1. The first correction after the historic summit:
In every Bitcoin bull cycle, there is usually a major correction of more than 20% after the historical high is broken.
This correction is considered positive for altcoins, as it leads to a decrease in Bitcoin Dominance.
Liquidity is shifting from Bitcoin to altcoins, leading to significant volatility in them:
Some of them go down.
Some of them go up.
Some move sideways.
2. Chaos during correction:
During a correction, the market witnesses unexpected movements of altcoins.
As Bitcoin rebounds and goes back up after the correction ends, there is a huge explosion in altcoin prices, because Bitcoin's acquisition does not go back up but continues to fall.
3. Possible points of correction:
It is difficult to pinpoint exactly where the correction will start.
Forecasts indicate two possible levels:
$127,000.
$138,000 (which is the scenario you're most likely to go through).
4. Current status:
The fluctuations that are happening now in the market are normal and do not affect investors who have been positioned for months much.
Advice: Ignore minor fluctuations, they only affect new traders and speculators, while you, as a long-term investor, watch and wait.
Conclusion:
Bitcoin’s first correction is a pivotal moment for market transformation, opening the way for altcoins to flourish. Long-term positioning provides greater comfort from daily market volatility.
