Recently, Bitcoin experienced a pullback after reaching the upper trading congestion zone. This phenomenon can be attributed to several factors: first, weekend volume is usually low; second, there is a continuous outflow of ETFs; furthermore, some investors are shifting funds from Bitcoin to other encryption currencies.

Market observations indicate that Ethereum seems to be building momentum while also accumulating short positions. Once it breaks the previous high point, other encryption currencies may experience a surge in prices.

Historical data shows that September is often a downturn month for the encryption currency market, while November frequently sees the most significant gains. However, investment strategies should not rely too heavily on historical patterns. The current upward trend may provide a buffer against a potential September pullback.

For investors, the key is to maintain patience and a long-term perspective. As long as the asset price does not fall below the personal cost line, holding on is usually a wise choice. Especially when Ethereum starts to rise, other cryptocurrencies tend to follow suit.

Overall, the cryptocurrency market is still full of opportunities and challenges. Investors need to closely monitor market trends while maintaining a rational and cautious attitude.