1) Technical analysis: BTC has been rising against the trend of divergence, with an overall trend of three steps forward and two steps back, with the bottom continuously rising and fluctuating upward.

2) Weak performance of altcoins: altcoins performed poorly, while BTC.D was relatively strong. Recently, a series of marginal coins such as Ustc, mainly meme-hit coins, did not show obvious fund sector rotation effect in the market.

3) Increased issuance of stablecoins boosts liquidity: The continued issuance of stablecoins is conducive to improving market liquidity.

4) Fud has basically disappeared: Fud, which has influenced the trend of the crypto market, basically no longer exists. The conspiracy theories based on hearsay are not true and have received excessive attention.

5) CME position data continues to grow: market participation increases.

6) Positive external environment: U.S. stocks and gold continued to rise, U.S. Treasury bond yields fell, and the U.S. dollar index continued to fall, creating a good external environment for the overall market.

The overall market is weak, especially after the second false breakout of 38,000 yesterday. Although BTC has reached new highs twice, the currencies I liquidated are still lower than the current price, and most altcoins have only returned to their original positions after a small increase.

The trend of BTC is difficult to predict, and uncertainty reappears. It may experience a major adjustment, or it may continue to rise, or even build a top at the current position. In the case of uncertainty, I personally tend to reduce my position. There are always opportunities. If you miss this time, you can wait for the next time, but if you lose, you really lose. This is what I have always emphasized and shared with everyone~

For altcoins, they have entered the first half of the market, showing an overall upward trend, which is the best opportunity to make money. Most altcoins have doubled since the bottom of September and October. However, from now on, altcoins may enter the second half, and it is very likely that

1) The market is no longer sustainable

2) Only a few copycats perform well and make money

3) The difficulty of making money has increased significantly