The unexpected events have led to a downward trend in the market, and it is expected that today's Closing Price may be around $1195. Currently, market sentiment is cautious, and investors generally adopt a wait-and-see attitude, not considering significant buying or selling for the time being.

For traders with a higher risk tolerance, it may be worth considering a light long position. Market participants suggest paying close attention to the support level near $1165, as this could be a key point for future price movements.

According to technical analysis, there is an opinion that a long position can be attempted around $1185, with target prices between $1195 and $1210. However, investors should be aware that the cryptocurrency market is highly volatile, and it is essential to operate cautiously and manage risks.

At the same time, industry insiders have noticed that the search popularity for altcoins has surged recently, hitting a five-year high. This phenomenon reflects an increased interest from investors in cryptocurrencies other than Bitcoin, which may indicate that the market structure is undergoing changes. However, whether this popularity can be sustained and whether it will affect mainstream cryptocurrencies remains to be observed.