Yesterday early morning, the market experienced a sharp surge. Bitcoin shot up to a high of $94,478, and Ethereum also jumped to around $3,383. Trading volume clearly increased, indicating that the main players are indeed driving the trend, and the bullish momentum seems to have returned.
The logic behind the rally is also quite clear — the market is betting on a dovish Federal Reserve policy, coupled with technical indicators showing a breakout pattern. It sounds like good news, but there's a hidden issue here.
After the rapid surge, short-term technical indicators have entered overbought territory. This is a signal: the market may need to take a breather. It doesn't necessarily mean a decline, but the room for continued straight-line growth is limited, and in the short term, a consolidation or correction is more likely.
Therefore, the genuine advice is not to rush into chasing at the current position. Buying in now risks catching the falling knife. Wait and watch the market's reaction; there might be a better opportunity.
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Yesterday early morning, the market experienced a sharp surge. Bitcoin shot up to a high of $94,478, and Ethereum also jumped to around $3,383. Trading volume clearly increased, indicating that the main players are indeed driving the trend, and the bullish momentum seems to have returned.
The logic behind the rally is also quite clear — the market is betting on a dovish Federal Reserve policy, coupled with technical indicators showing a breakout pattern. It sounds like good news, but there's a hidden issue here.
After the rapid surge, short-term technical indicators have entered overbought territory. This is a signal: the market may need to take a breather. It doesn't necessarily mean a decline, but the room for continued straight-line growth is limited, and in the short term, a consolidation or correction is more likely.
Therefore, the genuine advice is not to rush into chasing at the current position. Buying in now risks catching the falling knife. Wait and watch the market's reaction; there might be a better opportunity.