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The early market showed overall small fluctuations. After the pre-dawn sell-off, the market is primarily in a state of volume contraction recovery and weak rebound.
This kind of price increase without trading volume support typically has limited follow-through. Operationally, it's not recommended to chase highs blindly.
Currently, the broader market remains in a downtrend, and risk sentiment has not improved significantly.
However, the crypto market has already released a round of declines ahead of time. The momentum for continued one-sided selling in the short term has weakened somewhat. Going forward, the market will likely focus mainly on consolidation and ranging.
At this stage, it's more suitable to patiently wait for positions and signals,
rather than chasing every rebound—wait to understand the rhythm before making a move.
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