June 11th Kunpeng BTC: BTC's previous high oscillation hides mysteries, can ETH become the pioneer after the breakthrough?

Recently, market trading sentiment has been high, and the anxious mood actually stems from the psychological gap caused by missing out, rather than the financial losses from short liquidations—it's human nature. People often find it harder to accept the regret of 'missed opportunities' compared to the risks of 'losses'.

Since the reversal by the major influencer Tianlong on the 6th, the price of BTC has climbed to near its previous high. From a technical perspective, BTC is likely to enter a mode of oscillation and consolidation around the previous high, with the 30-minute oscillation range possibly locked between 110,000 and 108,000. This phase of high-level consolidation is a necessary preparation for breaking through the previous high: it needs to digest the selling pressure from earlier trapped positions and solidify the upward basis through the exchange of chips.

It is worth noting that ETH has already broken through the previous high, and if BTC can maintain its oscillation pattern at the current high, the market's capital rotation effect may intensify—ETH and popular altcoins are expected to take advantage of this and initiate a temporary rally, forming a rhythm of interaction between mainstream coins and altcoins.

Stick to a holding strategy and reduce frequent trading. Focus on the capital flow of ETH and the sector's hot spots, capturing structural opportunities in the rotation market, and avoiding missing out on trending markets due to short-term fluctuations.

PS: I would like to hear everyone's thoughts: do you think BTC will directly break through the previous high after the oscillation this time?