Today’s overall cryptocurrency market remains at a high level, but the upward momentum has weakened somewhat. Mainstream coins still favor the bulls, but the pace of upward attacks has indeed slowed, and the market sentiment has shifted from previous euphoria to a more rational optimism.

**The key is that short-term funds remain active**, and sector rotation is accelerating. This kind of market is suitable for rhythm-based trading, but be careful not to blindly go all-in chasing highs, as this is the easiest way to be repeatedly shaken out.

The situation with BTC is as follows: the price continues to fluctuate near the previous high, with resistance above not yet effectively broken through. However, support below remains strong, indicating that chips are gradually being absorbed at high levels. The total market cap of crypto assets has slightly increased, showing that new funds are still flowing in continuously. Although there are differences between bulls and bears, these mainly manifest in short-term volatility and do not signal a trend reversal.

Specifically, regarding mainstream coins, BTC remains near its previous high, with daily fluctuations narrowing. A daily increase of about 0.5% is more like a "breath" within the trend rather than a true directional choice. Whether it can continue to break through depends on whether there is volume confirmation in the next one or two days.

ETH is currently hovering around the $2960 mark. Its strength is indeed weaker than during the previous main rally phase, but compared to BTC, there is still room for a rebound. The key going forward is to observe whether it can sustain volume and stabilize above the range.

Although some leading coins have slightly outperformed the market, honestly, this is mostly due to funds rotating within mainstream coins. Whether this can continue depends on whether volume can be sustained; a single bullish candle doesn’t mean much.

**Altcoins are already showing clear differentiation**: earlier high-flying thematic coins are starting to fall back, while rebound-type and low-priced storytelling coins are beginning to take over. But the pace is extremely fast, and chasing highs is very easy to be repeatedly shaken out. The real issue is that hot spots always rotate around directions like L2, AI, and on-chain ecosystems. A single sector rarely explodes for several days in a row, more like "taking turns in ordering," suitable for quick in-and-out strategies. Don’t hold onto a hot spot expecting it to double.