From the current market rhythm, altcoins are likely to experience fluctuations between Thursday and Sunday, but the specific intensity of the outbreak depends on two key variables:
First, whether Bitcoin can effectively break through the historical high of 110,000. If Bitcoin can stabilize above the previous high and open up upward space, altcoins will welcome a major bullish trend in the next 1-2 weeks, and there will be a significant diffusion of profit-making effects in the market;
Second, if Bitcoin's breakout is weak, we need to be cautious of the pullback risk during the Bitcoin conference next week.
There has always been a phenomenon of "conference curse" in the cryptocurrency world, where significant meetings are often accompanied by violent fluctuations before and after.
On the operational level, it is recommended: when entering a medium-term long position, one must set a stop-loss point and establish expected profit targets.
If there is an expected rise from Thursday to Sunday, then according to the plan, take profits gradually over the weekend or next Monday.
The essence of trading is a game of probabilities, and the core principles are three points:
1. Use a position that you can afford to lose for trial and error.
2. Plan entry and exit conditions in advance.
3. Strictly adhere to trading discipline.
The market never lacks opportunities; what is lacking is the determination to decisively execute established strategies.
