Yesterday, the crypto market truly surprised everyone. The overall rebound was particularly evident, with Bitcoin regaining the $90,000 level. Ethereum performed even more impressively, surging over 4% in a single day to reach $3,125. The total market capitalization also rebounded to $2.9 trillion, with an average 24-hour increase of 4.27%. Almost all mainstream cryptocurrencies showed strength.

How did this rebound happen? From a technical perspective, the previous decline was indeed excessive, and the demand for a rebound had accumulated significantly. Plus, this time period naturally fosters optimistic sentiment. More importantly, altcoins started to rotate, with DOGE up 13%, ADA up 11%, and XRP up 8%. Capital is flowing from Bitcoin into altcoins, which is actually a good sign.

What’s interesting is that altcoins performed particularly well during this rebound. Usually, this indicates an increasing risk appetite in the market. Investors are no longer obsessively holding Bitcoin but are starting to look for higher cost-performance opportunities. This definitely helps boost market activity.

But honestly, from a trading perspective, caution is still necessary. The gains look good, but trading volume hasn't significantly increased. In simple terms, the influx of new funds is limited; mainly, existing capital is competing among themselves. In this case, how long the rebound can last is uncertain.

My advice is to operate in swings and avoid blindly chasing highs. Wait for a pullback to find entry opportunities. Especially for those coins that have surged too rapidly in the short term, be cautious of potential pullback risks. Set your take-profit and stop-loss levels properly; protecting your gains is the most important.