Currently, the bullish voices in the market are increasing. This round of rebound has seen Bitcoin's performance being average, while altcoins are very strong. Some well-established popular altcoins like doge, sui, and pepe have all gained over 20%.

There are currently two issues.
1. 3170 is not holding steady, meaning if the price hits the short position level of 3176 today, then this rebound is likely to end here, and the market will enter a back-and-forth oscillation phase.
2. 3170 holds steady, which means after breaking through the short position level and a minor pullback, the price gradually climbs and stabilizes above 3170. At this point, short positions should be cautious. Holding above 3170 indicates there is still room for the market to go higher. It is likely to reach the 33,000 range, but we shouldn't think about that now, and it won't happen immediately.

Currently, almost all cryptocurrencies are facing significant daily-level resistance. Therefore, the market is unlikely to make a major breakthrough in the large timeframe. We need to pay close attention to the 3176 level, as it is a key point that must be participated in.