MYX this wave of market movement is indeed quite fierce, with the increase directly shocking people. Recently, such rapid surges usually indicate that there is capital behind the scenes operating, possibly speculative hype around new concepts or some kind of partnership expectation. Considering that MYX itself has a relatively small market cap and average liquidity, in such cases, the market makers pushing up prices and retail investors following suit can easily form a situation.

Interestingly, BTC's gains are relatively lagging behind, which indicates that there are still significant disagreements within the market. It is very likely that institutional funds are adjusting their position structures, shifting from mainstream coins to smaller coins.

MYX's sharp rise is accompanied by a significant increase in trading volume, making this kind of market more volatile in the short term. It is recommended to stay calm and observe mainly, and not rush to chase highs. Just like the last two plates of tripe in hotpot, the more people scramble, the more you need to keep a steady mind. Blockchain investment is essentially like opening blind boxes; risks and opportunities often coexist, and caution should always come first.

From a technical perspective, the current price range is near resistance, with support at 5.901 (about 8.28% away), and resistance close to 6.55. If you have trading ideas, you might consider placing short orders near resistance areas, but remember to set stop-losses—this is the bottom line.