In the past few days, the overall market has surged rapidly from around 76,000 to around 87,000, gaining more than 10,000 points—an overall increase of about 14.5%. And during the move, there have been almost no meaningful pullbacks, which clearly shows that the bulls’ strength is indeed very strong.
With this wave of continuous gains, a large number of short positions have been liquidated. Altcoins have then become active, following the rebound to rise as well. A few altcoin projects even set new highs. Market sentiment suddenly turned much hotter, and you really get the feeling of “the altseason is here, and the bull market is coming.”
However, the faster and more one-sided the rally, the more you need to watch short-term risks. Because many shorts have already been liquidated earlier, if later there’s less capital continuing to chase shorts, the market may instead clear out the long positions that were added at high levels by triggering a relatively larger pullback. So you should pay attention to the subsequent走势—during this period, if you trade futures, don’t blindly chase longs just because the trend is strong.
As for the bigger picture, I still remain bullish. My trading approach is mainly to buy on dips after pullbacks. If a more obvious pullback comes later, that would actually be a better opportunity to accumulate.
If you already bought spot earlier, you can continue holding. If you haven’t entered yet, there’s no need to rush to chase the price up—waiting for a decent pullback and then entering in batches will feel much more comfortable.
Today’s key levels to watch:
BTC: around 84,000 on the downside
ETH: around 2,650 on the downside
SOL: around 114 on the downside
As long as these levels don’t break down meaningfully, the overall strong structure hasn’t changed too much for now.
#BTC #ETH #solana
With this wave of continuous gains, a large number of short positions have been liquidated. Altcoins have then become active, following the rebound to rise as well. A few altcoin projects even set new highs. Market sentiment suddenly turned much hotter, and you really get the feeling of “the altseason is here, and the bull market is coming.”
However, the faster and more one-sided the rally, the more you need to watch short-term risks. Because many shorts have already been liquidated earlier, if later there’s less capital continuing to chase shorts, the market may instead clear out the long positions that were added at high levels by triggering a relatively larger pullback. So you should pay attention to the subsequent走势—during this period, if you trade futures, don’t blindly chase longs just because the trend is strong.
As for the bigger picture, I still remain bullish. My trading approach is mainly to buy on dips after pullbacks. If a more obvious pullback comes later, that would actually be a better opportunity to accumulate.
If you already bought spot earlier, you can continue holding. If you haven’t entered yet, there’s no need to rush to chase the price up—waiting for a decent pullback and then entering in batches will feel much more comfortable.
Today’s key levels to watch:
BTC: around 84,000 on the downside
ETH: around 2,650 on the downside
SOL: around 114 on the downside
As long as these levels don’t break down meaningfully, the overall strong structure hasn’t changed too much for now.
#BTC #ETH #solana