#数字货币市场回调 Recently, the trend has indeed been fierce, but a technical pullback after a rapid pump is almost unavoidable. From on-chain data, the momentum of this pump is actually quite solid.

First, let's talk about two key signals:

The short squeeze data is very interesting—during the 28% rise, the short squeeze volume was nearly 3 times that of the longs. This indicates that the upward resistance is being continuously digested, and each pullback has new capital supporting it.

Frequent on-chain large transfers trigger alerts, indicating that whales are continuously accumulating. This kind of capital flow often explains issues better than candlestick charts.

However, the RSI has now broken above 70, and it's an objective fact that short-term technical indicators are overheating. The market needs to cool down, but this does not mean a trend reversal; rather, it may provide a more reasonable entry window.

If you are watching, you can pay attention to the range of $13.7-$14.0. A pullback to this position will have a much better risk-reward ratio than chasing highs now. It is recommended to set a stop loss at $13.4; if it breaks this level, it means the structure has changed. The targets are $15.0 and $15.5, let the trend speak for itself.

A healthy pullback of strong cryptocurrencies is often a more prudent entry opportunity. Patiently waiting for the price to return to a reasonable range is much more rational than blindly chasing the rise.