As of now, the overall trend of Bitcoin is still in this kind of volatile market. Although it is in a volatile market, it broke the historical high in the early morning, reaching around 112,000. Bitcoin is continuously hitting new highs, with institutions aggressively buying and spot ETFs continuing to flow in. So, how crazy will Bitcoin get?

Currently, Bitcoin continues to rise. If it is in a high-level sideways volatility, can Ethereum and the three altcoins enter the market now? Or can we still chase the highs? Let's take a look at the overall trend direction of the current cryptocurrency market.

First, let's look at Bitcoin at the moment. From the perspective of the current large time structure, in terms of daily and weekly trends. After breaking the historical high of 110,000, the space above Bitcoin is unimaginable. After Bitcoin broke 110,000, the previous high point, which was previously a resistance, has now turned into a support, a swap of satisfaction. The current pullback is an opportunity for our first wave of entry, and now what positions can we see above Bitcoin? From the daily perspective, we can see that the daily level is in an upward channel. The bottom has not seen a significant breakthrough or breakdown, maintaining a volatile upward trend. Therefore, the current pullback of Bitcoin is an opportunity for us, and considering the resistance at the upper track of the upward channel, we can also enter at the middle track or lower track. Currently, we can see that when at the middle track, we have repeatedly laid out our positions. This is based on a previous point, considering the high pullback, we can enter with a low buy approach. Now continuously breaking through the highest position, we can take a simple look. Roughly, it is around 114,000. So if it reaches this point during the day, we can test its high entry point. This point can only be used once, after all, if this position breaks the upper track of the upward channel, then the space above Bitcoin is unimaginable. This is about Bitcoin from the perspective of the larger cycle, daily level, and weekly level.