describe.

The bottom is at 75K, and only above 98K can we confirm the establishment of a bullish trend.

However, there is a lot of data indicating that

even if we surpass 98K, it might not go very high.

So if you didn't buy below 85K,

the risk might be quite significant.

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

Will the overall market ultimately just perform a dead cat bounce?

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

I actually think that’s possible.

Now it all depends on whether the key points will take alts flying or not.