Stunned! Bitcoin Breaks $110,000 but Conceals Hidden Dangers! Why Are Altcoins Collectively 'Paralyzed'?
Today, Bitcoin surpassed $110,000, setting a new historical high, which should have been a day of market celebration, yet there’s something off: altcoins are silent, as if their lifeblood has been drained. This is a clear risk signal; large funds are rushing into Bitcoin, while other cryptocurrencies are stagnating. The market situation might not be as simple as you think.
Ethereum's short-term strategy is also worth being cautious about. The current rebound is encountering a strong resistance zone at 2650; don't fantasize about takeoff until it's in position. The price is currently around 2617; you can cautiously attempt to short, with a stop loss at 2660 and a take profit target first at 2580, and if it breaks below, then look at 2550. In a volatile market, don’t be greedy; if you can take a portion, that’s good enough.
Core Reminder: Don’t go heavy! The current market is repeatedly washing positions; keep your position control within 5% for stability, otherwise, you might easily be bitten back by the market. Don’t rush to pick up bargains on altcoins; right now, funds are still circling around Bitcoin, and it’s not surprising if the bottom takes so long that you start doubting life.
Remember: Stop loss is a life-saving symbol; recognize mistakes if it breaks; never stubbornly hold on; the market doesn't care about personal feelings!