In the cryptocurrency market, Bitcoin (BTC) underwent a significant technical support test last night. After reaching the support level of $116,300, BTC experienced a notable rebound of $3,000 within the day, a move that quickly alleviated short-term bearish pressure.

Ethereum (ETH) continues to show strong performance, but today it seems to exhibit signs of weakness, with a narrowing daily fluctuation. Nevertheless, the high point of ETH is still close to $3,850, far exceeding the expectations of most analysts. This continued strong performance has led market participants to start pondering: will there be a correction, and if so, when will it happen?

The altcoin market has shown an interesting trend recently, with some established coins leading the charge. However, not all altcoins are following this trend. For example, coins like SUI and TAO have remained relatively stable, while later entrants like Kaito and Virtual have not shown significant fluctuations.

It is worth noting that in the cryptocurrency market, coins that rise first usually also experience adjustments first. However, as long as the overall market trend remains positive, there are still many possibilities for the future.

For investors, it is important to remain vigilant and flexible. As one market participant said: 'I may fall on the way to charge forward, but I cannot give up the courage to move forward.' This statement vividly reflects the high-risk, high-reward nature of the encryption market.

At the same time, the regulatory issues surrounding stablecoins remain a focal point of market attention. As the regulatory environment continues to evolve, investors need to closely monitor relevant policy developments in order to adjust their investment strategies in a timely manner.