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The recent performance of the crypto market has indeed been exciting, with mainstream assets rising steadily. Many are eager to increase their positions or even go all-in. But I have to say something from the heart: this wave of market movement is far from the stage where it's safe to chase high confidently. The bullish pattern still holds, but rushing to buy in could easily mean buying at the top. Instead of regretting it later, it's better to patiently wait for better entry opportunities.
The recent two-day trend has been extremely strong—mainstream crypto assets have been climbing from lows, with few chances to get in during the move, pushing prices up to a critical resistance zone on the weekly chart, around 94,500. When reaching this level, caution is advised. It's like encountering a steep slope while mountain climbing; continuing to push recklessly can easily lead to exhaustion and retreat. The weekly resistance level is not just a random number; it’s a key point repeatedly tested by countless funds through battles. A pullback and correction here is perfectly normal.
Here's the key information—this afternoon, a rebound appeared around 93,100, but the problem is that the resistance at 94,500 was not effectively held, and as soon as it was touched, the price was hammered down. This signal is very clear: a typical sign of a major force pushing to trap late buyers—initially attracting chasing retail investors with rising prices, then quickly smashing the market to harvest. Based on this logic, the market will likely continue to seek support lower down. The specific target levels for the decline and trading strategies will need further confirmation based on upcoming candlestick patterns.