#BTC currently shows signs of breaking the trend line support, but considering the previous sharp rise, the decline is also a normal retracement. But some altcoins have fallen to the level of the US presidential election on November 5-6. 😅Dust to dust. #加密市场回调 The altcoin index has fallen to around 48 again, and it is expected to be lower tomorrow according to the market update.
Regarding the peak of #山寨币 , I told everyone in early December, one or two weeks in advance, that if the altcoin index rises to more than 85 in the future, you should pay attention to the risk area. In fact, it started to fall sharply at the highest of 88. I have always adhered to the concept that the altcoin's rebound is not sustainable. Rotation means timely profit reduction after the rally.
The following figure shows my tips and interpretations on the altcoin index from late November to early December. From the healthy state of around 48 at the beginning of the effort in late November, to the continuity-related prompts, to the warning at 78-80 later, it was about to enter the risk zone when it exceeded 85. In fact, it peaked and fell back in a few days, especially starting to fall sharply on December 10.