The fluctuations of Bitcoin, the pace of altcoins

Bitcoin is still in a narrow range of fluctuations, it pulled back to around 96,000 last night, and it has only dropped less than 4 points from the highest point. So far, this trend completely aligns with what I previously mentioned: "Bitcoin first fluctuates in a narrow range, then enters a wide range of fluctuations." This is the route I have always anticipated.

Before pulling back to 90,000, Bitcoin will not break through the 100,000 mark. Until now, Bitcoin's trend has been following my script perfectly, and I have repeatedly mentioned it, almost as if it were an open secret.

When Bitcoin's fluctuations and adjustments are completed and it is ready to break through 100,000, that will be the acceleration stage of this bull market, and the market will enter the most FOMO (fear of missing out) phase, with outside investors flocking in. In fact, the reason I keep saying Bitcoin will temporarily not break through 100,000 is that this position is meant to attract new investors.

Meanwhile, Ethereum and altcoins are also not idle. During this period of Bitcoin's fluctuations, they will continuously raise their own levels. The rotation of altcoins and the script of the altcoin market are becoming increasingly clear to me.

After the MEME sector ends, the next rotation will be the major chains of old coins, followed by the metaverse and some DeFi. We may see scenarios where coins triple in value within ten days, everywhere you look. This wave of rotation of old coins is not over yet, and those who have endured for several years should also start to cash out.

However, old coins are merely an appetizer for this wave of altcoin season; the real protagonists are quietly raising their levels. In every bull market, the crazy performances of altcoins occur during the acceleration phase of Bitcoin's market.

Every time the market pulls back, what you see may be fear, while what I see is opportunity. While you ponder what to buy every day, I study how to maximize capital efficiency. The first and most important step is to learn to overcome fear.