๐ About the Current Altcoin Dip
Even with a minor Bitcoin correction (-1.7%), altcoins continue to react with significant pullbacks, averaging between 7% and 15%!
Bitcoin dominance has reached a new local high, now sitting at 61%. This makes longing altcoins extremely risky at this stage of the market. The best approach is to calmly accumulate positions on spot (in parts) and wait for them to play out.
Until the desired growth impulses arrive, we may see deeper pullbacks to shake out weak hands. Stay cautious and trade wisely! โ ๏ธ$PEPE