Recently, Bitcoin's performance has indeed been perplexing. The price has been oscillating between highs and lows, with the range of fluctuation growing larger, as if deliberately creating confusion. From a technical perspective, the downward channel over the past two or three months may be about to experience a reverse breakout, but the current right-side trend still lacks a clear direction, and it might not break out at all.

What is even more striking? The overall market is very dull, except for the MEME sector which is showing unusual movement and sharp gains. But how long can this last? Will the main market follow suit and strengthen? Honestly, it's hard to be optimistic. This is very likely some big players are taking the opportunity to extract liquidity from contracts and, by the way, harvest some new year's "chives."

The key point is—whenever Bitcoin experiences such north-south, wide-range oscillations, altcoins often enter a frantic sector rotation mode. During this time, various small coins take turns emerging, seeming vibrant but actually undercurrents are surging. Beginners are easily deceived by the surface prosperity and end up getting caught off guard. Therefore, the most important thing at this stage is to stay vigilant and not be led astray by superficial movements.