Can this wave of market directly take off? I advise you not to get overly excited!
Family, this rise is too fierce! Many people are starting to fantasize that "the bull market has arrived," but I have to throw a bucket of cold water on that - it’s unlikely to break through directly at this position and begin a main upward trend!
Why? The market is rising like a rocket, everyone's emotions have just been ignited, and while everyone is hoping for another big bullish candle, the main players might be secretly packing their bags and preparing to run! The current trend is clearly a Wall Street tactic: first, they pull up to give you a taste, then they go sideways, creating a range, wearing down your patience to bits.
At this critical moment, regardless of whether you are bullish or bearish, don't rush to take action; just wait for a few days to observe! See how heavy the selling pressure is, whether the buying strength is sufficient, who is genuinely entering the market with real money, and who is frantically dumping. Over the weekend, Bitcoin is likely to "lie flat," and Ethereum might make some small moves, but ultimately, this is likely just a rebound from an oversold condition - meaning it could rise for a week or two, then either drop back down or trade sideways and annoy you for several months!
For those wanting to play with altcoins, keep a close watch; after all, they have fallen so sharply before, a rebound of 1-2 times is also normal. But remember, this market is entirely propped up by emotions, there’s not much logic to it, play short-term with quick entries and exits, and don’t expect to hold it and reach the pinnacle of life! Looking at the lending market, interest rates haven’t skyrocketed yet, indicating that the market isn't completely overheated; large funds are still observing in the shadows. Once interest rates suddenly soar, that will be the signal for retail investors to frantically buy in!
Finally, to emphasize: you can trade now, but absolutely do not rush blindly! The market is sensitive, don’t take positions too early. If a bull market really arrives, it won’t be too late to jump in then; we will have plenty of opportunities to get on board!