Is Bitcoin going to continue rising or fluctuate?

First, let's look at the big picture: The Federal Reserve hasn't cut interest rates, and the balance sheet reduction hasn't stopped; the macro environment isn't yet in a loose phase. Right now, Bitcoin's price movements rely entirely on sentiment, which is influenced by macro policies and major events in the cryptocurrency space. For example, the previous easing of regulations and a softer stance from Powell indeed led to a price surge, but these news have limited impact, and things can change rapidly — now, the 'understanding king' says the discussions on regulations are still ongoing, and there are no other major positive news. After Bitcoin rose to over 93,000, it has consistently struggled to break through the resistance at 95,000 and can only fluctuate for the time being.

From the market perspective, after the US stock market opened last night, Bitcoin's trading volume suddenly increased, indicating that there were sellers above 93,000. Additionally, those who bought at 75,000 are now nearly 20,000 in profit and may sell to cash out at any time. Coupled with the fact that there are no significant announcements this week and the economic data for April 30 hasn't been released, the market will likely continue to fluctuate. A breakthrough to the upside would require a larger positive catalyst (like a sudden interest rate cut by the Federal Reserve), otherwise, even a slight negative news could lead to a price drop.

Now, regarding altcoins, can they be held long-term?

It depends on two key points:

First, whether Bitcoin can stabilize above 93,000 and if the trading volume is sufficient;

Second, whether mainstream altcoins like Ethereum and Solana have independent inflows of capital that are not tied to Bitcoin (for example, a sudden surge in DeFi locked value). In this market condition, short-term trading is more prudent; avoid holding positions long-term recklessly, as a retreat in sentiment could lead to a significant drop in altcoins.