Next week, $ETH will welcome the PCE inflation data and other critical macro indicators, which may serve as a catalyst to break the current deadlock.

If the data strengthens interest rate cut expectations, it may stimulate a rebound in risk assets; if it shows an overheated economy, the narrative of maintaining high interest rates for a longer period will suppress the market.

Currently, BTC is fluctuating in the 94,000-95,000 range, with resistance forming at 96,400/97,500 above, and support existing at 93,100-94,300 below. Mainstream altcoins like ETH and SOL are also entering a wait-and-see state along with the market.

Survival strategies for ordinary investors

Abandon the 'carving the boat to seek the sword' mindset: The model of becoming rich by holding altcoins in 2021 is extremely dangerous in the current environment, as the high interest rate environment will continue to drain market liquidity.