The number $BTC is currently in the fifth wave peak stage, with the historical high of 123000 becoming a key point for the tug-of-war between bulls and bears. Fluctuations are quite normal.
The CPI data to be released tonight is particularly important. If the data is lower than expected, it may strengthen the market's expectation of a 0.25% rate cut by the Federal Reserve in September, and even spark discussions about a 0.5% cut.
This macroeconomic good news could very well become a catalyst for a breakout trend.
Currently, the rotation rise of Bitcoin and Ethereum indicates that funds are being allocated in an orderly manner, which is a typical characteristic of a healthy bull market.
From the perspective of capital rotation patterns, this round of market activity is in the value discovery phase of large-cap assets.
Once Bitcoin and Ethereum complete their valuation repairs, funds will then shift in large quantities to mainstream altcoins such as BNB, SOL, and XRP.
It is important to note that the current market is mainly driven by institutional funds, so when selecting altcoins, it is crucial to focus on projects with actual ecological support and sufficient liquidity, avoiding falling into the liquidity traps of low-quality altcoins.
