Yesterday's market could be said to have reached a peak, Bitcoin fluctuated around 109,000 during the day, while Ethereum was in a strong upward trend. Until the early morning, Ethereum broke through 2,700 first, and then Bitcoin started to rise above 110,000 and surged to 112,000, breaking its historical high. It really stirred things up in the middle of the night, which was quite a significant move. Meanwhile, our three-day investment in Kong also suffered a heavy loss!

Now everyone is concerned about whether the market will continue to surge. Overall, this wave is led by Ethereum's strong performance, but the current position is quite high, and if one is not careful, they could get caught. Of course, Ethereum is definitely in the dominant position now, and the strategy should follow the trend, but if there is still a need to push upwards, it shouldn't retrace too much. Too much retracement will inevitably cause panic. Bitcoin's 110,000 was a previous strong resistance, and now it has turned into support, so one can take this position to take a gamble and see what happens, but be sure to set a stop-loss!