One of the cautious approaches to take advantage of the short-term bounce of altcoins is to wait for the Altcoin Season Index to drop below 10, then focus on selecting projects with a solid foundation to invest in.

Based on observations and verification over time, this method has shown a relatively high level of effectiveness. The fact is that today, many altcoins have recorded a recovery as the market sentiment index is in a very low range.

#Bitcoin has also seen a bounce around 88,000 USD, however, it is highly likely that this is just a movement related to balancing interests in the options market, rather than a clear trend reversal signal.

At the current time, liquidation zones are in a fairly balanced state on both sides. Notably, the amount of long positions at risk of liquidation in the 85,000 – 86.xxx USD range is currently greater than the amount of short positions at risk of liquidation in the 88,000 – 90,000 USD range.

This development indicates that the market is still in a sensitive phase and needs to be closely monitored before forming a clearer trend.