Good morning everyone on Thursdayﾉ☀
There haven't been any updates in the past few days because the viewpoint is clear: as long as Bitcoin doesn't break through a new high, the entire altcoin market is a dead silence.
In fact, everyone can clearly see that Ethereum, Solana, SUI, etc., are all on the rise, hovering at high levels, just waiting for a signal—will Bitcoin reach a new high, successfully or unsuccessfully?
Currently, Bitcoin is around 110,000, and it hasn't effectively broken through a new high; this can be understood as a top pressure. In this special situation, both long and short positions are not favorable, so it's recommended to stay in cash and watch for changes.
Looking back at the last post, when Bitcoin was at 103,000+, my viewpoint was that if you were determined to go long, then choose Bitcoin, at least Bitcoin has the possibility of a new high. Even if it doesn't reach a new high, it has already risen by six or seven thousand points, right?
Why do I have such a suggestion? Because it's still that viewpoint: as long as Bitcoin doesn't break through in a day, altcoins can only hang in suspense.
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