BTC's movement over the past three days has been quite interesting. The surge from 87,000 to 88,000, driven by large capital repositioning, has been widely discussed. Coupled with PEPE's rapid surge nearly doubling in value, retail investors are clearly unable to hold back, and more and more are entering the market.

From a short-term perspective, the downward momentum has been largely absorbed. The market is now shifting from a weak state toward neutrality, with conditions for a rebound gradually accumulating. However, there's a detail worth noting—this upward move is mainly driven by recovery efforts, and active buying is not concentrated. To put it bluntly, it looks more like a pullback rather than a genuine upward trend. So, there is indeed room for short-term gains, but the higher we go, the more cautious we need to be; the risks and rewards are far from balanced.

On the altcoin side, signals of capital testing the waters are already emerging. Some old meme coins have been ignited first. As long as Bitcoin doesn't experience a sudden drop again, the rebound sentiment will naturally spread across the entire market. However, to be honest, this kind of market movement is essentially a liquidity game, providing a time window for large funds to reposition. Many altcoins may very well reach their peak in this round.

My advice is not to chase those altcoins that have already surged significantly. Instead of following the trend, it's better to look for tokens that are still at low levels and have room for a rebound. This approach will likely improve your win rate and make the returns more worth expecting.