Odaily News Greeks.live macro researcher Adam released a Chinese community briefing, pointing out that most traders hold a cautious bullish attitude towards the short-term market, expecting BTC to possibly continue to rise and reach the key resistance level of 88,000 USD. However, some participants believe that the market will first experience a pullback before continuing to pump, especially noting that ETH has formed a bullish engulfing pattern after four bearish candles.
Investors are actively discussing the BTCDOM (Bitcoin Dominance) index trading product, which performs well in both bull and bear markets, as the top 20 altcoins generally underperform Bitcoin.
•Regarding altcoins, investors are concerned about the unlimited issuance mechanism, especially the inflationary pressure generated by SOL and ETH through POS staking, in contrast to the scarcity of Bitcoin.
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