The report from last Saturday mentioned that the altcoin is not gaining traction at high levels, while Bitcoin will experience a rebound. Look for opportunities to buy Bitcoin on dips below 116500. As of now, on Monday, the rebound in trading has led Bitcoin to surge over 5000 points. So far, Bitcoin has once again broken through to a historical high of 122450, and the altcoin is only less than 15% away from its historical peak. However, the market for altcoins is hesitant, and everyone is in a wait-and-see state. Among the 1450 altcoins on Binance, 80% of them are fluctuating within a range of plus or minus 3%. So far, there have been no signs of a follow-up increase. However, the current trend allows for positions in altcoins until the daily BTC/ETH ETF data returns to a state of daily net outflow. In the short term, we will continue to observe the rebound of altcoins, mainly focusing on AI and meme-themed altcoins.
