Is the BTC rebound a false move?
Are there hidden worries behind the lively altcoin market?
After Bitcoin broke the neckline this round, it quickly recovered, forming a typical 'false breakdown.' The movement resembles the 90,000 rebound in January. Based on January's experience, a false breakdown often leads to a more intense rally afterward. If it challenges the previous high of 110,000 and forms a double top structure, it might be the real opportunity for a mid-term short, with an initial target of 93,000.
Today, the altcoin market also welcomed a collective rebound, but the overall market remains very weak, influenced by geopolitical and policy factors, and may reverse at any time.
The prelude to 'the wolf is coming' is still ongoing; the real main rising phase has not yet arrived.
It's worth noting: Public chain coins $S have shown strong performance recently and will soon be listed on CB!
The market is fluctuating repeatedly, and the pace has slowed down; it is still a time for patient waiting.
