RARE yesterday's daily chart showed a large bullish candle. Such market conditions often make people feel itchy, eager to jump in immediately. I understand this mentality very well—last year, I saw a certain coin surge 30% in a single day, and in a moment of impulsiveness, I went all-in. As a result, I got stuck at a high level and was trapped for half a month. So today, I want to discuss with everyone how to view and act during such rapid upward movements.

**What is the current market situation?**

The overall trend remains upward, but the short-term cycle is starting to show signs of fatigue. Specifically:

On the daily chart, the performance is still relatively stable—price is firmly above the 20-day and 50-day moving averages, indicating a solid fundamental outlook. However, the RSI has already surged to 77, suggesting that buying momentum is a bit overextended, and the probability of a short-term pullback is increasing.

On the 4-hour and 1-hour charts, the signs are even more obvious—prices have already pulled back from the highs, breaking below the middle band of the Bollinger Bands, indicating that the buying strength from earlier has indeed weakened. The good news is that the 1-hour RSI has fallen from the 70s to the 60s, partially releasing the overbought risk, making it less dangerous.

The 15-minute chart is now oscillating around the middle Bollinger Band, with the $0.03 level serving as a temporary equilibrium point between bulls and bears. Who has the greater strength next will depend on further developments.

**My thoughts (just for reference, not advice)**

Instead of chasing high and rushing in, it’s better to wait and see. My suggestion is: be patient, wait for the price to retrace to a key support level—such as the 20-period EMA on the 4-hour chart—before considering entering in batches. The risk-reward ratio of chasing the top is really not high; getting caught is the most uncomfortable part.