#牛市到底还在不在 has dropped a bit and is starting to doubt the bull market. Bitcoin reached a high of 105990 at midnight, then there was a big drop, followed by a V rebound, and now a big drop again at the weekly open. It's really hard to operate if the contracts have no stop-loss mechanism.
Spot Bitcoin is still oscillating above the resistance at 102300. Bitcoin has been in an upward cycle for a while now, and before the US market opens tonight, it seems the weekly chart has entered a period of oscillation or may enter a pullback phase.
But from the perspective of altcoins, led by Ethereum, it has only just risen a bit, and is further breaking upwards. Since last week until today, it has only been pushing up and then pulling back at the breakout point. Ethereum may enter a similar oscillating market as it did for half a month at 1800. After Ethereum has entered a higher upward channel and then pulled back, perhaps it will continue to rise again tonight.
Bitcoin is still above 100,000, ensuring the foundation of the bull market, and altcoins are rising; the bull market is still on.
For many altcoins, they are still in the accumulation phase of a big bull market. The price increase last night allowed us to chase, and now with the pullback, the prices are cheaper, so we should dare to add to our positions.
Looking at the timeline, we are still in the first half of the year. Bitcoin has not broken the previous high and is still at the foot of the great bull market, with the big bull coming in the second half of the year.
Spot trading requires a little more patience, and let's see how the US market opens tonight. $BTC
