Last night, Bitcoin strongly broke through the previous high of 112036, causing the market to boil. Currently, Bitcoin is in a small-level top consolidation phase, with both bulls and bears engaging in fierce battles. For altcoins, every move of Bitcoin affects the entire market, so it is essential to closely monitor its trends. If Bitcoin continues to consolidate, funds may flow into altcoins, bringing them a rebound. However, this kind of rebound often comes quickly and goes just as fast, so investors should adhere to the principle of quick entry and exit, taking profits when available. Once Bitcoin shows signs of a pullback, altcoins are likely to suffer heavy losses, at which point decisive selling should be considered to preserve capital. After all, in the cryptocurrency market, a pullback from the top is a common rule, and one should never hold onto false hopes.
