Recently, the market has been quite interesting. Increased oil supply and declining inflation expectations have generally benefited risk assets, with Bitcoin performing especially strongly. After breaking through the 93,000 level, the next target is 98,000. From a technical perspective, the probability of a pullback below 92,000 is actually low; the key is to hold this support.

However, a few variables still need close attention—such as the movement of the $60 billion worth of Bitcoin held by Venezuela, the timing of related policy implementations, and other factors that could influence the subsequent pace. Short-term positions should be updated with the latest developments.

From a trading perspective, if you want to participate: 92,000 is a good level to go long, 91,000 can be added to positions, and 95,000 and 98,000 can be used for partial profit-taking and arbitrage. For altcoins, it’s advised not to chase high blindly. After Bitcoin experiences a slight pullback and finds support, allocate a larger proportion to ETH and SOL. For other DeFi leaders like AAVE, UNI, SKY, you can allocate moderately, but keep the positions lighter. The rhythm is more important than the direction.