What is the situation with Bitcoin now? After Bitcoin surged, it pulled back a bit, but altcoins completely lagged behind, not even breaking their previous highs, indicating that there isn't enough money in the market; it's just Bitcoin playing around on its own.
However, there is a situation to pay attention to—if Bitcoin starts to consolidate and oscillate in the next couple of days, funds may flow out to trade altcoins, and some altcoins might suddenly soar. In such times, shorting altcoins carries significant risks; it’s best to wait for a pullback and look for opportunities to go long at lower prices.
At the current price of Bitcoin, chasing long positions directly is definitely not suitable, but to which specific position should we wait for a safe entry? I think it’s best not to rush; stabilize and observe before taking action. If you feel uncertain, don’t force it; it’s better to wait until the market clarifies before taking action.
From the trend perspective, Bitcoin may surge again, with not much of a pullback, likely continuing to oscillate at high levels. But the problem is that the Federal Reserve hasn't cut interest rates yet, and Bitcoin is being pushed so high right now that retail investors are simply too scared to follow. Once they do cut rates, how high can you push it? Don’t let it go too high without anyone to take over, or you’ll end up losing again!
Right now, don’t chase Bitcoin recklessly, be cautious of altcoins surging, and if you’re not confident, stay on the sidelines; don’t get caught at the peak!