The current market trend can be simply summarized as follows: The performance of US stocks after opening yesterday was generally good, but it did not fully compensate for the decline last Friday.
Tomorrow, CPI data will be released, which could become a turning point for the market.
From a technical perspective, Bitcoin has broken through the hourly descending wedge, but the strength of the breakout is insufficient and lacks adequate volume support, so further observation is needed, especially at the $100,000 integer level and the previous high of $102,500.
If these positions break through successfully, the market may perform better. Overall, the market is still in a consolidation phase between $100,000 and $102,500 and has not yet entered a clear trend starting point.
Therefore, the most suitable trading strategy at present is to focus on short-term trades, without holding positions for too long, and to exit timely if there are profits. At the same time, it is advisable to reduce positions in altcoins where appropriate.
