BTC reminded everyone a couple of days ago that if the position of 117,000 is broken, then the next position would be around 112,000. Currently, we are verifying the strong support level at 112,000.

A pullback signal has appeared on the daily level, but so far, the market remains relatively healthy. There hasn't been much change in macro expectations for the second half of the year, and interest rate cut expectations also exist, so after a brief pullback, the upward trend is still maintained.

On the 4-hour level, it's crucial to pay attention to the area around 112,000. If this position is effectively broken, then it will return to the fluctuation range from May to July, which is 111,000-103,000.

In terms of altcoins, one can strategically invest in quality leaders at low points. The logic remains unchanged; only quality top altcoins will follow the market upward, while others are currently considered junk.