This market situation is really giving people a headache! Yesterday, Bitcoin fluctuated between 90,000 and 95,000, and the exchange said some people are quietly buying, but the strength is not great. Over in California, the wildfires are affecting inflation, and the Federal Reserve's interest rate cuts might have to be put on hold. It's a bit difficult for Bitcoin to surge upward, and the main force is washing the market back and forth between 90,000 and 100,000.

This morning, Bitcoin's price rose first and then fell, and it looks like it will continue to test lower. No matter how much you hold right now, remember to set a stop loss; stabilizing in these days is a victory. On-chain data shows that the positions at 91,000 and 93,000 are quite stable, but people's hearts are hard to predict, and market sentiment is very complicated. I just hope that it can stabilize around 94,000 in the next couple of days.

Tonight, when Wall Street opens, MSTR says it wants to buy, which might bring a small rebound to Bitcoin and make everyone feel a bit better. But everyone is keeping an eye on Wednesday's CPI data; with last week's PMI and employment data being so bad, the market is very anxious about Wednesday's data and wants to hedge. If we really want to hedge, Bitcoin might have to drop to around 91,000, but as long as the on-chain chips are not chaotic and do not cause greater panic, the price will quickly come back up even if it falls.

I believe the bull market is not over; the real bull market drama in Q1 has not yet started. Altcoins are fighting fiercely, and while Bitcoin's market cap has doubled, the total market cap of altcoins hasn't even touched the historical peak. Funds are just circulating among those altcoins, and new funds are just not coming in. As long as capital flows in, BTC will continue to soar, while altcoins have only a few that can jump. History will not be identical, but the cyclical laws are still there.

For friends in the car right now, you might have to hold on for a while; it all depends on how you respond. ONDO has a large amount of unlocking recently, so consider how to layout after the unlock. The altcoins on CEX over the weekend were disastrous; when Brother Sun shouted 'all in AI', those large-cap AI coins on-chain almost all dropped by more than half.

Although on-chain AI has retraced, new meme coins have emerged. For example, the AI infrastructure AIOS has its market cap raised to 150 million USD, and now it has dropped by half again, but the foundation and strength are both good, worth continuing to pay attention to. And those pure meme coins, like CWH and CONCHO WILLY, etc.

But don't forget about risk control; positions should be reasonable, take some profit when it doubles, safety first!