Analysis: It is recommended to continue bullish on Bitcoin and hedge risks through perpetual contracts for altcoins

According to the latest report from Matrixport, the price of Bitcoin has once again surpassed $100000 and has risen 16% since hitting the key point of $85450 on April 11th. The report points out that after breaking through the 21 week moving average ($87199) and Fibonacci resistance level ($87045), Bitcoin, coupled with accelerated inflows of ETF funds, formed a strong upward signal. Currently, the market value of Bitcoin has risen to 64.5%, a new high since the DeFi craze in 2021, demonstrating the market's "safe haven" tendency. In contrast, the performance of altcoins has remained sluggish, with social media attention dropping by over 40% since December last year. The report suggests continuing to be bullish on Bitcoin while hedging risks through perpetual contracts for altcoins.