Recently, Bitcoin ($BTC ) has been experiencing high-level fluctuations and adjustments, unable to rise or fall. The upper levels are filled with previous trapped positions, and without good news, it is difficult to break through this area. The lower level is supported by the 120-day moving average, which the bulls have fought hard to maintain and will certainly not give up easily, leading to a heavily guarded position. This results in the current stagnant fluctuations. Conversely, this kind of fluctuation gives altcoins a breather, causing funds to flow into altcoins and boosting the overall market sentiment. As long as Bitcoin remains above the 120-day moving average, altcoins will still have the potential to explode, but once Bitcoin falls below the 120-day moving average support, we need to be cautious.