Waking up early to see Bitcoin and Ethereum both rebounding, Bitcoin is around 116000, and Ethereum is around 3600, but both are near resistance levels — rising on Monday morning has never been a good signal.

Personally, I think those with significant profits can consider reducing their positions; this is not a place to go heavy. If the market turns down, you might have to give back quite a bit of the earlier gains, so just securing the profits is fine!

This round of altcoin market is mainly supported by the privacy and storage sectors. The storage sector has been quite volatile, with the upward trend lasting less than three days; the privacy leader Zec has rebounded nicely, while the storage leader Fil has surged significantly but also corrects harshly.

As for whether there will be a follow-up second phase of the market, it is hard to say now; we can only wait for clear signals from the market.

As for the primary market, there have been almost no quality new coins released this week, and some funds have flowed back to the secondary market.