Bitcoin today is once again moving sideways, while some low-quality altcoins are gaining heat. This is mainly because RAVE is driving the move as well, and since RAVE’s position is already relatively high, most traders no longer dare to keep investing and are starting to shift toward other niche options. So over these past two days, Bitcoin hasn’t had much room to move, and this is also because after the volume increase on Monday, it needs to correct.

At the moment, the market is also relatively complex. On one hand, there is high-level sell pressure from retail traders, and giant whales are transferring assets to exchanges. On the other hand, institutions are continuing to buy, which creates a stalemate. Meanwhile, the market’s fear level is also gradually starting to warm up again. Although it is currently at 23, it is still within the fear range, but with continued institutional inflows, it will continue to rise.

The “dou kong game” won’t last too long. Either tonight, or at the latest tomorrow evening, there will be a result. Tonight’s early-week unemployment benefit data will determine the direction of short-term volatility. Personally, I expect that tonight Bitcoin will ride the momentum from the unemployment data and surge toward the 755 area—this possibility is quite high. First it will sweep the bottom of the “dou kong army,” and then it will take pressure and pull back to around 730!