Don't expect too much volatility in the next few days, after all, the Bitcoin conference is coming up. If no major good news is released at the conference, just wait and see, profit-taking will definitely rush out, and institutions will have to busy themselves with risk avoidance. At that time, whether the market goes up or down will be clear at a glance.

Right now, the market sentiment is simply a self-directed performance by the manipulators. The recent rise has little to do with retail investors; Bitcoin has long become a toy for institutions. Even if they pull the market up again, it will just be their celebration, unless one day altcoins start to soar chaotically, otherwise retail investors won't be able to benefit at all — unfortunately, there isn’t even a hint of that right now.

So, a big trend is probably still a few days away; for now, it's just high-level fluctuations. Even if it drops, it won't drop much, and it’s likely to bounce back to around 109,000.