🚀Take Off

【BTC Market Commentary + Can Altcoins Surge?】

BTC has hit a new high at $118,000, and the entire crypto community is buzzing.

But to be honest, I’m currently in a state of 'afraid to chase after the rise, yet not aggressive enough to act on the fall.'

🧱【First, Let's Talk About BTC】

Structurally, there are definitely no issues; the weekly chart shows a big bullish candle, and the daily chart is gaining momentum, indicating a primary upward trend;

However, with such a strong surge, the short-term is too hot, even the RSI has spiked;

If you chase in now, you must mentally prepare for a potential sharp drop from high levels.

I’m not saying you shouldn’t chase, but at least wait for a decent pullback, for example, back to the $116k–$114k range, to feel safer.

If you are going to open a position now, be sure to set a stop-loss; don’t rely on faith to bear losses.

💥【So, Can Altcoins Do Well?】

To be frank, altcoins are not dead, but they may not necessarily soar.

Why?

This market cycle is different from before; the ETF and institutions are primarily pulling BTC, with ETH barely keeping up, and others are just waiting for their share.

But there is a rhythm you can refer to:

After a big rise in BTC, altcoins will have a 2-3 day 'catch-up window', especially for mainstream coins that are still sitting at the bottom of the weekly chart, like LTC, UNI, and ATOM.

⚠【How Am I Handling It?】

I’m currently keeping my main positions steady, waiting for BTC to pull back before considering adding, and only trading altcoins on short-term moves.

✅ The strategy is as follows:

Mainstream altcoins: Buy on pullbacks without chasing heights, aiming for a 3-5 day profit;

BTC: Don’t chase, wait for a volume drop near $114k before deciding;

Contracts: Don't get overly excited now; the heat is too high, and you could easily get caught in a reversal.

✅ Finally, let me say:

It’s a good market, but it’s not a market to dive into with your eyes closed.

Unless your trading cycle is yearly!!